Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Eritrea
Eritrea: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 0.0164 million SLC per square kilometre in 2023. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Eritrea, 1993–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross fixed capital formation — value standard local currency, 2015 in Eritrea stood at 0.0164 million SLC per square kilometre.
Compared with earlier readings it is down 4.6% on the previous year and down 38.1% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Eritrea peaked at 0.104 million SLC per square kilometre in 1999 and was at its lowest, 0.0079 million SLC per square kilometre, in 2018.
Eritrea ranks 189th of 194 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Eritrea, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1993 | 0.0378 million SLC per square kilometre | — |
| 1994 | 0.0394 million SLC per square kilometre | +4.3% |
| 1995 | 0.042 million SLC per square kilometre | +6.7% |
| 1996 | 0.0549 million SLC per square kilometre | +30.6% |
| 1997 | 0.0689 million SLC per square kilometre | +25.5% |
| 1998 | 0.0773 million SLC per square kilometre | +12.3% |
| 1999 | 0.104 million SLC per square kilometre | +34.5% |
| 2000 | 0.0566 million SLC per square kilometre | -45.6% |
| 2001 | 0.0802 million SLC per square kilometre | +41.8% |
| 2002 | 0.0694 million SLC per square kilometre | -13.5% |
| 2003 | 0.0681 million SLC per square kilometre | -1.8% |
| 2004 | 0.0443 million SLC per square kilometre | -34.9% |
| 2005 | 0.0594 million SLC per square kilometre | +34.0% |
| 2006 | 0.0377 million SLC per square kilometre | -36.6% |
| 2007 | 0.0334 million SLC per square kilometre | -11.2% |
| 2008 | 0.0289 million SLC per square kilometre | -13.6% |
| 2009 | 0.0273 million SLC per square kilometre | -5.3% |
| 2010 | 0.0411 million SLC per square kilometre | +50.4% |
| 2011 | 0.0327 million SLC per square kilometre | -20.6% |
| 2012 | 0.0288 million SLC per square kilometre | -11.9% |
| 2013 | 0.0265 million SLC per square kilometre | -8.1% |
| 2014 | 0.0238 million SLC per square kilometre | -9.9% |
| 2015 | 0.0263 million SLC per square kilometre | +10.3% |
| 2016 | 0.0202 million SLC per square kilometre | -23.1% |
| 2017 | 0.0217 million SLC per square kilometre | +7.4% |
| 2018 | 0.0079 million SLC per square kilometre | -63.5% |
| 2019 | 0.0135 million SLC per square kilometre | +69.8% |
| 2020 | 0.0215 million SLC per square kilometre | +59.6% |
| 2021 | 0.0177 million SLC per square kilometre | -17.7% |
| 2022 | 0.0172 million SLC per square kilometre | -2.9% |
| 2023 | 0.0164 million SLC per square kilometre | -4.6% |
Eritrea compared with similar countries
- Eritrea's 0.0164 million SLC per square kilometre is below the median for low income countries, which is 1.86 million SLC per square kilometre, 1% of the median. (23 countries reporting)
- Eritrea's 0.0164 million SLC per square kilometre is below the median for Sub-Saharan Africa, which is 2.34 million SLC per square kilometre, 1% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0606 million SLC per square kilometre | 0.0378 million SLC per square kilometre | 0.104 million SLC per square kilometre | 7 |
| 2000s | 0.0505 million SLC per square kilometre | 0.0273 million SLC per square kilometre | 0.0802 million SLC per square kilometre | 10 |
| 2010s | 0.0242 million SLC per square kilometre | 0.0079 million SLC per square kilometre | 0.0411 million SLC per square kilometre | 10 |
| 2020s | 0.0182 million SLC per square kilometre | 0.0164 million SLC per square kilometre | 0.0215 million SLC per square kilometre | 4 |
Countries ranked near Eritrea
- 186 East Timor 0.0228 million SLC per square kilometre compare
- 187 Sudan 0.0207 million SLC per square kilometre compare
- 188 Greenland 0.0196 million SLC per square kilometre compare
- 190 Papua New Guinea 0.0131 million SLC per square kilometre compare
- 191 South Sudan 0.0125 million SLC per square kilometre compare
- 192 Liberia 0.0077 million SLC per square kilometre compare
More economy & growth data for Eritrea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -27.95 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 106.46 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0189 BoP, current US$ per US$ of GDP (2011)
- Foreign direct investment, net inflows (BoP, current US$), per capita -7.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.58 % change on previous year (2019)
- Total reserves (includes gold, current US$), per unit of GDP 0.0558 includes gold, current US$ per US$ of GDP (2011)
- Total reserves (includes gold, current US$), per capita 59.16 includes gold, current US$ per person (2019)
- Total reserves minus gold (current US$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Eritrea?
- Gross fixed capital formation — value standard local currency, 2015 in Eritrea was 0.0164 million SLC per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Eritrea?
- The highest recorded value was 0.104 million SLC per square kilometre in 1999.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Eritrea?
- The lowest recorded value was 0.0079 million SLC per square kilometre in 2018.
- How does Eritrea rank for gross fixed capital formation — value standard local currency, 2015?
- Eritrea ranks 189th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Eritrea?
- Over the last ten years it is down 38.1%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.