Gross Fixed Capital: Value Standard Local … Gross rate annual growth in Eritrea
Eritrea: Gross Fixed Capital: Value Standard Local … Gross rate annual growth was 2.85 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, annual in Eritrea, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation — value standard local currency, annual in Eritrea stood at 2.85 % change on previous year.
The figure is up 178.9% on the previous year and up 130.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, annual in Eritrea peaked at 149.54 % change on previous year in 1993 and was at its lowest, -64.38 % change on previous year, in 2018.
That places Eritrea 175th out of 230 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital: Value Standard Local … Gross rate annual growth in Eritrea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 29.4 % change on previous year | — |
| 1992 | -32.18 % change on previous year | -209.5% |
| 1993 | 149.54 % change on previous year | -564.7% |
| 1994 | 33.27 % change on previous year | -77.8% |
| 1995 | 0.9886 % change on previous year | -97.0% |
| 1996 | 45.63 % change on previous year | +4515.9% |
| 1997 | 27.34 % change on previous year | -40.1% |
| 1998 | 11.07 % change on previous year | -59.5% |
| 1999 | 43.35 % change on previous year | +291.4% |
| 2000 | -42.36 % change on previous year | -197.7% |
| 2001 | 100.62 % change on previous year | -337.5% |
| 2002 | 0.2596 % change on previous year | -99.7% |
| 2003 | 6.57 % change on previous year | +2431.0% |
| 2004 | -3.35 % change on previous year | -151.0% |
| 2005 | 10.81 % change on previous year | -422.9% |
| 2006 | -27.68 % change on previous year | -356.0% |
| 2007 | 0.2879 % change on previous year | -101.0% |
| 2008 | 3.45 % change on previous year | +1097.9% |
| 2009 | -3.08 % change on previous year | -189.2% |
| 2010 | 77.88 % change on previous year | -2630.0% |
| 2011 | -8.17 % change on previous year | -110.5% |
| 2012 | -13.07 % change on previous year | +60.0% |
| 2013 | -7.84 % change on previous year | -40.1% |
| 2014 | -9.51 % change on previous year | +21.4% |
| 2015 | 7.66 % change on previous year | -180.5% |
| 2016 | -27.4 % change on previous year | -457.8% |
| 2017 | 7.53 % change on previous year | -127.5% |
| 2018 | -64.38 % change on previous year | -955.5% |
| 2019 | 68.97 % change on previous year | -207.1% |
| 2020 | 61.3 % change on previous year | -11.1% |
| 2021 | 1.78 % change on previous year | -97.1% |
| 2022 | 7.75 % change on previous year | +335.5% |
| 2023 | -3.61 % change on previous year | -146.6% |
| 2024 | 2.85 % change on previous year | -178.9% |
Eritrea compared with similar countries
- Eritrea's 2.85 % change on previous year is below the median for low income countries, which is 8.25 % change on previous year, 35% of the median. (23 countries reporting)
- Eritrea's 2.85 % change on previous year is below the median for Sub-Saharan Africa, which is 9.3 % change on previous year, 31% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital: Value Standard Local … Gross rate annual growth in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +4515.9% | 0.9886 % change on previous year | 45.63 % change on previous year |
| 2010 | +2630.0% | -3.08 % change on previous year | 77.88 % change on previous year |
| 2003 | +2431.0% | 0.2596 % change on previous year | 6.57 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.27 % change on previous year | -32.18 % change on previous year | 149.54 % change on previous year | 9 |
| 2000s | 4.55 % change on previous year | -42.36 % change on previous year | 100.62 % change on previous year | 10 |
| 2010s | 3.17 % change on previous year | -64.38 % change on previous year | 77.88 % change on previous year | 10 |
| 2020s | 14.01 % change on previous year | -3.61 % change on previous year | 61.3 % change on previous year | 5 |
Countries ranked near Eritrea
- 172 Cuba 3.22 % change on previous year compare
- 173 Norway 2.91 % change on previous year compare
- 174 China, Macao SAR 2.9 % change on previous year compare
- 176 Belgium 2.78 % change on previous year compare
- 177 Niger 2.74 % change on previous year compare
- 178 Cabo Verde 2.73 % change on previous year compare
More economy & growth data for Eritrea
- Real gdp growth, annual growth rate -70.56 % change on previous year (2019)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2011)
- SDRs holdings, US dollar, per capita 6.53 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.25 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0017 units per US$ of GDP (2011)
- SDRs holdings, SDR, per capita 4.77 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, annual in Eritrea?
- Gross fixed capital formation — value standard local currency, annual in Eritrea was 2.85 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, annual recorded in Eritrea?
- The highest recorded value was 149.54 % change on previous year in 1993.
- What is the lowest gross fixed capital formation — value standard local currency, annual recorded in Eritrea?
- The lowest recorded value was -64.38 % change on previous year in 2018.
- How does Eritrea rank for gross fixed capital formation — value standard local currency, annual?
- Eritrea ranks 175th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, annual rising or falling in Eritrea?
- Over the last ten years it is up 130.0%. 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, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.