Gross Fixed Capital Formation — Value Standard Local Currency, per in Eritrea
Eritrea: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0.021 million SLC per square kilometre in 2023. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, per in Eritrea, 1993–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
Eritrea recorded 0.021 million SLC per square kilometre for gross fixed capital formation — value standard local currency, per in 2023.
The figure is down 3.6% on the previous year and down 22.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Eritrea peaked at 0.0367 million SLC per square kilometre in 2010 and was at its lowest, 0.0065 million SLC per square kilometre, in 1993.
That places Eritrea 189th out of 194 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, per in Eritrea, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1993 | 0.0065 million SLC per square kilometre | — |
| 1994 | 0.0086 million SLC per square kilometre | +33.3% |
| 1995 | 0.0087 million SLC per square kilometre | +1.0% |
| 1996 | 0.0127 million SLC per square kilometre | +45.6% |
| 1997 | 0.0161 million SLC per square kilometre | +27.3% |
| 1998 | 0.0179 million SLC per square kilometre | +11.1% |
| 1999 | 0.0257 million SLC per square kilometre | +43.3% |
| 2000 | 0.0148 million SLC per square kilometre | -42.4% |
| 2001 | 0.0297 million SLC per square kilometre | +100.6% |
| 2002 | 0.0298 million SLC per square kilometre | +0.3% |
| 2003 | 0.0317 million SLC per square kilometre | +6.6% |
| 2004 | 0.0256 million SLC per square kilometre | -19.3% |
| 2005 | 0.0284 million SLC per square kilometre | +10.8% |
| 2006 | 0.0205 million SLC per square kilometre | -27.7% |
| 2007 | 0.0206 million SLC per square kilometre | +0.3% |
| 2008 | 0.0213 million SLC per square kilometre | +3.4% |
| 2009 | 0.0206 million SLC per square kilometre | -3.1% |
| 2010 | 0.0367 million SLC per square kilometre | +77.9% |
| 2011 | 0.0337 million SLC per square kilometre | -8.2% |
| 2012 | 0.0293 million SLC per square kilometre | -13.1% |
| 2013 | 0.027 million SLC per square kilometre | -7.8% |
| 2014 | 0.0244 million SLC per square kilometre | -9.5% |
| 2015 | 0.0263 million SLC per square kilometre | +7.6% |
| 2016 | 0.0191 million SLC per square kilometre | -27.4% |
| 2017 | 0.0205 million SLC per square kilometre | +7.5% |
| 2018 | 0.0073 million SLC per square kilometre | -64.4% |
| 2019 | 0.0124 million SLC per square kilometre | +69.0% |
| 2020 | 0.0199 million SLC per square kilometre | +61.4% |
| 2021 | 0.0203 million SLC per square kilometre | +1.7% |
| 2022 | 0.0218 million SLC per square kilometre | +7.7% |
| 2023 | 0.021 million SLC per square kilometre | -3.6% |
Eritrea compared with similar countries
- Eritrea's 0.021 million SLC per square kilometre is below the median for low income countries, which is 2.31 million SLC per square kilometre, 1% of the median. (23 countries reporting)
- Eritrea's 0.021 million SLC per square kilometre is below the median for Sub-Saharan Africa, which is 3.96 million SLC per square kilometre, 1% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0137 million SLC per square kilometre | 0.0065 million SLC per square kilometre | 0.0257 million SLC per square kilometre | 7 |
| 2000s | 0.0243 million SLC per square kilometre | 0.0148 million SLC per square kilometre | 0.0317 million SLC per square kilometre | 10 |
| 2010s | 0.0237 million SLC per square kilometre | 0.0073 million SLC per square kilometre | 0.0367 million SLC per square kilometre | 10 |
| 2020s | 0.0208 million SLC per square kilometre | 0.0199 million SLC per square kilometre | 0.0218 million SLC per square kilometre | 4 |
Countries ranked near Eritrea
- 186 Belize 0.0579 million SLC per square kilometre compare
- 187 Oman 0.032 million SLC per square kilometre compare
- 188 East Timor 0.0243 million SLC per square kilometre compare
- 190 Libya 0.0193 million SLC per square kilometre compare
- 191 Papua New Guinea 0.0185 million SLC per square kilometre compare
- 192 Greenland 0.0165 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, per in Eritrea?
- Gross fixed capital formation — value standard local currency, per in Eritrea was 0.021 million SLC per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, per recorded in Eritrea?
- The highest recorded value was 0.0367 million SLC per square kilometre in 2010.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Eritrea?
- The lowest recorded value was 0.0065 million SLC per square kilometre in 1993.
- How does Eritrea rank for gross fixed capital formation — value standard local currency, per?
- Eritrea ranks 189th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Eritrea?
- Over the last ten years it is down 22.0%. The long-run trend across the full record is rising.
- 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, 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 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 ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency 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 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.