Gross Fixed Capital Formation — Value Standard Local Currency in Eritrea
Eritrea: Gross Fixed Capital Formation — Value Standard Local Currency was 2,623 million SLC in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency in Eritrea, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Eritrea stood at 2,623 million SLC.
Compared with earlier readings it is up 2.8% on the previous year and down 11.3% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Eritrea peaked at 4,441 million SLC in 2010 and was at its lowest, 261.63 million SLC, in 1992.
Eritrea ranks 191st of 230 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency in Eritrea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 298.12 million SLC | — |
| 1991 | 385.76 million SLC | +29.4% |
| 1992 | 261.63 million SLC | -32.2% |
| 1993 | 652.87 million SLC | +149.5% |
| 1994 | 870.08 million SLC | +33.3% |
| 1995 | 878.68 million SLC | +1.0% |
| 1996 | 1,280 million SLC | +45.6% |
| 1997 | 1,630 million SLC | +27.3% |
| 1998 | 1,810 million SLC | +11.1% |
| 1999 | 2,595 million SLC | +43.3% |
| 2000 | 1,496 million SLC | -42.4% |
| 2001 | 3,000 million SLC | +100.6% |
| 2002 | 3,008 million SLC | +0.3% |
| 2003 | 3,206 million SLC | +6.6% |
| 2004 | 3,098 million SLC | -3.3% |
| 2005 | 3,433 million SLC | +10.8% |
| 2006 | 2,483 million SLC | -27.7% |
| 2007 | 2,490 million SLC | +0.3% |
| 2008 | 2,576 million SLC | +3.4% |
| 2009 | 2,497 million SLC | -3.1% |
| 2010 | 4,441 million SLC | +77.9% |
| 2011 | 4,079 million SLC | -8.2% |
| 2012 | 3,545 million SLC | -13.1% |
| 2013 | 3,268 million SLC | -7.8% |
| 2014 | 2,957 million SLC | -9.5% |
| 2015 | 3,183 million SLC | +7.7% |
| 2016 | 2,311 million SLC | -27.4% |
| 2017 | 2,485 million SLC | +7.5% |
| 2018 | 885.09 million SLC | -64.4% |
| 2019 | 1,496 million SLC | +69.0% |
| 2020 | 2,412 million SLC | +61.3% |
| 2021 | 2,455 million SLC | +1.8% |
| 2022 | 2,645 million SLC | +7.7% |
| 2023 | 2,550 million SLC | -3.6% |
| 2024 | 2,623 million SLC | +2.8% |
Eritrea compared with similar countries
- Eritrea's 2,623 million SLC is below the median for low income countries, which is 2.25 million million SLC, 0% of the median. (23 countries reporting)
- Eritrea's 2,623 million SLC is below the median for Sub-Saharan Africa, which is 1.26 million million SLC, 0% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency 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 |
|---|---|---|---|
| 1993 | +149.5% | 261.63 million SLC | 652.87 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,066 million SLC | 261.63 million SLC | 2,595 million SLC | 10 |
| 2000s | 2,729 million SLC | 1,496 million SLC | 3,433 million SLC | 10 |
| 2010s | 2,865 million SLC | 885.09 million SLC | 4,441 million SLC | 10 |
| 2020s | 2,537 million SLC | 2,412 million SLC | 2,645 million SLC | 5 |
Countries ranked near Eritrea
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0118 units per US$ of GDP (2011)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Eritrea?
- Gross fixed capital formation — value standard local currency in Eritrea was 2,623 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Eritrea?
- The highest recorded value was 4,441 million SLC in 2010.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Eritrea?
- The lowest recorded value was 261.63 million SLC in 1992.
- How does Eritrea rank for gross fixed capital formation — value standard local currency?
- Eritrea ranks 191st out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Eritrea?
- Over the last ten years it is down 11.3%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).