Gross Fixed Capital Formation — Value US$, per square kilometre in Eritrea
Eritrea: Gross Fixed Capital Formation — Value US$, per square kilometre was 0.0014 million USD per square kilometre in 2023. ▼ Falling
Gross Fixed Capital Formation — Value US$, per square kilometre in Eritrea, 1993–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
The most recent figure for gross fixed capital formation — value us$, per square kilometre in Eritrea is 0.0014 million USD per square kilometre, measured in 2023.
Compared with earlier readings it is down 3.6% on the previous year and down 20.5% over ten years.
Over the whole period, gross fixed capital formation — value us$, per square kilometre in Eritrea peaked at 0.0032 million USD per square kilometre in 1999 and was at its lowest, 0.0005 million USD per square kilometre, in 2018.
Eritrea ranks 192nd of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Gross Fixed Capital Formation — Value US$, per square kilometre in Eritrea, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1993 | 0.0013 million USD per square kilometre | — |
| 1994 | 0.0016 million USD per square kilometre | +21.9% |
| 1995 | 0.0014 million USD per square kilometre | -10.4% |
| 1996 | 0.002 million USD per square kilometre | +41.2% |
| 1997 | 0.0024 million USD per square kilometre | +19.8% |
| 1998 | 0.0024 million USD per square kilometre | +2.0% |
| 1999 | 0.0032 million USD per square kilometre | +29.4% |
| 2000 | 0.0015 million USD per square kilometre | -51.2% |
| 2001 | 0.0026 million USD per square kilometre | +70.7% |
| 2002 | 0.0021 million USD per square kilometre | -18.8% |
| 2003 | 0.0023 million USD per square kilometre | +7.2% |
| 2004 | 0.0019 million USD per square kilometre | -18.8% |
| 2005 | 0.0018 million USD per square kilometre | -0.6% |
| 2006 | 0.0013 million USD per square kilometre | -27.7% |
| 2007 | 0.0013 million USD per square kilometre | +0.3% |
| 2008 | 0.0014 million USD per square kilometre | +3.4% |
| 2009 | 0.0013 million USD per square kilometre | -3.1% |
| 2010 | 0.0024 million USD per square kilometre | +77.9% |
| 2011 | 0.0022 million USD per square kilometre | -8.2% |
| 2012 | 0.0019 million USD per square kilometre | -13.1% |
| 2013 | 0.0018 million USD per square kilometre | -7.8% |
| 2014 | 0.0016 million USD per square kilometre | -9.5% |
| 2015 | 0.0017 million USD per square kilometre | +7.6% |
| 2016 | 0.0012 million USD per square kilometre | -27.3% |
| 2017 | 0.0014 million USD per square kilometre | +9.5% |
| 2018 | 0.0005 million USD per square kilometre | -64.4% |
| 2019 | 0.0008 million USD per square kilometre | +69.0% |
| 2020 | 0.0013 million USD per square kilometre | +61.4% |
| 2021 | 0.0013 million USD per square kilometre | +1.7% |
| 2022 | 0.0014 million USD per square kilometre | +7.7% |
| 2023 | 0.0014 million USD per square kilometre | -3.6% |
Eritrea compared with similar countries
- Eritrea's 0.0014 million USD per square kilometre is below the median for low income countries, which is 0.0054 million USD per square kilometre, 26% of the median. (23 countries reporting)
- Eritrea's 0.0014 million USD per square kilometre is below the median for Sub-Saharan Africa, which is 0.0176 million USD per square kilometre, 8% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.002 million USD per square kilometre | 0.0013 million USD per square kilometre | 0.0032 million USD per square kilometre | 7 |
| 2000s | 0.0018 million USD per square kilometre | 0.0013 million USD per square kilometre | 0.0026 million USD per square kilometre | 10 |
| 2010s | 0.0015 million USD per square kilometre | 0.0005 million USD per square kilometre | 0.0024 million USD per square kilometre | 10 |
| 2020s | 0.0014 million USD per square kilometre | 0.0013 million USD per square kilometre | 0.0014 million USD per square kilometre | 4 |
Countries ranked near Eritrea
- 189 Mauritania 0.0024 million USD per square kilometre compare
- 190 Sudan 0.0024 million USD per square kilometre compare
- 191 Greenland 0.0024 million USD per square kilometre compare
- 193 Central African Republic 0.0009 million USD per square kilometre compare
- 194 South Sudan 0.0003 million USD 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$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gross fixed capital formation — value us$, per square kilometre in Eritrea?
- Gross fixed capital formation — value us$, per square kilometre in Eritrea was 0.0014 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per square kilometre recorded in Eritrea?
- The highest recorded value was 0.0032 million USD per square kilometre in 1999.
- What is the lowest gross fixed capital formation — value us$, per square kilometre recorded in Eritrea?
- The lowest recorded value was 0.0005 million USD per square kilometre in 2018.
- How does Eritrea rank for gross fixed capital formation — value us$, per square kilometre?
- Eritrea ranks 192nd out of 194 countries with data for 2023.
- Is gross fixed capital formation — value us$, per square kilometre rising or falling in Eritrea?
- Over the last ten years it is down 20.5%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value US$ 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 US$ ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value US$ 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 US$ 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.