Gross Fixed Capital Formation — Value US$ in Eritrea
Eritrea: Gross Fixed Capital Formation — Value US$ was 173.97 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$ in Eritrea, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$ in Eritrea is 173.97 million USD, measured in 2024.
That represents a change of up 2.8% on the previous year and down 9.5% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Eritrea peaked at 318.26 million USD in 1999 and was at its lowest, 52.19 million USD, in 1992.
That places Eritrea 222nd out of 235 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Fixed Capital Formation — Value US$ in Eritrea, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 65.11 million USD | — |
| 1991 | 80.62 million USD | +23.8% |
| 1992 | 52.19 million USD | -35.3% |
| 1993 | 130.46 million USD | +149.9% |
| 1994 | 159.07 million USD | +21.9% |
| 1995 | 142.56 million USD | -10.4% |
| 1996 | 201.29 million USD | +41.2% |
| 1997 | 241.1 million USD | +19.8% |
| 1998 | 245.86 million USD | +2.0% |
| 1999 | 318.26 million USD | +29.4% |
| 2000 | 155.38 million USD | -51.2% |
| 2001 | 265.29 million USD | +70.7% |
| 2002 | 215.51 million USD | -18.8% |
| 2003 | 231 million USD | +7.2% |
| 2004 | 224.73 million USD | -2.7% |
| 2005 | 223.41 million USD | -0.6% |
| 2006 | 161.5 million USD | -27.7% |
| 2007 | 161.97 million USD | +0.3% |
| 2008 | 167.55 million USD | +3.4% |
| 2009 | 162.4 million USD | -3.1% |
| 2010 | 288.87 million USD | +77.9% |
| 2011 | 265.27 million USD | -8.2% |
| 2012 | 230.59 million USD | -13.1% |
| 2013 | 212.52 million USD | -7.8% |
| 2014 | 192.3 million USD | -9.5% |
| 2015 | 207.03 million USD | +7.7% |
| 2016 | 150.55 million USD | -27.3% |
| 2017 | 164.83 million USD | +9.5% |
| 2018 | 58.71 million USD | -64.4% |
| 2019 | 99.2 million USD | +69.0% |
| 2020 | 160.02 million USD | +61.3% |
| 2021 | 162.87 million USD | +1.8% |
| 2022 | 175.48 million USD | +7.7% |
| 2023 | 169.15 million USD | -3.6% |
| 2024 | 173.97 million USD | +2.8% |
Eritrea compared with similar countries
- Eritrea's 173.97 million USD is below the median for low income countries, which is 2,841 million USD, 6% of the median. (23 countries reporting)
- Eritrea's 173.97 million USD is below the median for Sub-Saharan Africa, which is 3,840 million USD, 5% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$ 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 | +149.9% | 52.19 million USD | 130.46 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 163.65 million USD | 52.19 million USD | 318.26 million USD | 10 |
| 2000s | 196.87 million USD | 155.38 million USD | 265.29 million USD | 10 |
| 2010s | 186.99 million USD | 58.71 million USD | 288.87 million USD | 10 |
| 2020s | 168.3 million USD | 160.02 million USD | 175.48 million USD | 5 |
Countries ranked near Eritrea
- 219 Turks and Caicos Islands 237.82 million USD compare
- 220 Yemen Dem 198.16 million USD
- 221 Comoros 193.44 million USD compare
- 223 Sao Tome and Principe 170.84 million USD compare
- 224 Tonga 146.77 million USD compare
- 225 Micronesia (Federated States of) 140.24 million USD 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$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Eritrea?
- Gross fixed capital formation — value us$ in Eritrea was 173.97 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Eritrea?
- The highest recorded value was 318.26 million USD in 1999.
- What is the lowest gross fixed capital formation — value us$ recorded in Eritrea?
- The lowest recorded value was 52.19 million USD in 1992.
- How does Eritrea rank for gross fixed capital formation — value us$?
- Eritrea ranks 222nd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Eritrea?
- Over the last ten years it is down 9.5%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).