Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Eritrea

Gross capital formation (% of GDP) in Eritrea in 2011 — 12.6%. Ranked 164 in the world out of 172. Since 1992, the indicator has risen by 4.8 pp.

2011 12.6% +0.2 pp vs 2010
World rank 164of 172
Period maximum 45.5%1999
Period minimum 7.8%1992

Trend over time

1992–2011 · % of GDP

Gross capital formation (% of GDP) — Eritrea, 1992–20110204060199219941996199820002002200420062008201020111992: 7.8%1993: 17%1994: 25.1%1995: 22.5%1996: 27.6%1997: 31.3%1998: 32.3%1999: 45.5%2000: 22%2001: 35.3%2002: 29.5%2003: 26.5%2004: 20.3%2005: 20.3%2006: 13.7%2007: 12.7%2008: 12.7%2009: 9.3%2010: 12.4%2011: 12.6%
Change over the period: +4.8 pp Annual average: 0.25 pp

Comparison, 2011

How the value compares with the world and the groups this territory belongs to: Eritrea

Eritrea 12.6%
World 25.3%
Eastern Africa computed 26.2%
Low-income countries computed 22.7%
Gross capital formation (% of GDP) — Eritrea, by year Eritrea All countries CSV XLSX
Year % Change, pp
2011 12.6 +0.2 pp
2010 12.4 +3.1 pp
2009 9.3 −3.4 pp
2008 12.7 +0 pp
2007 12.7 −1 pp
2006 13.7 −6.7 pp
2005 20.3 +0.1 pp
2004 20.3 −6.3 pp
2003 26.5 −3 pp
2002 29.5 −5.7 pp
2001 35.3 +13.3 pp
2000 22 −23.5 pp
1999 45.5 +13.2 pp
1998 32.3 +1 pp
1997 31.3 +3.7 pp
1996 27.6 +5.1 pp
1995 22.5 −2.6 pp
1994 25.1 +8.1 pp
1993 17 +9.2 pp
1992 7.8

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.