Eritrea: Capital investment, percent of GDP

* indicates monthly or quarterly data series

Capital investment as percent of GDP

 Latest value 12.63
 Year 2011
 Measure percent
 Data availability 1992 - 2011
 Average 21.82
 Min - Max 7.81 - 45.51
 Source The World Bank
For that indicator, we provide data for Eritrea from 1992 to 2011. The average value for Eritrea during that period was 21.82 percent with a minimum of 7.81 percent in 1992 and a maximum of 45.51 percent in 1999. The latest value from 2011 is 12.63 percent. For comparison, the world average in 2011 based on 166 countries is 24.59 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Eritrea - Capital investment, percent of GDP - recent values

Historical chart
Eritrea - Capital investment, percent of GDP - historical chart - 1992-2011

The capital investment in Eritrea and other countries is calculated as the purchases of new plant and equipment by firms, as percent of GDP. A high number is good for long-term economic growth as current investment leads to greater future production.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 12.63 2011 percent
 Capital investment, in dollars 0.26 2011 billion U.S. dollars
 Household consumption, percent of GDP 98.17 2011 percent
 Household consumption, in dollars 2.03 2011 billion U.S. dollars
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