Eritrea: Capital investment, percent of GDP

The latest value from 2011 is 12.63 percent, an increase from 12.39 percent in 2010. In comparison, the world average is 24.50 percent, based on data from 164 countries. Historically, the average for Eritrea from 1992 to 2011 is 21.82 percent. The minimum value, 7.81 percent, was reached in 1992 while the maximum of 45.51 percent was recorded in 1999. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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 includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.