Gross fixed capital formation, General government … General Percent in Nigeria
Nigeria: Gross fixed capital formation, General government … General Percent was 1.18 in 2019. ◆ Volatile
Gross fixed capital formation, General government, Constant prices in Nigeria, 1960–2019
Source: International Monetary Fund.
Analysis
In 2019, gross fixed capital formation, general government, constant prices in Nigeria stood at 1.18. That is the lowest value across all 60 years on record.
The figure is down 15.6% on the previous year and down 49.3% over ten years.
Over the whole period, gross fixed capital formation, general government, constant prices in Nigeria peaked at 17.31 in 1981 and was at its lowest, 1.18, in 2019.
That places Nigeria 170th out of 173 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, General government … General Percent in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 8.2 | — |
| 1961 | 8.9 | +8.5% |
| 1962 | 8.92 | +0.2% |
| 1963 | 8.53 | -4.3% |
| 1964 | 8.6 | +0.7% |
| 1965 | 9.38 | +9.1% |
| 1966 | 10.28 | +9.6% |
| 1967 | 12.68 | +23.4% |
| 1968 | 13.1 | +3.3% |
| 1969 | 11.57 | -11.7% |
| 1970 | 10.48 | -9.4% |
| 1971 | 9.93 | -5.2% |
| 1972 | 10.21 | +2.8% |
| 1973 | 11.3 | +10.6% |
| 1974 | 8.29 | -26.6% |
| 1975 | 11.05 | +33.4% |
| 1976 | 14.56 | +31.7% |
| 1977 | 15.84 | +8.8% |
| 1978 | 16 | +1.0% |
| 1979 | 14.41 | -9.9% |
| 1980 | 15.01 | +4.2% |
| 1981 | 17.31 | +15.4% |
| 1982 | 15.17 | -12.4% |
| 1983 | 13.47 | -11.2% |
| 1984 | 9.51 | -29.4% |
| 1985 | 7.61 | -20.0% |
| 1986 | 7.62 | +0.2% |
| 1987 | 6.92 | -9.1% |
| 1988 | 6.88 | -0.6% |
| 1989 | 7.19 | +4.5% |
| 1990 | 6.03 | -16.1% |
| 1991 | 5.63 | -6.7% |
| 1992 | 8.14 | +44.7% |
| 1993 | 8.43 | +3.5% |
| 1994 | 8.37 | -0.8% |
| 1995 | 5.58 | -33.4% |
| 1996 | 5.55 | -0.5% |
| 1997 | 7.3 | +31.5% |
| 1998 | 6.83 | -6.3% |
| 1999 | 6.46 | -5.5% |
| 2000 | 10.91 | +69.0% |
| 2001 | 10.49 | -3.9% |
| 2002 | 4.36 | -58.4% |
| 2003 | 5.55 | +27.4% |
| 2004 | 3.65 | -34.3% |
| 2005 | 2.17 | -40.4% |
| 2006 | 3.96 | +82.3% |
| 2007 | 3.21 | -18.9% |
| 2008 | 2.76 | -14.2% |
| 2009 | 2.33 | -15.4% |
| 2010 | 2.55 | +9.2% |
| 2011 | 1.59 | -37.5% |
| 2012 | 1.81 | +13.8% |
| 2013 | 1.78 | -1.5% |
| 2014 | 1.65 | -7.7% |
| 2015 | 1.41 | -14.3% |
| 2016 | 1.35 | -4.4% |
| 2017 | 1.84 | +36.7% |
| 2018 | 1.4 | -24.1% |
| 2019 | 1.18 | -15.6% |
Nigeria compared with similar countries
- Nigeria's 1.18 is below the median for lower middle income countries, which is 4.16, 28% of the median. (41 countries reporting)
- Nigeria's 1.18 is below the median for Sub-Saharan Africa, which is 3.83, 31% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.01 | 8.2 | 13.1 | 10 |
| 1970s | 12.21 | 8.29 | 16 | 10 |
| 1980s | 10.67 | 6.88 | 17.31 | 10 |
| 1990s | 6.83 | 5.55 | 8.43 | 10 |
| 2000s | 4.94 | 2.17 | 10.91 | 10 |
| 2010s | 1.66 | 1.18 | 2.55 | 10 |
Countries ranked near Nigeria
More public sector data for Nigeria
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 21.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.2879 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -27.96 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation, general government, constant prices in Nigeria?
- Gross fixed capital formation, general government, constant prices in Nigeria was 1.18 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, general government, constant prices recorded in Nigeria?
- The highest recorded value was 17.31 in 1981.
- What is the lowest gross fixed capital formation, general government, constant prices recorded in Nigeria?
- The lowest recorded value was 1.18 in 2019.
- How does Nigeria rank for gross fixed capital formation, general government, constant prices?
- Nigeria ranks 170th out of 173 countries with data for 2019.
- Is gross fixed capital formation, general government, constant prices rising or falling in Nigeria?
- Over the last ten years it is down 49.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, General government, Constant prices, Percent of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.