Gross fixed capital formation, General government, Constant prices in Nigeria
Nigeria: Gross fixed capital formation, General government, Constant prices 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, Constant prices 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% |
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
- 167 Armenia 1.53 compare
- 168 Republic of Moldova 1.46 compare
- 169 Dominican Republic 1.29 compare
- 171 Iran, Islamic Republic of 1.14 compare
- 172 Ghana 0.9861 compare
- 173 Zimbabwe 0.6729 compare
More public sector data for Nigeria
- Arms imports 67.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 67.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 4.87 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0045 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -63.46 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.13 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 102.11 SIPRI trend indicator values per square kilometre (2023)
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.
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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.