Gross fixed capital formation, General government, Constant prices in Nigeria
Nigeria: Gross fixed capital formation, General government, Constant prices was -13.7 % change on previous year in 2019. ◆ Volatile
Gross fixed capital formation, General government, Constant prices in Nigeria, 1961–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross fixed capital formation, general government, constant prices in Nigeria is -13.7 % change on previous year, measured in 2019.
Compared with earlier readings it is up 39.4% on the previous year and down 59.3% over ten years.
Over the whole period, gross fixed capital formation, general government, constant prices in Nigeria peaked at 93.3 % change on previous year in 2006 and was at its lowest, -52.08 % change on previous year, in 2002.
That places Nigeria 142nd 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 | % change on previous year | Change |
|---|---|---|
| 1961 | 4 % change on previous year | — |
| 1962 | 4 % change on previous year | +0.0% |
| 1963 | 4 % change on previous year | -0.0% |
| 1964 | 4 % change on previous year | -0.0% |
| 1965 | 4 % change on previous year | +0.0% |
| 1966 | 4 % change on previous year | +0.0% |
| 1967 | 4 % change on previous year | -0.0% |
| 1968 | 4 % change on previous year | +0.0% |
| 1969 | 4 % change on previous year | +0.0% |
| 1970 | 8.54 % change on previous year | +113.6% |
| 1971 | 8.26 % change on previous year | -3.3% |
| 1972 | 10.2 % change on previous year | +23.5% |
| 1973 | 17.38 % change on previous year | +70.4% |
| 1974 | -18.72 % change on previous year | -207.7% |
| 1975 | 34.28 % change on previous year | -283.2% |
| 1976 | 41.04 % change on previous year | +19.7% |
| 1977 | 17.79 % change on previous year | -56.7% |
| 1978 | -1.91 % change on previous year | -110.8% |
| 1979 | -12.43 % change on previous year | +549.3% |
| 1980 | 6.49 % change on previous year | -152.2% |
| 1981 | 14.32 % change on previous year | +120.7% |
| 1982 | -18.34 % change on previous year | -228.1% |
| 1983 | -20.91 % change on previous year | +14.0% |
| 1984 | -30.17 % change on previous year | +44.3% |
| 1985 | -15.29 % change on previous year | -49.3% |
| 1986 | 0.2188 % change on previous year | -101.4% |
| 1987 | -6.23 % change on previous year | -2947.4% |
| 1988 | 6.68 % change on previous year | -207.3% |
| 1989 | 6.52 % change on previous year | -2.5% |
| 1990 | -6.27 % change on previous year | -196.2% |
| 1991 | -6.34 % change on previous year | +1.1% |
| 1992 | 51.41 % change on previous year | -910.9% |
| 1993 | 1.44 % change on previous year | -97.2% |
| 1994 | -2.56 % change on previous year | -278.1% |
| 1995 | -33.42 % change on previous year | +1207.3% |
| 1996 | 3.71 % change on previous year | -111.1% |
| 1997 | 35.31 % change on previous year | +853.1% |
| 1998 | -3.92 % change on previous year | -111.1% |
| 1999 | -4.96 % change on previous year | +26.5% |
| 2000 | 77.43 % change on previous year | -1660.0% |
| 2001 | 1.84 % change on previous year | -97.6% |
| 2002 | -52.08 % change on previous year | -2931.5% |
| 2003 | 36.8 % change on previous year | -170.7% |
| 2004 | -28.24 % change on previous year | -176.7% |
| 2005 | -36.59 % change on previous year | +29.6% |
| 2006 | 93.3 % change on previous year | -355.0% |
| 2007 | -13.54 % change on previous year | -114.5% |
| 2008 | -8.35 % change on previous year | -38.4% |
| 2009 | -8.6 % change on previous year | +3.1% |
| 2010 | 17.97 % change on previous year | -308.9% |
| 2011 | -34.22 % change on previous year | -290.4% |
| 2012 | 18.62 % change on previous year | -154.4% |
| 2013 | 5.03 % change on previous year | -73.0% |
| 2014 | -1.83 % change on previous year | -136.4% |
| 2015 | -12.07 % change on previous year | +559.6% |
| 2016 | -5.95 % change on previous year | -50.7% |
| 2017 | 37.81 % change on previous year | -735.3% |
| 2018 | -22.6 % change on previous year | -159.8% |
| 2019 | -13.7 % change on previous year | -39.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4 % change on previous year | 4 % change on previous year | 4 % change on previous year | 9 |
| 1970s | 10.44 % change on previous year | -18.72 % change on previous year | 41.04 % change on previous year | 10 |
| 1980s | -5.67 % change on previous year | -30.17 % change on previous year | 14.32 % change on previous year | 10 |
| 1990s | 3.44 % change on previous year | -33.42 % change on previous year | 51.41 % change on previous year | 10 |
| 2000s | 6.2 % change on previous year | -52.08 % change on previous year | 93.3 % change on previous year | 10 |
| 2010s | -1.09 % change on previous year | -34.22 % change on previous year | 37.81 % change on previous year | 10 |
Countries ranked near Nigeria
- 139 Barbados -12.13 % change on previous year compare
- 140 Turkey -12.41 % change on previous year compare
- 141 Mexico -13.04 % change on previous year compare
- 143 United Arab Emirates -14.36 % change on previous year compare
- 144 Montenegro -14.98 % change on previous year compare
- 145 Nicaragua -15.06 % change on previous year 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 -13.7 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross fixed capital formation, general government, constant prices recorded in Nigeria?
- The highest recorded value was 93.3 % change on previous year in 2006.
- What is the lowest gross fixed capital formation, general government, constant prices recorded in Nigeria?
- The lowest recorded value was -52.08 % change on previous year in 2002.
- How does Nigeria rank for gross fixed capital formation, general government, constant prices?
- Nigeria ranks 142nd 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 59.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation, General government, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation, General government, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation, General government, Constant prices International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross fixed capital formation, General government, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.