Gross fixed capital formation, General … General Purchasing in Nigeria
Nigeria: Gross fixed capital formation, General … General Purchasing was 11.9 in 2019. ▼ Falling
Gross fixed capital formation, General government, Constant prices in Nigeria, 1960–2019
Source: International Monetary Fund.
Analysis
Nigeria recorded 11.9 for gross fixed capital formation, general government, constant prices in 2019.
That represents a change of down 13.7% on the previous year and down 27.8% over ten years.
Over the whole period, gross fixed capital formation, general government, constant prices in Nigeria peaked at 47.74 in 1981 and was at its lowest, 11.64, in 1960.
That places Nigeria 56th out of 173 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 60 years of available data.
Gross fixed capital formation, General … General Purchasing in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 11.64 | — |
| 1961 | 12.1 | +4.0% |
| 1962 | 12.59 | +4.0% |
| 1963 | 13.09 | +4.0% |
| 1964 | 13.61 | +4.0% |
| 1965 | 14.16 | +4.0% |
| 1966 | 14.72 | +4.0% |
| 1967 | 15.31 | +4.0% |
| 1968 | 15.92 | +4.0% |
| 1969 | 16.56 | +4.0% |
| 1970 | 17.98 | +8.5% |
| 1971 | 19.46 | +8.3% |
| 1972 | 21.45 | +10.2% |
| 1973 | 25.18 | +17.4% |
| 1974 | 20.46 | -18.7% |
| 1975 | 27.48 | +34.3% |
| 1976 | 38.76 | +41.0% |
| 1977 | 45.65 | +17.8% |
| 1978 | 44.78 | -1.9% |
| 1979 | 39.21 | -12.4% |
| 1980 | 41.76 | +6.5% |
| 1981 | 47.74 | +14.3% |
| 1982 | 38.98 | -18.3% |
| 1983 | 30.83 | -20.9% |
| 1984 | 21.53 | -30.2% |
| 1985 | 18.24 | -15.3% |
| 1986 | 18.28 | +0.2% |
| 1987 | 17.14 | -6.2% |
| 1988 | 18.28 | +6.7% |
| 1989 | 19.48 | +6.5% |
| 1990 | 18.25 | -6.3% |
| 1991 | 17.1 | -6.3% |
| 1992 | 25.89 | +51.4% |
| 1993 | 26.26 | +1.4% |
| 1994 | 25.59 | -2.6% |
| 1995 | 17.04 | -33.4% |
| 1996 | 17.67 | +3.7% |
| 1997 | 23.91 | +35.3% |
| 1998 | 22.97 | -3.9% |
| 1999 | 21.83 | -5.0% |
| 2000 | 38.73 | +77.4% |
| 2001 | 39.45 | +1.8% |
| 2002 | 18.9 | -52.1% |
| 2003 | 25.86 | +36.8% |
| 2004 | 18.56 | -28.2% |
| 2005 | 11.77 | -36.6% |
| 2006 | 22.75 | +93.3% |
| 2007 | 19.67 | -13.5% |
| 2008 | 18.03 | -8.3% |
| 2009 | 16.48 | -8.6% |
| 2010 | 19.44 | +18.0% |
| 2011 | 12.79 | -34.2% |
| 2012 | 15.17 | +18.6% |
| 2013 | 15.93 | +5.0% |
| 2014 | 15.64 | -1.8% |
| 2015 | 13.75 | -12.1% |
| 2016 | 12.93 | -6.0% |
| 2017 | 17.82 | +37.8% |
| 2018 | 13.79 | -22.6% |
| 2019 | 11.9 | -13.7% |
Nigeria compared with similar countries
- Nigeria's 11.9 is above the median for lower middle income countries, which is 2.23, 5.3× the median. (41 countries reporting)
- Nigeria's 11.9 is above the median for Sub-Saharan Africa, which is 1.17, 10.2× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.97 | 11.64 | 16.56 | 10 |
| 1970s | 30.04 | 17.98 | 45.65 | 10 |
| 1980s | 27.23 | 17.14 | 47.74 | 10 |
| 1990s | 21.65 | 17.04 | 26.26 | 10 |
| 2000s | 23.02 | 11.77 | 39.45 | 10 |
| 2010s | 14.92 | 11.9 | 19.44 | 10 |
Countries ranked near Nigeria
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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 11.9 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 47.74 in 1981.
- What is the lowest gross fixed capital formation, general government, constant prices recorded in Nigeria?
- The lowest recorded value was 11.64 in 1960.
- How does Nigeria rank for gross fixed capital formation, general government, constant prices?
- Nigeria ranks 56th 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 27.8%. The long-run trend across the full record is falling.
- 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, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. 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.