Gross fixed capital formation, General government, Constant prices in Nigeria
Nigeria: Gross fixed capital formation, General government, Constant prices was 11.9 in 2019. ▼ Falling
Latest (2019)
11.9
Change on year
down 13.7%
World rank
56th
of 173 countries
All-time high
47.74
in 1981
All-time low
11.64
in 1960
Years of data
60
1960–2019
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 government, Constant prices 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% |
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
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 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.
Download this data
CSV · JSON — 60 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.