Gross fixed capital formation, General government, Current prices in Nigeria
Nigeria: Gross fixed capital formation, General government, Current prices was 16.4 % change on previous year in 2019. ◆ Volatile
Gross fixed capital formation, General government, Current prices in Nigeria, 1971–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2019, gross fixed capital formation, general government, current prices in Nigeria stood at 16.4 % change on previous year.
That represents a change of up 581.2% on the previous year and up 1,197.4% over ten years.
Over the whole period, gross fixed capital formation, general government, current prices in Nigeria peaked at 109.19 % change on previous year in 1992 and was at its lowest, -45.87 % change on previous year, in 2002.
Nigeria ranks 44th of 174 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, General government, Current prices in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 15.66 % change on previous year | — |
| 1972 | 15.93 % change on previous year | +1.7% |
| 1973 | 7.89 % change on previous year | -50.5% |
| 1974 | 15.48 % change on previous year | +96.1% |
| 1975 | 58.4 % change on previous year | +277.2% |
| 1976 | 62.86 % change on previous year | +7.6% |
| 1977 | 23.96 % change on previous year | -61.9% |
| 1978 | 3.32 % change on previous year | -86.1% |
| 1979 | -2.54 % change on previous year | -176.3% |
| 1980 | 14.69 % change on previous year | -679.4% |
| 1981 | 21.24 % change on previous year | +44.5% |
| 1982 | 2.87 % change on previous year | -86.5% |
| 1983 | -6.11 % change on previous year | -313.1% |
| 1984 | -18.69 % change on previous year | +205.7% |
| 1985 | -10.88 % change on previous year | -41.8% |
| 1986 | 24.92 % change on previous year | -329.1% |
| 1987 | 12.49 % change on previous year | -49.9% |
| 1988 | 12.77 % change on previous year | +2.2% |
| 1989 | 57.68 % change on previous year | +351.8% |
| 1990 | -0.6105 % change on previous year | -101.1% |
| 1991 | 3.07 % change on previous year | -603.5% |
| 1992 | 109.19 % change on previous year | +3452.7% |
| 1993 | 32.99 % change on previous year | -69.8% |
| 1994 | 32.94 % change on previous year | -0.1% |
| 1995 | 10.56 % change on previous year | -67.9% |
| 1996 | 25.84 % change on previous year | +144.6% |
| 1997 | 45.2 % change on previous year | +74.9% |
| 1998 | 8.76 % change on previous year | -80.6% |
| 1999 | -0.3205 % change on previous year | -103.7% |
| 2000 | 89.52 % change on previous year | -28032.2% |
| 2001 | 37.37 % change on previous year | -58.3% |
| 2002 | -45.87 % change on previous year | -222.7% |
| 2003 | 40.77 % change on previous year | -188.9% |
| 2004 | 10.08 % change on previous year | -75.3% |
| 2005 | -24.28 % change on previous year | -340.8% |
| 2006 | 89.58 % change on previous year | -469.0% |
| 2007 | -2.55 % change on previous year | -102.8% |
| 2008 | 1.33 % change on previous year | -152.3% |
| 2009 | 1.26 % change on previous year | -5.1% |
| 2010 | 13.49 % change on previous year | +967.3% |
| 2011 | -22.73 % change on previous year | -268.4% |
| 2012 | 20.16 % change on previous year | -188.7% |
| 2013 | 8.7 % change on previous year | -56.8% |
| 2014 | 2.52 % change on previous year | -71.1% |
| 2015 | -9.29 % change on previous year | -469.1% |
| 2016 | 7.8 % change on previous year | -184.0% |
| 2017 | 59.08 % change on previous year | +657.3% |
| 2018 | 2.41 % change on previous year | -95.9% |
| 2019 | 16.4 % change on previous year | +581.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.33 % change on previous year | -2.54 % change on previous year | 62.86 % change on previous year | 9 |
| 1980s | 11.1 % change on previous year | -18.69 % change on previous year | 57.68 % change on previous year | 10 |
| 1990s | 26.76 % change on previous year | -0.6105 % change on previous year | 109.19 % change on previous year | 10 |
| 2000s | 19.72 % change on previous year | -45.87 % change on previous year | 89.58 % change on previous year | 10 |
| 2010s | 9.85 % change on previous year | -22.73 % change on previous year | 59.08 % change on previous year | 10 |
Countries ranked near Nigeria
- 41 Uganda 18.7 % change on previous year compare
- 42 Saint Kitts and Nevis 18.52 % change on previous year compare
- 43 Algeria 17.7 % change on previous year compare
- 45 Cambodia 16.23 % change on previous year compare
- 46 Ethiopia 15.81 % change on previous year compare
- 47 Tanzania, United Republic of 15.35 % 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, current prices in Nigeria?
- Gross fixed capital formation, general government, current prices in Nigeria was 16.4 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross fixed capital formation, general government, current prices recorded in Nigeria?
- The highest recorded value was 109.19 % change on previous year in 1992.
- What is the lowest gross fixed capital formation, general government, current prices recorded in Nigeria?
- The lowest recorded value was -45.87 % change on previous year in 2002.
- How does Nigeria rank for gross fixed capital formation, general government, current prices?
- Nigeria ranks 44th out of 174 countries with data for 2019.
- Is gross fixed capital formation, general government, current prices rising or falling in Nigeria?
- Over the last ten years it is up 1,197.4%. 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, Current prices, Domestic currency, 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, Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation, General government, Current 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, Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.