Gross fixed capital … General government Domestic annual growth rate in Nigeria
Nigeria: Gross fixed capital … General government Domestic annual growth rate 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 … General government Domestic annual growth rate 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% |
Nigeria compared with similar countries
- Nigeria's 16.4 % change on previous year is above the median for lower middle income countries, which is 5.11 % change on previous year, 3.2× the median. (41 countries reporting)
- Nigeria's 16.4 % change on previous year is above the median for Sub-Saharan Africa, which is 9.46 % change on previous year, 1.7× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital … General government Domestic annual growth rate in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +28032.2% | -0.3205 % change on previous year | 89.52 % change on previous year |
| 1992 | +3452.7% | 3.07 % change on previous year | 109.19 % change on previous year |
| 2010 | +967.3% | 1.26 % change on previous year | 13.49 % change on previous year |
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 15.35 % change on previous year compare
More public sector data for Nigeria
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 21.00 million SIPRI trend indicator values (2025)
- 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)
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.
Download this data
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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.