Gross fixed capital formation, General government, Current prices in Nigeria
Nigeria: Gross fixed capital formation, General government, Current prices was 4,465 in 2019. ◆ Volatile
Gross fixed capital formation, General government, Current prices in Nigeria, 1970–2019
Source: International Monetary Fund.
Analysis
Nigeria recorded 4,465 for gross fixed capital formation, general government, current prices in 2019. That is the highest value across all 50 years on record.
That represents a change of up 16.4% on the previous year and up 117.8% over ten years.
Over the whole period, gross fixed capital formation, general government, current prices in Nigeria peaked at 4,465 in 2019 and was at its lowest, 6.03, in 1970.
Nigeria ranks 18th of 174 countries on this measure, in the top 10%.
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 | Value | Change |
|---|---|---|
| 1970 | 6.03 | — |
| 1971 | 6.97 | +15.7% |
| 1972 | 8.08 | +15.9% |
| 1973 | 8.72 | +7.9% |
| 1974 | 10.07 | +15.5% |
| 1975 | 15.95 | +58.4% |
| 1976 | 25.97 | +62.9% |
| 1977 | 32.19 | +24.0% |
| 1978 | 33.26 | +3.3% |
| 1979 | 32.42 | -2.5% |
| 1980 | 37.18 | +14.7% |
| 1981 | 45.08 | +21.2% |
| 1982 | 46.37 | +2.9% |
| 1983 | 43.53 | -6.1% |
| 1984 | 35.4 | -18.7% |
| 1985 | 31.55 | -10.9% |
| 1986 | 39.41 | +24.9% |
| 1987 | 44.33 | +12.5% |
| 1988 | 49.99 | +12.8% |
| 1989 | 78.82 | +57.7% |
| 1990 | 78.34 | -0.6% |
| 1991 | 80.75 | +3.1% |
| 1992 | 168.93 | +109.2% |
| 1993 | 224.65 | +33.0% |
| 1994 | 298.66 | +32.9% |
| 1995 | 330.2 | +10.6% |
| 1996 | 415.53 | +25.8% |
| 1997 | 603.37 | +45.2% |
| 1998 | 656.22 | +8.8% |
| 1999 | 654.12 | -0.3% |
| 2000 | 1,240 | +89.5% |
| 2001 | 1,703 | +37.4% |
| 2002 | 921.81 | -45.9% |
| 2003 | 1,298 | +40.8% |
| 2004 | 1,428 | +10.1% |
| 2005 | 1,082 | -24.3% |
| 2006 | 2,051 | +89.6% |
| 2007 | 1,998 | -2.5% |
| 2008 | 2,025 | +1.3% |
| 2009 | 2,051 | +1.3% |
| 2010 | 2,327 | +13.5% |
| 2011 | 1,798 | -22.7% |
| 2012 | 2,161 | +20.2% |
| 2013 | 2,349 | +8.7% |
| 2014 | 2,408 | +2.5% |
| 2015 | 2,184 | -9.3% |
| 2016 | 2,355 | +7.8% |
| 2017 | 3,746 | +59.1% |
| 2018 | 3,836 | +2.4% |
| 2019 | 4,465 | +16.4% |
Nigeria compared with similar countries
- Nigeria's 4,465 is above the median for lower middle income countries, which is 215.65, 20.7× the median. (41 countries reporting)
- Nigeria's 4,465 is above the median for Sub-Saharan Africa, which is 187.36, 23.8× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.96 | 6.03 | 33.26 | 10 |
| 1980s | 45.17 | 31.55 | 78.82 | 10 |
| 1990s | 351.08 | 78.34 | 656.22 | 10 |
| 2000s | 1,580 | 921.81 | 2,051 | 10 |
| 2010s | 2,763 | 1,798 | 4,465 | 10 |
Countries ranked near Nigeria
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 4,465 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, general government, current prices recorded in Nigeria?
- The highest recorded value was 4,465 in 2019.
- What is the lowest gross fixed capital formation, general government, current prices recorded in Nigeria?
- The lowest recorded value was 6.03 in 1970.
- How does Nigeria rank for gross fixed capital formation, general government, current prices?
- Nigeria ranks 18th 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 117.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, General government, Current prices, Domestic currency. 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.