Nigeria vs Philippines: Gross Fixed Capital Formation — Value Standard Local Currency, annual
Nigeria
8.71 % change on previous year
in 2024
Philippines
8.48 % change on previous year
in 2024
Nigeria rank
61st
Philippines rank
64th
Gross Fixed Capital Formation — Value Standard Local Currency, annual over time
- Nigeria
- Philippines
How they compare
Nigeria currently reports 8.71 % change on previous year against 8.48 % change on previous year in Philippines, a difference of 0.23 % change on previous year.
The two have swapped places 25 times across 54 shared years of data; in 1971 it was Philippines ahead.
Nigeria ranks 61st and Philippines ranks 64th of 230 countries.
Across the 6 decades both report, Nigeria averaged higher in 4 and Philippines in 2.
Head to head by decade
| Decade | Nigeria | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 22.33 % change on previous year | 26.58 % change on previous year | 4.25 % change on previous year | Philippines |
| 1980s | 11.1 % change on previous year | 14.28 % change on previous year | 3.18 % change on previous year | Philippines |
| 1990s | 26.29 % change on previous year | 11.56 % change on previous year | 14.73 % change on previous year | Nigeria |
| 2000s | 16.71 % change on previous year | 9.99 % change on previous year | 6.72 % change on previous year | Nigeria |
| 2010s | 15.59 % change on previous year | 13.18 % change on previous year | 2.41 % change on previous year | Nigeria |
| 2020s | 20.56 % change on previous year | 4.87 % change on previous year | 15.7 % change on previous year | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation — value standard local currency, annual, Nigeria or Philippines?
- Nigeria, at 8.71 % change on previous year against 8.48 % change on previous year in Philippines as of 2024.
- What is the difference in gross fixed capital formation — value standard local currency, annual between Nigeria and Philippines?
- 0.23 % change on previous year, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Philippines?
- 54 years are reported by both, from 1971 to 2024.
- How do Nigeria and Philippines rank globally for gross fixed capital formation — value standard local currency, annual?
- Nigeria ranks 61st and Philippines ranks 64th of 230 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross Fixed Capital Formation — Value Standard Local Currency, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.