Adjusted savings: consumption of fixed capital in Nigeria
Nigeria: Adjusted savings: consumption of fixed capital was 48.95 billion current US$ in 2021. ◆ Volatile
Latest (2021)
48.95 billion current US$
Change on year
up 5.4%
World rank
42nd
of 206 countries
All-time high
51.12 billion current US$
in 2014
All-time low
685.68 million current US$
in 1971
Years of data
52
1970–2021
Adjusted savings: consumption of fixed capital in Nigeria, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2021, adjusted savings: consumption of fixed capital in Nigeria stood at 48.95 billion current US$.
That represents a change of up 5.4% on the previous year and up 43.1% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Nigeria peaked at 51.12 billion current US$ in 2014 and was at its lowest, 685.68 million current US$, in 1971.
Nigeria ranks 42nd of 206 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: consumption of fixed capital in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.01 billion current US$ | — |
| 1971 | 685.68 million current US$ | -32.1% |
| 1972 | 985.73 million current US$ | +43.8% |
| 1973 | 1.32 billion current US$ | +33.9% |
| 1974 | 1.93 billion current US$ | +46.3% |
| 1975 | 2.38 billion current US$ | +23.2% |
| 1976 | 3.25 billion current US$ | +36.4% |
| 1977 | 3.23 billion current US$ | -0.5% |
| 1978 | 3.36 billion current US$ | +4.0% |
| 1979 | 4.42 billion current US$ | +31.4% |
| 1980 | 6.56 billion current US$ | +48.6% |
| 1981 | 17.26 billion current US$ | +163.0% |
| 1982 | 14.66 billion current US$ | -15.1% |
| 1983 | 9.59 billion current US$ | -34.6% |
| 1984 | 6.77 billion current US$ | -29.4% |
| 1985 | 7.32 billion current US$ | +8.2% |
| 1986 | 5.45 billion current US$ | -25.5% |
| 1987 | 4.76 billion current US$ | -12.8% |
| 1988 | 4.35 billion current US$ | -8.4% |
| 1989 | 3.48 billion current US$ | -20.2% |
| 1990 | 4.21 billion current US$ | +21.1% |
| 1991 | 3.93 billion current US$ | -6.6% |
| 1992 | 3.47 billion current US$ | -11.7% |
| 1993 | 2.01 billion current US$ | -42.2% |
| 1994 | 2.53 billion current US$ | +25.8% |
| 1995 | 3.35 billion current US$ | +32.5% |
| 1996 | 3.78 billion current US$ | +12.8% |
| 1997 | 4.08 billion current US$ | +8.2% |
| 1998 | 4.06 billion current US$ | -0.6% |
| 1999 | 4.36 billion current US$ | +7.4% |
| 2000 | 4.71 billion current US$ | +8.0% |
| 2001 | 5.10 billion current US$ | +8.3% |
| 2002 | 6.30 billion current US$ | +23.5% |
| 2003 | 7.09 billion current US$ | +12.5% |
| 2004 | 9.39 billion current US$ | +32.5% |
| 2005 | 11.47 billion current US$ | +22.1% |
| 2006 | 16.83 billion current US$ | +46.8% |
| 2007 | 20.55 billion current US$ | +22.1% |
| 2008 | 24.12 billion current US$ | +17.4% |
| 2009 | 20.61 billion current US$ | -14.6% |
| 2010 | 30.65 billion current US$ | +48.7% |
| 2011 | 34.20 billion current US$ | +11.6% |
| 2012 | 38.77 billion current US$ | +13.4% |
| 2013 | 45.06 billion current US$ | +16.2% |
| 2014 | 51.12 billion current US$ | +13.4% |
| 2015 | 45.61 billion current US$ | -10.8% |
| 2016 | 36.72 billion current US$ | -19.5% |
| 2017 | 33.26 billion current US$ | -9.4% |
| 2018 | 38.57 billion current US$ | +16.0% |
| 2019 | 44.06 billion current US$ | +14.2% |
| 2020 | 46.44 billion current US$ | +5.4% |
| 2021 | 48.95 billion current US$ | +5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.26 billion current US$ | 685.68 million current US$ | 4.42 billion current US$ | 10 |
| 1980s | 8.02 billion current US$ | 3.48 billion current US$ | 17.26 billion current US$ | 10 |
| 1990s | 3.58 billion current US$ | 2.01 billion current US$ | 4.36 billion current US$ | 10 |
| 2000s | 12.62 billion current US$ | 4.71 billion current US$ | 24.12 billion current US$ | 10 |
| 2010s | 39.80 billion current US$ | 30.65 billion current US$ | 51.12 billion current US$ | 10 |
| 2020s | 47.70 billion current US$ | 46.44 billion current US$ | 48.95 billion current US$ | 2 |
Countries ranked near Nigeria
- 39 South Africa 53.38 billion current US$ compare
- 40 Portugal 49.79 billion current US$ compare
- 41 Vietnam 49.55 billion current US$ compare
- 43 Romania 44.01 billion current US$ compare
- 44 Philippines 41.32 billion current US$ compare
- 45 New Zealand 37.42 billion current US$ compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- GDP (current US$), annual growth rate 15.27 % change on previous year (2025)
- GDP (current US$), per capita 1,224 current US$ per person (2025)
- GDP (current LCU), annual growth rate 18.43 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 1,518 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 1.86 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.01 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.93 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,369 constant 2015 US$ per person (2025)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Nigeria?
- Adjusted savings: consumption of fixed capital in Nigeria was 48.95 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: consumption of fixed capital recorded in Nigeria?
- The highest recorded value was 51.12 billion current US$ in 2014.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Nigeria?
- The lowest recorded value was 685.68 million current US$ in 1971.
- How does Nigeria rank for adjusted savings: consumption of fixed capital?
- Nigeria ranks 42nd out of 206 countries with data for 2021.
- Is adjusted savings: consumption of fixed capital rising or falling in Nigeria?
- Over the last ten years it is up 43.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: consumption of fixed capital (current US$). Statizoid updates them automatically from the source API.
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About this data
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.