Adjusted savings: consumption of fixed capital in Nigeria
Nigeria: Adjusted savings: consumption of fixed capital was 11.5% in 2021. ▬ Flat
Adjusted savings: consumption of fixed capital in Nigeria, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: consumption of fixed capital in Nigeria stood at 11.5%. That is the highest value across all 52 years on record.
The figure is up 3.6% on the previous year and up 32.2% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Nigeria peaked at 11.5% in 2021 and was at its lowest, 7.1%, in 2005.
Nigeria ranks 119th of 204 countries on this measure, in the middle of the range.
Adjusted savings: consumption of fixed capital in Nigeria, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 8.4% | — |
| 1971 | 8.1% | -3.7% |
| 1972 | 8.7% | +8.1% |
| 1973 | 9.4% | +7.6% |
| 1974 | 8.1% | -14.0% |
| 1975 | 8.8% | +8.9% |
| 1976 | 9.2% | +4.4% |
| 1977 | 9.1% | -1.0% |
| 1978 | 9.2% | +2.0% |
| 1979 | 9.4% | +1.8% |
| 1980 | 10.7% | +14.2% |
| 1981 | 10.6% | -1.4% |
| 1982 | 10.3% | -2.3% |
| 1983 | 9.9% | -3.9% |
| 1984 | 9.3% | -6.4% |
| 1985 | 10.1% | +8.2% |
| 1986 | 10.2% | +1.5% |
| 1987 | 9.5% | -7.4% |
| 1988 | 8.9% | -6.3% |
| 1989 | 8.3% | -6.4% |
| 1990 | 8.2% | -0.8% |
| 1991 | 8.4% | +2.4% |
| 1992 | 7.7% | -8.1% |
| 1993 | 7.9% | +2.1% |
| 1994 | 8.0% | +1.5% |
| 1995 | 8.0% | -0.3% |
| 1996 | 7.7% | -3.4% |
| 1997 | 7.8% | +1.2% |
| 1998 | 7.8% | +0.3% |
| 1999 | 7.5% | -3.9% |
| 2000 | 7.4% | -1.2% |
| 2001 | 7.4% | -0.3% |
| 2002 | 7.1% | -4.5% |
| 2003 | 7.3% | +3.1% |
| 2004 | 7.5% | +2.1% |
| 2005 | 7.1% | -5.3% |
| 2006 | 7.2% | +1.9% |
| 2007 | 7.7% | +7.2% |
| 2008 | 7.4% | -3.6% |
| 2009 | 7.4% | -1.2% |
| 2010 | 8.8% | +20.0% |
| 2011 | 8.7% | -1.0% |
| 2012 | 8.8% | +0.5% |
| 2013 | 9.1% | +3.8% |
| 2014 | 9.2% | +1.0% |
| 2015 | 9.5% | +3.2% |
| 2016 | 9.3% | -2.4% |
| 2017 | 9.1% | -1.5% |
| 2018 | 9.6% | +5.0% |
| 2019 | 10.2% | +6.0% |
| 2020 | 11.2% | +9.7% |
| 2021 | 11.5% | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.8% | 8.1% | 9.4% | 10 |
| 1980s | 9.8% | 8.3% | 10.7% | 10 |
| 1990s | 7.9% | 7.5% | 8.4% | 10 |
| 2000s | 7.3% | 7.1% | 7.7% | 10 |
| 2010s | 9.2% | 8.7% | 10.2% | 10 |
| 2020s | 11.4% | 11.2% | 11.5% | 2 |
Countries ranked near Nigeria
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Nigeria?
- Adjusted savings: consumption of fixed capital in Nigeria was 11.5% 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 11.5% in 2021.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Nigeria?
- The lowest recorded value was 7.1% in 2005.
- How does Nigeria rank for adjusted savings: consumption of fixed capital?
- Nigeria ranks 119th out of 204 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 32.2%. The long-run trend across the full record is flat.
- 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 (% of GNI). 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.