Gross capital formation, Percent of GDP in Nigeria
Nigeria: Gross capital formation, Percent of GDP was 19.68 in 2031. ▲ Rising
Gross capital formation, Percent of GDP in Nigeria, 1990–2031
Source: International Monetary Fund.
Analysis
In 2031, gross capital formation, percent of gdp in Nigeria stood at 19.68.
Compared with earlier readings it is up 1.9% on the previous year and up 2.3% over ten years.
Over the whole period, gross capital formation, percent of gdp in Nigeria peaked at 21.06 in 2020 and was at its lowest, 10.69, in 2012.
Nigeria ranks 23rd of 26 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Gross capital formation, Percent of GDP in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 12.21 | — |
| 1991 | 12.66 | +3.7% |
| 1992 | 12.84 | +1.4% |
| 1993 | 13.01 | +1.3% |
| 1994 | 12.63 | -2.9% |
| 1995 | 12.7 | +0.5% |
| 1996 | 12.51 | -1.5% |
| 1997 | 12.58 | +0.6% |
| 1998 | 12.76 | +1.4% |
| 1999 | 12.89 | +1.0% |
| 2000 | 11.36 | -11.8% |
| 2001 | 12.34 | +8.6% |
| 2002 | 13.01 | +5.5% |
| 2003 | 12.57 | -3.4% |
| 2004 | 11.87 | -5.6% |
| 2005 | 11.71 | -1.3% |
| 2006 | 11.76 | +0.4% |
| 2007 | 12 | +2.0% |
| 2008 | 12.07 | +0.6% |
| 2009 | 12.44 | +3.1% |
| 2010 | 12.39 | -0.4% |
| 2011 | 11.67 | -5.8% |
| 2012 | 10.69 | -8.4% |
| 2013 | 10.69 | +0.0% |
| 2014 | 11.36 | +6.3% |
| 2015 | 11.2 | -1.4% |
| 2016 | 11.12 | -0.8% |
| 2017 | 11.1 | -0.1% |
| 2018 | 14.16 | +27.6% |
| 2019 | 20.38 | +43.9% |
| 2020 | 21.06 | +3.3% |
| 2021 | 19.23 | -8.7% |
| 2022 | 18.1 | -5.9% |
| 2023 | 17.55 | -3.0% |
| 2024 | 16.78 | -4.4% |
| 2025 | 17.65 | +5.1% |
| 2026 | 20.62 | +16.8% |
| 2027 | 20.85 | +1.2% |
| 2028 | 19.23 | -7.8% |
| 2029 | 16.92 | -12.0% |
| 2030 | 19.3 | +14.1% |
| 2031 | 19.68 | +1.9% |
Nigeria compared with similar countries
- Nigeria's 19.68 is above the median for lower middle income countries, which is 19.68, 1.0× the median. (5 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation, Percent of GDP 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 |
|---|---|---|---|
| 2019 | +43.9% | 14.16 | 20.38 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.68 | 12.21 | 13.01 | 10 |
| 2000s | 12.11 | 11.36 | 13.01 | 10 |
| 2010s | 12.48 | 10.69 | 20.38 | 10 |
| 2020s | 18.8 | 16.78 | 21.06 | 10 |
| 2030s | 19.49 | 19.3 | 19.68 | 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 gross capital formation, percent of gdp in Nigeria?
- Gross capital formation, percent of gdp in Nigeria was 19.68 in 2031, according to International Monetary Fund.
- What is the highest gross capital formation, percent of gdp recorded in Nigeria?
- The highest recorded value was 21.06 in 2020.
- What is the lowest gross capital formation, percent of gdp recorded in Nigeria?
- The lowest recorded value was 10.69 in 2012.
- How does Nigeria rank for gross capital formation, percent of gdp?
- Nigeria ranks 23rd out of 26 countries with data for 2031.
- Is gross capital formation, percent of gdp rising or falling in Nigeria?
- Over the last ten years it is up 2.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Gross capital formation, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.