Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Nigeria
Nigeria: Gross Fixed Capital Formation Deflator — Value US$, 2015 prices was 77.66 USD in 2024. ◆ Volatile
Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Nigeria, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
The most recent figure for gross fixed capital formation deflator — value us$, 2015 prices in Nigeria is 77.66 USD, measured in 2024.
Compared with earlier readings it is down 54.6% on the previous year and down 34.0% over ten years.
Over the whole period, gross fixed capital formation deflator — value us$, 2015 prices in Nigeria peaked at 259.81 USD in 1984 and was at its lowest, 37.36 USD, in 1996.
Nigeria ranks 189th of 203 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Nigeria, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 56.85 USD | — |
| 1971 | 60.85 USD | +7.0% |
| 1972 | 69.36 USD | +14.0% |
| 1973 | 63.76 USD | -8.1% |
| 1974 | 94.55 USD | +48.3% |
| 1975 | 114.2 USD | +20.8% |
| 1976 | 129.53 USD | +13.4% |
| 1977 | 132.49 USD | +2.3% |
| 1978 | 141.64 USD | +6.9% |
| 1979 | 165.79 USD | +17.1% |
| 1980 | 197.26 USD | +19.0% |
| 1981 | 185.18 USD | -6.1% |
| 1982 | 213.96 USD | +15.5% |
| 1983 | 236.11 USD | +10.4% |
| 1984 | 259.81 USD | +10.0% |
| 1985 | 234.44 USD | -9.8% |
| 1986 | 148.86 USD | -36.5% |
| 1987 | 78.02 USD | -47.6% |
| 1988 | 73 USD | -6.4% |
| 1989 | 66.57 USD | -8.8% |
| 1990 | 64.67 USD | -2.8% |
| 1991 | 57.73 USD | -10.7% |
| 1992 | 45.69 USD | -20.9% |
| 1993 | 46.97 USD | +2.8% |
| 1994 | 39.57 USD | -15.8% |
| 1995 | 38.24 USD | -3.3% |
| 1996 | 37.36 USD | -2.3% |
| 1997 | 38.82 USD | +3.9% |
| 1998 | 41.92 USD | +8.0% |
| 1999 | 39.31 USD | -6.2% |
| 2000 | 38.12 USD | -3.0% |
| 2001 | 47.01 USD | +23.3% |
| 2002 | 48.99 USD | +4.2% |
| 2003 | 47.04 USD | -4.0% |
| 2004 | 70.16 USD | +49.2% |
| 2005 | 84.81 USD | +20.9% |
| 2006 | 84.87 USD | +0.1% |
| 2007 | 97.83 USD | +15.3% |
| 2008 | 114.77 USD | +17.3% |
| 2009 | 101.26 USD | -11.8% |
| 2010 | 96.5 USD | -4.7% |
| 2011 | 110.73 USD | +14.7% |
| 2012 | 109.58 USD | -1.0% |
| 2013 | 113.54 USD | +3.6% |
| 2014 | 117.64 USD | +3.6% |
| 2015 | 100 USD | -15.0% |
| 2016 | 87.02 USD | -13.0% |
| 2017 | 83.26 USD | -4.3% |
| 2018 | 110.06 USD | +32.2% |
| 2019 | 148.07 USD | +34.5% |
| 2020 | 168.8 USD | +14.0% |
| 2021 | 206.29 USD | +22.2% |
| 2022 | 210.38 USD | +2.0% |
| 2023 | 170.94 USD | -18.7% |
| 2024 | 77.66 USD | -54.6% |
Nigeria compared with similar countries
- Nigeria's 77.66 USD is below the median for lower middle income countries, which is 106.65 USD, 73% of the median. (41 countries reporting)
- Nigeria's 77.66 USD is below the median for Sub-Saharan Africa, which is 114.03 USD, 68% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 102.9 USD | 56.85 USD | 165.79 USD | 10 |
| 1980s | 169.32 USD | 66.57 USD | 259.81 USD | 10 |
| 1990s | 45.03 USD | 37.36 USD | 64.67 USD | 10 |
| 2000s | 73.49 USD | 38.12 USD | 114.77 USD | 10 |
| 2010s | 107.64 USD | 83.26 USD | 148.07 USD | 10 |
| 2020s | 166.82 USD | 77.66 USD | 210.38 USD | 5 |
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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0107 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation deflator — value us$, 2015 prices in Nigeria?
- Gross fixed capital formation deflator — value us$, 2015 prices in Nigeria was 77.66 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 259.81 USD in 1984.
- What is the lowest gross fixed capital formation deflator — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 37.36 USD in 1996.
- How does Nigeria rank for gross fixed capital formation deflator — value us$, 2015 prices?
- Nigeria ranks 189th out of 203 countries with data for 2024.
- Is gross fixed capital formation deflator — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is down 34.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).