Gross fixed capital formation, Private sector, Constant … unit GDP in Nigeria
Nigeria: Gross fixed capital formation, Private sector, Constant … unit GDP was 0 units per US$ of GDP in 2019. ◆ Volatile
Gross fixed capital formation, Private sector, Constant prices in Nigeria, 1960–2019
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
The most recent figure for gross fixed capital formation, private sector, constant prices in Nigeria is 0 units per US$ of GDP, measured in 2019.
That represents a change of down 26.5% on the previous year and down 33.1% over ten years.
Over the whole period, gross fixed capital formation, private sector, constant prices in Nigeria peaked at 0 units per US$ of GDP in 1968 and was at its lowest, 0 units per US$ of GDP, in 2013.
That places Nigeria 158th out of 171 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, Private sector, Constant … unit GDP in Nigeria, year by year
| Year | units per US$ of GDP | Change |
|---|---|---|
| 1960 | 0 units per US$ of GDP | — |
| 1961 | 0 units per US$ of GDP | -2.3% |
| 1962 | 0 units per US$ of GDP | -5.4% |
| 1963 | 0 units per US$ of GDP | -1.2% |
| 1964 | 0 units per US$ of GDP | -3.3% |
| 1965 | 0 units per US$ of GDP | -1.7% |
| 1966 | 0 units per US$ of GDP | -4.0% |
| 1967 | 0 units per US$ of GDP | +27.3% |
| 1968 | 0 units per US$ of GDP | +4.0% |
| 1969 | 0 units per US$ of GDP | -18.5% |
| 1970 | 0 units per US$ of GDP | -42.6% |
| 1971 | 0 units per US$ of GDP | +47.9% |
| 1972 | 0 units per US$ of GDP | -17.6% |
| 1973 | 0 units per US$ of GDP | -5.0% |
| 1974 | 0 units per US$ of GDP | -50.4% |
| 1975 | 0 units per US$ of GDP | +20.1% |
| 1976 | 0 units per US$ of GDP | +7.9% |
| 1977 | 0 units per US$ of GDP | +18.7% |
| 1978 | 0 units per US$ of GDP | -3.2% |
| 1979 | 0 units per US$ of GDP | -32.3% |
| 1980 | 0 units per US$ of GDP | -21.6% |
| 1981 | 0 units per US$ of GDP | -55.4% |
| 1982 | 0 units per US$ of GDP | -5.9% |
| 1983 | 0 units per US$ of GDP | +16.3% |
| 1984 | 0 units per US$ of GDP | -7.7% |
| 1985 | 0 units per US$ of GDP | -15.6% |
| 1986 | 0 units per US$ of GDP | +34.9% |
| 1987 | 0 units per US$ of GDP | -2.4% |
| 1988 | 0 units per US$ of GDP | +13.2% |
| 1989 | 0 units per US$ of GDP | +20.2% |
| 1990 | 0 units per US$ of GDP | +1.9% |
| 1991 | 0 units per US$ of GDP | -8.4% |
| 1992 | 0 units per US$ of GDP | -8.0% |
| 1993 | 0 units per US$ of GDP | +2.8% |
| 1994 | 0 units per US$ of GDP | -31.1% |
| 1995 | 0 units per US$ of GDP | -36.5% |
| 1996 | 0 units per US$ of GDP | -18.0% |
| 1997 | 0 units per US$ of GDP | -12.6% |
| 1998 | 0 units per US$ of GDP | -4.1% |
| 1999 | 0 units per US$ of GDP | +293.5% |
| 2000 | 0 units per US$ of GDP | -35.4% |
| 2001 | 0 units per US$ of GDP | -53.9% |
| 2002 | 0 units per US$ of GDP | +91.8% |
| 2003 | 0 units per US$ of GDP | +4.2% |
| 2004 | 0 units per US$ of GDP | -35.0% |
| 2005 | 0 units per US$ of GDP | -7.9% |
| 2006 | 0 units per US$ of GDP | -5.6% |
| 2007 | 0 units per US$ of GDP | -35.6% |
| 2008 | 0 units per US$ of GDP | -18.3% |
| 2009 | 0 units per US$ of GDP | +34.3% |
| 2010 | 0 units per US$ of GDP | -19.6% |
| 2011 | 0 units per US$ of GDP | -11.0% |
| 2012 | 0 units per US$ of GDP | -11.6% |
| 2013 | 0 units per US$ of GDP | -3.1% |
| 2014 | 0 units per US$ of GDP | +6.3% |
| 2015 | 0 units per US$ of GDP | +20.4% |
| 2016 | 0 units per US$ of GDP | +13.4% |
| 2017 | 0 units per US$ of GDP | -3.5% |
| 2018 | 0 units per US$ of GDP | +6.0% |
| 2019 | 0 units per US$ of GDP | -26.5% |
Nigeria compared with similar countries
- Nigeria's 0 units per US$ of GDP is below the median for lower middle income countries, which is 0 units per US$ of GDP, 49% of the median. (41 countries reporting)
- Nigeria's 0 units per US$ of GDP is below the median for Sub-Saharan Africa, which is 0 units per US$ of GDP, 58% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation, Private sector, Constant … unit 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 |
|---|---|---|---|
| 1999 | +293.5% | 0 units per US$ of GDP | 0 units per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 1970s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 1980s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 1990s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2000s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2010s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
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, private sector, constant prices in Nigeria?
- Gross fixed capital formation, private sector, constant prices in Nigeria was 0 units per US$ of GDP in 2019, according to Statizoid (derived).
- What is the highest gross fixed capital formation, private sector, constant prices recorded in Nigeria?
- The highest recorded value was 0 units per US$ of GDP in 1968.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Nigeria?
- The lowest recorded value was 0 units per US$ of GDP in 2013.
- How does Nigeria rank for gross fixed capital formation, private sector, constant prices?
- Nigeria ranks 158th out of 171 countries with data for 2019.
- Is gross fixed capital formation, private sector, constant prices rising or falling in Nigeria?
- Over the last ten years it is down 33.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017 divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017 ÷ GDP (current US$)
Computed from
- Gross fixed capital formation, Private sector, Constant prices International Monetary Fund
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017 divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.