Gross fixed capital formation … Private square kilometre Purchasing in Nigeria
Nigeria: Gross fixed capital formation … Private square kilometre Purchasing was 0.0001 units per square kilometre in 2019. ▲ Rising
Gross fixed capital formation, Private sector, Constant prices in Nigeria, 1961–2019
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
The most recent figure for gross fixed capital formation, private sector, constant prices in Nigeria is 0.0001 units per square kilometre, measured in 2019. That is the highest value across all 59 years on record.
The figure is up 16.5% on the previous year and up 51.5% over ten years.
Over the whole period, gross fixed capital formation, private sector, constant prices in Nigeria peaked at 0.0001 units per square kilometre in 2019 and was at its lowest, 0 units per square kilometre, in 2001.
Nigeria ranks 91st of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 59 years of available data.
Gross fixed capital formation … Private square kilometre Purchasing in Nigeria, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1961 | 0 units per square kilometre | — |
| 1962 | 0 units per square kilometre | +4.0% |
| 1963 | 0 units per square kilometre | +4.0% |
| 1964 | 0 units per square kilometre | +4.0% |
| 1965 | 0 units per square kilometre | +4.0% |
| 1966 | 0 units per square kilometre | +4.0% |
| 1967 | 0 units per square kilometre | +4.0% |
| 1968 | 0 units per square kilometre | +4.0% |
| 1969 | 0 units per square kilometre | +4.0% |
| 1970 | 0 units per square kilometre | +8.5% |
| 1971 | 0 units per square kilometre | +8.3% |
| 1972 | 0 units per square kilometre | +10.2% |
| 1973 | 0 units per square kilometre | +17.4% |
| 1974 | 0 units per square kilometre | -18.7% |
| 1975 | 0.0001 units per square kilometre | +34.3% |
| 1976 | 0.0001 units per square kilometre | +41.0% |
| 1977 | 0.0001 units per square kilometre | +17.8% |
| 1978 | 0.0001 units per square kilometre | -1.9% |
| 1979 | 0.0001 units per square kilometre | -12.4% |
| 1980 | 0.0001 units per square kilometre | +6.5% |
| 1981 | 0.0001 units per square kilometre | +14.3% |
| 1982 | 0.0001 units per square kilometre | -18.3% |
| 1983 | 0.0001 units per square kilometre | -20.9% |
| 1984 | 0 units per square kilometre | -30.2% |
| 1985 | 0 units per square kilometre | -15.3% |
| 1986 | 0 units per square kilometre | +0.2% |
| 1987 | 0 units per square kilometre | -6.2% |
| 1988 | 0 units per square kilometre | +6.7% |
| 1989 | 0 units per square kilometre | +6.5% |
| 1990 | 0 units per square kilometre | +25.2% |
| 1991 | 0 units per square kilometre | +0.9% |
| 1992 | 0 units per square kilometre | -19.6% |
| 1993 | 0 units per square kilometre | +12.1% |
| 1994 | 0 units per square kilometre | -2.4% |
| 1995 | 0 units per square kilometre | +11.3% |
| 1996 | 0.0001 units per square kilometre | +8.0% |
| 1997 | 0 units per square kilometre | -5.5% |
| 1998 | 0 units per square kilometre | +4.3% |
| 1999 | 0.0001 units per square kilometre | +6.6% |
| 2000 | 0 units per square kilometre | -24.5% |
| 2001 | 0 units per square kilometre | -51.0% |
| 2002 | 0 units per square kilometre | +147.8% |
| 2003 | 0.0001 units per square kilometre | +14.8% |
| 2004 | 0 units per square kilometre | -15.7% |
| 2005 | 0.0001 units per square kilometre | +19.2% |
| 2006 | 0.0001 units per square kilometre | +28.2% |
| 2007 | 0.0001 units per square kilometre | -24.8% |
| 2008 | 0.0001 units per square kilometre | -0.3% |
| 2009 | 0.0001 units per square kilometre | +16.7% |
| 2010 | 0.0001 units per square kilometre | -0.0% |
| 2011 | 0.0001 units per square kilometre | +0.6% |
| 2012 | 0.0001 units per square kilometre | -1.0% |
| 2013 | 0.0001 units per square kilometre | +8.6% |
| 2014 | 0.0001 units per square kilometre | +17.4% |
| 2015 | 0.0001 units per square kilometre | +3.3% |
| 2016 | 0.0001 units per square kilometre | -6.9% |
| 2017 | 0.0001 units per square kilometre | -10.4% |
| 2018 | 0.0001 units per square kilometre | +18.9% |
| 2019 | 0.0001 units per square kilometre | +16.5% |
Nigeria compared with similar countries
- Nigeria's 0.0001 units per square kilometre is above the median for lower middle income countries, which is 0 units per square kilometre, 2.3× the median. (41 countries reporting)
- Nigeria's 0.0001 units per square kilometre is above the median for Sub-Saharan Africa, which is 0 units per square kilometre, 3.8× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation … Private square kilometre Purchasing 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 |
|---|---|---|---|
| 2002 | +147.8% | 0 units per square kilometre | 0 units per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 units per square kilometre | 0 units per square kilometre | 0 units per square kilometre | 9 |
| 1970s | 0.0001 units per square kilometre | 0 units per square kilometre | 0.0001 units per square kilometre | 10 |
| 1980s | 0.0001 units per square kilometre | 0 units per square kilometre | 0.0001 units per square kilometre | 10 |
| 1990s | 0 units per square kilometre | 0 units per square kilometre | 0.0001 units per square kilometre | 10 |
| 2000s | 0.0001 units per square kilometre | 0 units per square kilometre | 0.0001 units per square kilometre | 10 |
| 2010s | 0.0001 units per square kilometre | 0.0001 units per square kilometre | 0.0001 units per square kilometre | 10 |
Countries ranked near Nigeria
- 88 Comoros 0.0001 units per square kilometre compare
- 89 Pakistan 0.0001 units per square kilometre compare
- 90 Armenia 0.0001 units per square kilometre compare
- 92 Ukraine 0.0001 units per square kilometre compare
- 93 Iran 0.0001 units per square kilometre compare
- 94 Rwanda 0.0001 units per square kilometre 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)
- 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 0.0001 units per square kilometre 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 0.0001 units per square kilometre in 2019.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Nigeria?
- The lowest recorded value was 0 units per square kilometre in 2001.
- How does Nigeria rank for gross fixed capital formation, private sector, constant prices?
- Nigeria ranks 91st out of 170 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 up 51.5%. The long-run trend across the full record is rising.
- 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Gross fixed capital formation, Private sector, Constant prices International Monetary Fund
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.