Gross fixed capital formation, Private sector, Constant prices in Nigeria
Nigeria: Gross fixed capital formation, Private sector, Constant prices was 86.77 in 2019. ▲ Rising
Gross fixed capital formation, Private sector, Constant prices in Nigeria, 1960–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross fixed capital formation, private sector, constant prices in Nigeria is 86.77, measured in 2019. That is the highest value across all 60 years on record.
Compared with earlier readings it 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 86.77 in 2019 and was at its lowest, 17.85, in 2001.
Nigeria ranks 39th of 173 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Gross fixed capital formation, Private sector, Constant prices in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 20.51 | — |
| 1961 | 21.33 | +4.0% |
| 1962 | 22.18 | +4.0% |
| 1963 | 23.07 | +4.0% |
| 1964 | 23.99 | +4.0% |
| 1965 | 24.95 | +4.0% |
| 1966 | 25.95 | +4.0% |
| 1967 | 26.99 | +4.0% |
| 1968 | 28.07 | +4.0% |
| 1969 | 29.19 | +4.0% |
| 1970 | 31.68 | +8.5% |
| 1971 | 34.3 | +8.3% |
| 1972 | 37.8 | +10.2% |
| 1973 | 44.37 | +17.4% |
| 1974 | 36.07 | -18.7% |
| 1975 | 48.43 | +34.3% |
| 1976 | 68.31 | +41.0% |
| 1977 | 80.46 | +17.8% |
| 1978 | 78.92 | -1.9% |
| 1979 | 69.11 | -12.4% |
| 1980 | 73.6 | +6.5% |
| 1981 | 84.13 | +14.3% |
| 1982 | 68.7 | -18.3% |
| 1983 | 54.34 | -20.9% |
| 1984 | 37.95 | -30.2% |
| 1985 | 32.14 | -15.3% |
| 1986 | 32.21 | +0.2% |
| 1987 | 30.21 | -6.2% |
| 1988 | 32.23 | +6.7% |
| 1989 | 34.33 | +6.5% |
| 1990 | 42.97 | +25.2% |
| 1991 | 43.37 | +0.9% |
| 1992 | 34.89 | -19.6% |
| 1993 | 39.1 | +12.1% |
| 1994 | 38.16 | -2.4% |
| 1995 | 42.48 | +11.3% |
| 1996 | 45.89 | +8.0% |
| 1997 | 43.37 | -5.5% |
| 1998 | 45.24 | +4.3% |
| 1999 | 48.21 | +6.6% |
| 2000 | 36.41 | -24.5% |
| 2001 | 17.85 | -51.0% |
| 2002 | 44.23 | +147.8% |
| 2003 | 50.79 | +14.8% |
| 2004 | 42.81 | -15.7% |
| 2005 | 51.04 | +19.2% |
| 2006 | 65.43 | +28.2% |
| 2007 | 49.2 | -24.8% |
| 2008 | 49.05 | -0.3% |
| 2009 | 57.26 | +16.7% |
| 2010 | 57.26 | -0.0% |
| 2011 | 57.58 | +0.6% |
| 2012 | 57 | -1.0% |
| 2013 | 61.91 | +8.6% |
| 2014 | 72.65 | +17.4% |
| 2015 | 75.08 | +3.3% |
| 2016 | 69.86 | -6.9% |
| 2017 | 62.62 | -10.4% |
| 2018 | 74.48 | +18.9% |
| 2019 | 86.77 | +16.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.62 | 20.51 | 29.19 | 10 |
| 1970s | 52.94 | 31.68 | 80.46 | 10 |
| 1980s | 47.98 | 30.21 | 84.13 | 10 |
| 1990s | 42.37 | 34.89 | 48.21 | 10 |
| 2000s | 46.41 | 17.85 | 65.43 | 10 |
| 2010s | 67.52 | 57 | 86.77 | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 15.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9765 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,196 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.88 constant 2015 US$ 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 86.77 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, private sector, constant prices recorded in Nigeria?
- The highest recorded value was 86.77 in 2019.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Nigeria?
- The lowest recorded value was 17.85 in 2001.
- How does Nigeria rank for gross fixed capital formation, private sector, constant prices?
- Nigeria ranks 39th out of 173 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 International Monetary Fund, published as part of Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
Download this data
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.