Gross fixed capital formation, Private sector … capita Domestic in Nigeria
Nigeria: Gross fixed capital formation, Private sector … capita Domestic was 0.0002 units per person in 2019. ◆ Volatile
Gross fixed capital formation, Private sector, Current prices in Nigeria, 1970–2019
Source: Statizoid (derived). Measured in units per person.
Analysis
The most recent figure for gross fixed capital formation, private sector, current prices in Nigeria is 0.0002 units per person, measured in 2019. That is the highest value across all 50 years on record.
That represents a change of up 53.7% on the previous year and up 253.3% over ten years.
Over the whole period, gross fixed capital formation, private sector, current prices in Nigeria peaked at 0.0002 units per person in 2019 and was at its lowest, 0 units per person, in 1970.
Nigeria ranks 35th of 172 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, Private sector … capita Domestic in Nigeria, year by year
| Year | units per person | Change |
|---|---|---|
| 1970 | 0 units per person | — |
| 1971 | 0 units per person | +13.0% |
| 1972 | 0 units per person | +13.2% |
| 1973 | 0 units per person | +5.2% |
| 1974 | 0 units per person | +12.5% |
| 1975 | 0 units per person | +54.1% |
| 1976 | 0 units per person | +58.3% |
| 1977 | 0 units per person | +20.3% |
| 1978 | 0 units per person | +0.2% |
| 1979 | 0 units per person | -5.5% |
| 1980 | 0 units per person | +11.2% |
| 1981 | 0 units per person | +17.6% |
| 1982 | 0 units per person | -0.2% |
| 1983 | 0 units per person | -8.5% |
| 1984 | 0 units per person | -20.8% |
| 1985 | 0 units per person | -13.4% |
| 1986 | 0 units per person | +21.6% |
| 1987 | 0 units per person | +9.5% |
| 1988 | 0 units per person | +9.8% |
| 1989 | 0 units per person | +53.5% |
| 1990 | 0 units per person | +29.2% |
| 1991 | 0 units per person | +8.2% |
| 1992 | 0 units per person | +8.3% |
| 1993 | 0 units per person | +43.1% |
| 1994 | 0 units per person | +29.7% |
| 1995 | 0 units per person | +80.0% |
| 1996 | 0 units per person | +27.7% |
| 1997 | 0 units per person | -1.2% |
| 1998 | 0 units per person | +15.0% |
| 1999 | 0 units per person | +8.9% |
| 2000 | 0 units per person | -21.5% |
| 2001 | 0 units per person | -35.6% |
| 2002 | 0 units per person | +172.3% |
| 2003 | 0 units per person | +14.9% |
| 2004 | 0 units per person | +25.8% |
| 2005 | 0 units per person | +38.5% |
| 2006 | 0 units per person | +22.3% |
| 2007 | 0 units per person | -17.5% |
| 2008 | 0 units per person | +7.2% |
| 2009 | 0 units per person | +25.8% |
| 2010 | 0 units per person | -6.5% |
| 2011 | 0 units per person | +14.9% |
| 2012 | 0 units per person | -2.5% |
| 2013 | 0.0001 units per person | +9.4% |
| 2014 | 0.0001 units per person | +19.4% |
| 2015 | 0.0001 units per person | +3.9% |
| 2016 | 0.0001 units per person | +4.1% |
| 2017 | 0.0001 units per person | +1.0% |
| 2018 | 0.0001 units per person | +53.8% |
| 2019 | 0.0002 units per person | +53.7% |
Nigeria compared with similar countries
- Nigeria's 0.0002 units per person is above the median for lower middle income countries, which is 0 units per person, 4.7× the median. (41 countries reporting)
- Nigeria's 0.0002 units per person is above the median for Sub-Saharan Africa, which is 0.0001 units per person, 2.6× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation, Private sector … capita Domestic 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 | +172.3% | 0 units per person | 0 units per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 units per person | 0 units per person | 0 units per person | 10 |
| 1980s | 0 units per person | 0 units per person | 0 units per person | 10 |
| 1990s | 0 units per person | 0 units per person | 0 units per person | 10 |
| 2000s | 0 units per person | 0 units per person | 0 units per person | 10 |
| 2010s | 0.0001 units per person | 0 units per person | 0.0002 units per person | 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, current prices in Nigeria?
- Gross fixed capital formation, private sector, current prices in Nigeria was 0.0002 units per person in 2019, according to Statizoid (derived).
- What is the highest gross fixed capital formation, private sector, current prices recorded in Nigeria?
- The highest recorded value was 0.0002 units per person in 2019.
- What is the lowest gross fixed capital formation, private sector, current prices recorded in Nigeria?
- The lowest recorded value was 0 units per person in 1970.
- How does Nigeria rank for gross fixed capital formation, private sector, current prices?
- Nigeria ranks 35th out of 172 countries with data for 2019.
- Is gross fixed capital formation, private sector, current prices rising or falling in Nigeria?
- Over the last ten years it is up 253.3%. 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, Current prices, Domestic currency, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 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, Current prices, Domestic currency divided by Population, total, 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, Current prices, Domestic currency ÷ Population, total
Computed from
- Gross fixed capital formation, Private sector, Current prices International Monetary Fund
- Population, total World Population Prospects, United Nations (UN)
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, Current prices, Domestic currency divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.