Gross fixed capital formation, Private … square kilometre Domestic in Nigeria
Nigeria: Gross fixed capital formation, Private … square kilometre Domestic was 0.0357 units per square kilometre in 2019. ◆ Volatile
Gross fixed capital formation, Private sector, Current prices in Nigeria, 1970–2019
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
In 2019, gross fixed capital formation, private sector, current prices in Nigeria stood at 0.0357 units per square kilometre. That is the highest value across all 50 years on record.
That represents a change of up 57.1% on the previous year and up 356.7% over ten years.
Over the whole period, gross fixed capital formation, private sector, current prices in Nigeria peaked at 0.0357 units per square kilometre in 2019 and was at its lowest, 0 units per square kilometre, in 1970.
Nigeria ranks 30th of 171 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 … square kilometre Domestic in Nigeria, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1970 | 0 units per square kilometre | — |
| 1971 | 0 units per square kilometre | +15.7% |
| 1972 | 0 units per square kilometre | +15.9% |
| 1973 | 0 units per square kilometre | +7.9% |
| 1974 | 0 units per square kilometre | +15.5% |
| 1975 | 0 units per square kilometre | +58.4% |
| 1976 | 0.0001 units per square kilometre | +62.9% |
| 1977 | 0.0001 units per square kilometre | +24.0% |
| 1978 | 0.0001 units per square kilometre | +3.3% |
| 1979 | 0.0001 units per square kilometre | -2.5% |
| 1980 | 0.0001 units per square kilometre | +14.7% |
| 1981 | 0.0001 units per square kilometre | +21.2% |
| 1982 | 0.0001 units per square kilometre | +2.9% |
| 1983 | 0.0001 units per square kilometre | -6.1% |
| 1984 | 0.0001 units per square kilometre | -18.7% |
| 1985 | 0.0001 units per square kilometre | -10.9% |
| 1986 | 0.0001 units per square kilometre | +24.9% |
| 1987 | 0.0001 units per square kilometre | +12.5% |
| 1988 | 0.0001 units per square kilometre | +12.8% |
| 1989 | 0.0002 units per square kilometre | +57.7% |
| 1990 | 0.0002 units per square kilometre | +32.7% |
| 1991 | 0.0002 units per square kilometre | +11.1% |
| 1992 | 0.0002 units per square kilometre | +11.2% |
| 1993 | 0.0004 units per square kilometre | +46.9% |
| 1994 | 0.0005 units per square kilometre | +33.2% |
| 1995 | 0.0009 units per square kilometre | +84.8% |
| 1996 | 0.0012 units per square kilometre | +31.1% |
| 1997 | 0.0012 units per square kilometre | +1.4% |
| 1998 | 0.0014 units per square kilometre | +18.1% |
| 1999 | 0.0016 units per square kilometre | +11.8% |
| 2000 | 0.0013 units per square kilometre | -19.3% |
| 2001 | 0.0008 units per square kilometre | -33.9% |
| 2002 | 0.0024 units per square kilometre | +179.9% |
| 2003 | 0.0028 units per square kilometre | +18.2% |
| 2004 | 0.0036 units per square kilometre | +29.3% |
| 2005 | 0.0052 units per square kilometre | +42.4% |
| 2006 | 0.0065 units per square kilometre | +25.7% |
| 2007 | 0.0055 units per square kilometre | -15.2% |
| 2008 | 0.0061 units per square kilometre | +10.2% |
| 2009 | 0.0078 units per square kilometre | +29.3% |
| 2010 | 0.0075 units per square kilometre | -3.8% |
| 2011 | 0.0089 units per square kilometre | +18.1% |
| 2012 | 0.0089 units per square kilometre | +0.3% |
| 2013 | 0.01 units per square kilometre | +12.4% |
| 2014 | 0.0123 units per square kilometre | +22.6% |
| 2015 | 0.0131 units per square kilometre | +6.6% |
| 2016 | 0.014 units per square kilometre | +6.7% |
| 2017 | 0.0145 units per square kilometre | +3.5% |
| 2018 | 0.0227 units per square kilometre | +57.4% |
| 2019 | 0.0357 units per square kilometre | +57.1% |
Nigeria compared with similar countries
- Nigeria's 0.0357 units per square kilometre is above the median for lower middle income countries, which is 0.0044 units per square kilometre, 8.1× the median. (41 countries reporting)
- Nigeria's 0.0357 units per square kilometre is above the median for Sub-Saharan Africa, which is 0.0036 units per square kilometre, 9.9× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation, Private … square kilometre 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 | +179.9% | 0.0008 units per square kilometre | 0.0024 units per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 units per square kilometre | 0 units per square kilometre | 0.0001 units per square kilometre | 10 |
| 1980s | 0.0001 units per square kilometre | 0.0001 units per square kilometre | 0.0002 units per square kilometre | 10 |
| 1990s | 0.0008 units per square kilometre | 0.0002 units per square kilometre | 0.0016 units per square kilometre | 10 |
| 2000s | 0.0042 units per square kilometre | 0.0008 units per square kilometre | 0.0078 units per square kilometre | 10 |
| 2010s | 0.0148 units per square kilometre | 0.0075 units per square kilometre | 0.0357 units per square kilometre | 10 |
Countries ranked near Nigeria
- 27 Myanmar 0.0407 units per square kilometre compare
- 28 Sierra Leone 0.04 units per square kilometre compare
- 29 Mauritius 0.0363 units per square kilometre compare
- 31 Armenia 0.0296 units per square kilometre compare
- 32 Burundi 0.028 units per square kilometre compare
- 33 Comoros 0.0265 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, current prices in Nigeria?
- Gross fixed capital formation, private sector, current prices in Nigeria was 0.0357 units per square kilometre 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 0.0357 units per square kilometre 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 square kilometre in 1970.
- How does Nigeria rank for gross fixed capital formation, private sector, current prices?
- Nigeria ranks 30th out of 171 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 356.7%. 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 square kilometre. 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 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, Current prices, Domestic currency ÷ Land area (sq. km)
Computed from
- Gross fixed capital formation, Private sector, Current 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, Current prices, Domestic currency 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.