Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Nigeria
Nigeria: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 1.14 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Nigeria, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Nigeria stood at 1.14 % change on previous year.
The figure is down 82.6% on the previous year and down 91.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Nigeria peaked at 41.04 % change on previous year in 1976 and was at its lowest, -30.17 % change on previous year, in 1984.
That places Nigeria 157th out of 222 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.26 % change on previous year | — |
| 1972 | 10.2 % change on previous year | +23.5% |
| 1973 | 17.38 % change on previous year | +70.4% |
| 1974 | -18.72 % change on previous year | -207.7% |
| 1975 | 34.28 % change on previous year | -283.2% |
| 1976 | 41.04 % change on previous year | +19.7% |
| 1977 | 17.79 % change on previous year | -56.7% |
| 1978 | -1.91 % change on previous year | -110.8% |
| 1979 | -12.43 % change on previous year | +549.4% |
| 1980 | 6.49 % change on previous year | -152.2% |
| 1981 | 14.32 % change on previous year | +120.7% |
| 1982 | -18.34 % change on previous year | -228.1% |
| 1983 | -20.91 % change on previous year | +14.0% |
| 1984 | -30.17 % change on previous year | +44.3% |
| 1985 | -15.29 % change on previous year | -49.3% |
| 1986 | 0.2188 % change on previous year | -101.4% |
| 1987 | -6.23 % change on previous year | -2947.3% |
| 1988 | 6.68 % change on previous year | -207.3% |
| 1989 | 6.52 % change on previous year | -2.5% |
| 1990 | 13.8 % change on previous year | +111.8% |
| 1991 | -1.24 % change on previous year | -109.0% |
| 1992 | 0.513 % change on previous year | -141.4% |
| 1993 | 7.53 % change on previous year | +1368.6% |
| 1994 | -2.46 % change on previous year | -132.6% |
| 1995 | -6.64 % change on previous year | +170.2% |
| 1996 | 6.79 % change on previous year | -202.3% |
| 1997 | 5.85 % change on previous year | -13.9% |
| 1998 | 1.39 % change on previous year | -76.2% |
| 1999 | 2.68 % change on previous year | +92.1% |
| 2000 | 7.29 % change on previous year | +172.2% |
| 2001 | -23.75 % change on previous year | -426.0% |
| 2002 | 10.19 % change on previous year | -142.9% |
| 2003 | 21.41 % change on previous year | +110.0% |
| 2004 | -19.94 % change on previous year | -193.1% |
| 2005 | 2.34 % change on previous year | -111.7% |
| 2006 | 40.39 % change on previous year | +1624.2% |
| 2007 | -21.9 % change on previous year | -154.2% |
| 2008 | -2.6 % change on previous year | -88.1% |
| 2009 | 9.92 % change on previous year | -481.6% |
| 2010 | 4.01 % change on previous year | -59.6% |
| 2011 | -8.25 % change on previous year | -305.5% |
| 2012 | 2.55 % change on previous year | -130.9% |
| 2013 | 7.87 % change on previous year | +208.3% |
| 2014 | 13.43 % change on previous year | +70.7% |
| 2015 | 0.6103 % change on previous year | -95.5% |
| 2016 | -6.79 % change on previous year | -1213.3% |
| 2017 | -2.84 % change on previous year | -58.1% |
| 2018 | 9.74 % change on previous year | -442.5% |
| 2019 | 8.29 % change on previous year | -14.9% |
| 2020 | -7.55 % change on previous year | -191.1% |
| 2021 | -3.45 % change on previous year | -54.4% |
| 2022 | 3.33 % change on previous year | -196.5% |
| 2023 | 6.57 % change on previous year | +97.5% |
| 2024 | 1.14 % change on previous year | -82.6% |
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, 2015 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 |
|---|---|---|---|
| 1987 | -2947.3% | 0.2188 % change on previous year | -6.23 % change on previous year |
| 2006 | +1624.2% | 2.34 % change on previous year | 40.39 % change on previous year |
| 1993 | +1368.6% | 0.513 % change on previous year | 7.53 % change on previous year |
| 2016 | -1213.3% | 0.6103 % change on previous year | -6.79 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.66 % change on previous year | -18.72 % change on previous year | 41.04 % change on previous year | 9 |
| 1980s | -5.67 % change on previous year | -30.17 % change on previous year | 14.32 % change on previous year | 10 |
| 1990s | 2.82 % change on previous year | -6.64 % change on previous year | 13.8 % change on previous year | 10 |
| 2000s | 2.34 % change on previous year | -23.75 % change on previous year | 40.39 % change on previous year | 10 |
| 2010s | 2.86 % change on previous year | -8.25 % change on previous year | 13.43 % change on previous year | 10 |
| 2020s | 0.0075 % change on previous year | -7.55 % change on previous year | 6.57 % change on previous year | 5 |
Countries ranked near Nigeria
- 154 Belgium 1.43 % change on previous year compare
- 155 Curacao 1.27 % change on previous year compare
- 155 Curaçao 1.27 % change on previous year compare
- 158 Cambodia 0.933 % change on previous year compare
- 159 Cook Islands 0.9175 % change on previous year compare
- 160 Grenada 0.7657 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Nigeria?
- Gross fixed capital formation — value standard local currency, 2015 in Nigeria was 1.14 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Nigeria?
- The highest recorded value was 41.04 % change on previous year in 1976.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Nigeria?
- The lowest recorded value was -30.17 % change on previous year in 1984.
- How does Nigeria rank for gross fixed capital formation — value standard local currency, 2015?
- Nigeria ranks 157th out of 222 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Nigeria?
- Over the last ten years it is down 91.5%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.