Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Nigeria
Nigeria: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 0.0649 million SLC per person in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency, 2015 in Nigeria is 0.0649 million SLC per person, measured in 2024.
The figure is down 0.9% on the previous year and down 14.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Nigeria peaked at 0.298 million SLC per person in 1977 and was at its lowest, 0.062 million SLC per person, in 2021.
Nigeria ranks 62nd of 194 countries on this measure, 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 | million SLC per person | Change |
|---|---|---|
| 1970 | 0.1411 million SLC per person | — |
| 1971 | 0.1493 million SLC per person | +5.8% |
| 1972 | 0.1606 million SLC per person | +7.6% |
| 1973 | 0.1839 million SLC per person | +14.5% |
| 1974 | 0.1456 million SLC per person | -20.8% |
| 1975 | 0.1902 million SLC per person | +30.6% |
| 1976 | 0.2606 million SLC per person | +37.0% |
| 1977 | 0.298 million SLC per person | +14.3% |
| 1978 | 0.2834 million SLC per person | -4.9% |
| 1979 | 0.2407 million SLC per person | -15.1% |
| 1980 | 0.2484 million SLC per person | +3.2% |
| 1981 | 0.2754 million SLC per person | +10.9% |
| 1982 | 0.2183 million SLC per person | -20.7% |
| 1983 | 0.1682 million SLC per person | -22.9% |
| 1984 | 0.1145 million SLC per person | -31.9% |
| 1985 | 0.0943 million SLC per person | -17.7% |
| 1986 | 0.0919 million SLC per person | -2.5% |
| 1987 | 0.084 million SLC per person | -8.7% |
| 1988 | 0.0872 million SLC per person | +3.9% |
| 1989 | 0.0904 million SLC per person | +3.7% |
| 1990 | 0.1002 million SLC per person | +10.8% |
| 1991 | 0.0963 million SLC per person | -3.8% |
| 1992 | 0.0943 million SLC per person | -2.1% |
| 1993 | 0.0988 million SLC per person | +4.7% |
| 1994 | 0.0938 million SLC per person | -5.0% |
| 1995 | 0.0853 million SLC per person | -9.1% |
| 1996 | 0.0888 million SLC per person | +4.0% |
| 1997 | 0.0915 million SLC per person | +3.1% |
| 1998 | 0.0904 million SLC per person | -1.2% |
| 1999 | 0.0904 million SLC per person | +0.0% |
| 2000 | 0.0945 million SLC per person | +4.5% |
| 2001 | 0.0701 million SLC per person | -25.8% |
| 2002 | 0.0751 million SLC per person | +7.2% |
| 2003 | 0.0888 million SLC per person | +18.1% |
| 2004 | 0.0691 million SLC per person | -22.1% |
| 2005 | 0.0688 million SLC per person | -0.5% |
| 2006 | 0.094 million SLC per person | +36.6% |
| 2007 | 0.0714 million SLC per person | -24.0% |
| 2008 | 0.0676 million SLC per person | -5.3% |
| 2009 | 0.0723 million SLC per person | +6.9% |
| 2010 | 0.0731 million SLC per person | +1.1% |
| 2011 | 0.0652 million SLC per person | -10.8% |
| 2012 | 0.0651 million SLC per person | -0.3% |
| 2013 | 0.0683 million SLC per person | +5.0% |
| 2014 | 0.0755 million SLC per person | +10.5% |
| 2015 | 0.074 million SLC per person | -1.9% |
| 2016 | 0.0673 million SLC per person | -9.1% |
| 2017 | 0.0638 million SLC per person | -5.2% |
| 2018 | 0.0684 million SLC per person | +7.2% |
| 2019 | 0.0725 million SLC per person | +5.9% |
| 2020 | 0.0656 million SLC per person | -9.5% |
| 2021 | 0.062 million SLC per person | -5.4% |
| 2022 | 0.0628 million SLC per person | +1.2% |
| 2023 | 0.0655 million SLC per person | +4.4% |
| 2024 | 0.0649 million SLC per person | -0.9% |
Nigeria compared with similar countries
- Nigeria's 0.0649 million SLC per person is above the median for lower middle income countries, which is 0.0322 million SLC per person, 2.0× the median. (44 countries reporting)
- Nigeria's 0.0649 million SLC per person is above the median for Sub-Saharan Africa, which is 0.0609 million SLC per person, 1.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2053 million SLC per person | 0.1411 million SLC per person | 0.298 million SLC per person | 10 |
| 1980s | 0.1473 million SLC per person | 0.084 million SLC per person | 0.2754 million SLC per person | 10 |
| 1990s | 0.093 million SLC per person | 0.0853 million SLC per person | 0.1002 million SLC per person | 10 |
| 2000s | 0.0772 million SLC per person | 0.0676 million SLC per person | 0.0945 million SLC per person | 10 |
| 2010s | 0.0693 million SLC per person | 0.0638 million SLC per person | 0.0755 million SLC per person | 10 |
| 2020s | 0.0642 million SLC per person | 0.062 million SLC per person | 0.0656 million SLC per person | 5 |
Countries ranked near Nigeria
- 59 Niger 0.0744 million SLC per person compare
- 60 Syria 0.0706 million SLC per person compare
- 61 Malawi 0.0659 million SLC per person compare
- 63 Central African Republic 0.0609 million SLC per person compare
- 64 Bangladesh 0.0577 million SLC per person compare
- 65 Thailand 0.0531 million SLC per person 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 0.0649 million SLC per person 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 0.298 million SLC per person in 1977.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Nigeria?
- The lowest recorded value was 0.062 million SLC per person in 2021.
- How does Nigeria rank for gross fixed capital formation — value standard local currency, 2015?
- Nigeria ranks 62nd out of 194 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 14.0%. 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, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices 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 — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.