Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Nigeria
Nigeria: Gross Fixed Capital Formation — Value US$, 2015 prices, per capita was 0.0003 million USD per person in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
Nigeria recorded 0.0003 million USD per person for gross fixed capital formation — value us$, 2015 prices, per capita in 2024.
That represents a change of down 0.9% on the previous year and down 14.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, per capita in Nigeria peaked at 0.0015 million USD per person in 1977 and was at its lowest, 0.0003 million USD per person, in 2021.
That places Nigeria 160th out of 194 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Nigeria, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1970 | 0.0007 million USD per person | — |
| 1971 | 0.0008 million USD per person | +5.8% |
| 1972 | 0.0008 million USD per person | +7.6% |
| 1973 | 0.001 million USD per person | +14.5% |
| 1974 | 0.0008 million USD per person | -20.8% |
| 1975 | 0.001 million USD per person | +30.6% |
| 1976 | 0.0014 million USD per person | +37.0% |
| 1977 | 0.0015 million USD per person | +14.3% |
| 1978 | 0.0015 million USD per person | -4.9% |
| 1979 | 0.0013 million USD per person | -15.1% |
| 1980 | 0.0013 million USD per person | +3.2% |
| 1981 | 0.0014 million USD per person | +10.9% |
| 1982 | 0.0011 million USD per person | -20.7% |
| 1983 | 0.0009 million USD per person | -22.9% |
| 1984 | 0.0006 million USD per person | -31.9% |
| 1985 | 0.0005 million USD per person | -17.7% |
| 1986 | 0.0005 million USD per person | -2.5% |
| 1987 | 0.0004 million USD per person | -8.7% |
| 1988 | 0.0005 million USD per person | +3.9% |
| 1989 | 0.0005 million USD per person | +3.7% |
| 1990 | 0.0005 million USD per person | +10.8% |
| 1991 | 0.0005 million USD per person | -3.8% |
| 1992 | 0.0005 million USD per person | -2.1% |
| 1993 | 0.0005 million USD per person | +4.7% |
| 1994 | 0.0005 million USD per person | -5.0% |
| 1995 | 0.0004 million USD per person | -9.1% |
| 1996 | 0.0005 million USD per person | +4.0% |
| 1997 | 0.0005 million USD per person | +3.1% |
| 1998 | 0.0005 million USD per person | -1.2% |
| 1999 | 0.0005 million USD per person | +0.0% |
| 2000 | 0.0005 million USD per person | +4.5% |
| 2001 | 0.0004 million USD per person | -25.8% |
| 2002 | 0.0004 million USD per person | +7.2% |
| 2003 | 0.0005 million USD per person | +18.1% |
| 2004 | 0.0004 million USD per person | -22.1% |
| 2005 | 0.0004 million USD per person | -0.5% |
| 2006 | 0.0005 million USD per person | +36.6% |
| 2007 | 0.0004 million USD per person | -24.0% |
| 2008 | 0.0004 million USD per person | -5.3% |
| 2009 | 0.0004 million USD per person | +6.9% |
| 2010 | 0.0004 million USD per person | +1.1% |
| 2011 | 0.0003 million USD per person | -10.8% |
| 2012 | 0.0003 million USD per person | -0.3% |
| 2013 | 0.0004 million USD per person | +5.0% |
| 2014 | 0.0004 million USD per person | +10.5% |
| 2015 | 0.0004 million USD per person | -1.9% |
| 2016 | 0.0003 million USD per person | -9.1% |
| 2017 | 0.0003 million USD per person | -5.2% |
| 2018 | 0.0004 million USD per person | +7.2% |
| 2019 | 0.0004 million USD per person | +5.9% |
| 2020 | 0.0003 million USD per person | -9.5% |
| 2021 | 0.0003 million USD per person | -5.4% |
| 2022 | 0.0003 million USD per person | +1.2% |
| 2023 | 0.0003 million USD per person | +4.4% |
| 2024 | 0.0003 million USD per person | -0.9% |
Nigeria compared with similar countries
- Nigeria's 0.0003 million USD per person is below the median for lower middle income countries, which is 0.0005 million USD per person, 69% of the median. (44 countries reporting)
- Nigeria's 0.0003 million USD per person is above the median for Sub-Saharan Africa, which is 0.0003 million USD per person, 1.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0011 million USD per person | 0.0007 million USD per person | 0.0015 million USD per person | 10 |
| 1980s | 0.0008 million USD per person | 0.0004 million USD per person | 0.0014 million USD per person | 10 |
| 1990s | 0.0005 million USD per person | 0.0004 million USD per person | 0.0005 million USD per person | 10 |
| 2000s | 0.0004 million USD per person | 0.0004 million USD per person | 0.0005 million USD per person | 10 |
| 2010s | 0.0004 million USD per person | 0.0003 million USD per person | 0.0004 million USD per person | 10 |
| 2020s | 0.0003 million USD per person | 0.0003 million USD per person | 0.0003 million USD per person | 5 |
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)
- 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices, per capita in Nigeria?
- Gross fixed capital formation — value us$, 2015 prices, per capita in Nigeria was 0.0003 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, per capita recorded in Nigeria?
- The highest recorded value was 0.0015 million USD per person in 1977.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, per capita recorded in Nigeria?
- The lowest recorded value was 0.0003 million USD per person in 2021.
- How does Nigeria rank for gross fixed capital formation — value us$, 2015 prices, per capita?
- Nigeria ranks 160th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices, per capita rising or falling in Nigeria?
- Over the last ten years it is down 14.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, 2015 prices, per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Fixed Capital Formation — Value US$, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value US$, 2015 prices ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Fixed Capital Formation — Value US$, 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.