Gross Fixed Capital Formation — Value US$, 2015 prices in Nigeria
Nigeria: Gross Fixed Capital Formation — Value US$, 2015 prices was 78,450 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Nigeria, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Nigeria recorded 78,450 million USD for gross fixed capital formation — value us$, 2015 prices in 2024.
Compared with earlier readings it is up 1.1% on the previous year and up 7.6% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Nigeria peaked at 108,864 million USD in 1981 and was at its lowest, 39,085 million USD, in 1987.
Nigeria ranks 40th of 219 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 68,506 million USD | 40,995 million USD | 104,105 million USD | 10 |
| 1980s | 62,087 million USD | 39,085 million USD | 108,864 million USD | 10 |
| 1990s | 52,850 million USD | 49,132 million USD | 57,818 million USD | 10 |
| 2000s | 57,314 million USD | 47,300 million USD | 72,793 million USD | 10 |
| 2010s | 67,801 million USD | 58,093 million USD | 78,916 million USD | 10 |
| 2020s | 74,439 million USD | 70,441 million USD | 78,450 million USD | 5 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Inflation of consumer prices 23.01 (2025)
- Gdp per capita worldbank constant usd 2,369 (2025)
- Manufacturing value added to gdp 8.26 (2025)
- Gdp worldbank constant usd 562.59 billion (2025)
- Gdp per capita in international and market dollars 2,369 (2025)
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Nigeria?
- Gross fixed capital formation — value us$, 2015 prices in Nigeria was 78,450 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 108,864 million USD in 1981.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 39,085 million USD in 1987.
- How does Nigeria rank for gross fixed capital formation — value us$, 2015 prices?
- Nigeria ranks 40th out of 219 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).