Gross Fixed Capital Formation — Value US$, per capita in Nigeria
Nigeria: Gross Fixed Capital Formation — Value US$, per capita was 0.0003 million USD per person in 2024. ◆ Volatile
Latest (2024)
0.0003 million USD per person
Change on year
down 55.0%
World rank
166th
of 194 countries
All-time high
0.0027 million USD per person
in 1981
All-time low
0.0002 million USD per person
in 1995
Years of data
55
1970–2024
Gross Fixed Capital Formation — Value US$, per capita in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
Nigeria recorded 0.0003 million USD per person for gross fixed capital formation — value us$, per capita in 2024.
Compared with earlier readings it is down 55.0% on the previous year and down 43.2% over ten years.
Over the whole period, gross fixed capital formation — value us$, per capita in Nigeria peaked at 0.0027 million USD per person in 1981 and was at its lowest, 0.0002 million USD per person, in 1995.
Nigeria ranks 166th of 194 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, per capita in Nigeria, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1970 | 0.0004 million USD per person | — |
| 1971 | 0.0005 million USD per person | +13.2% |
| 1972 | 0.0006 million USD per person | +22.6% |
| 1973 | 0.0006 million USD per person | +5.2% |
| 1974 | 0.0007 million USD per person | +17.4% |
| 1975 | 0.0011 million USD per person | +57.8% |
| 1976 | 0.0018 million USD per person | +55.4% |
| 1977 | 0.0021 million USD per person | +16.9% |
| 1978 | 0.0021 million USD per person | +1.7% |
| 1979 | 0.0021 million USD per person | -0.6% |
| 1980 | 0.0025 million USD per person | +22.8% |
| 1981 | 0.0027 million USD per person | +4.1% |
| 1982 | 0.0024 million USD per person | -8.4% |
| 1983 | 0.0021 million USD per person | -15.0% |
| 1984 | 0.0015 million USD per person | -25.1% |
| 1985 | 0.0011 million USD per person | -25.7% |
| 1986 | 0.0007 million USD per person | -38.1% |
| 1987 | 0.0003 million USD per person | -52.1% |
| 1988 | 0.0003 million USD per person | -2.8% |
| 1989 | 0.0003 million USD per person | -5.4% |
| 1990 | 0.0003 million USD per person | +7.6% |
| 1991 | 0.0003 million USD per person | -14.1% |
| 1992 | 0.0002 million USD per person | -22.5% |
| 1993 | 0.0002 million USD per person | +7.6% |
| 1994 | 0.0002 million USD per person | -20.0% |
| 1995 | 0.0002 million USD per person | -12.1% |
| 1996 | 0.0002 million USD per person | +1.6% |
| 1997 | 0.0002 million USD per person | +7.2% |
| 1998 | 0.0002 million USD per person | +6.7% |
| 1999 | 0.0002 million USD per person | -6.2% |
| 2000 | 0.0002 million USD per person | +1.3% |
| 2001 | 0.0002 million USD per person | -8.5% |
| 2002 | 0.0002 million USD per person | +11.7% |
| 2003 | 0.0002 million USD per person | +13.4% |
| 2004 | 0.0003 million USD per person | +16.2% |
| 2005 | 0.0003 million USD per person | +20.3% |
| 2006 | 0.0004 million USD per person | +36.7% |
| 2007 | 0.0004 million USD per person | -12.4% |
| 2008 | 0.0004 million USD per person | +11.1% |
| 2009 | 0.0004 million USD per person | -5.7% |
| 2010 | 0.0004 million USD per person | -3.6% |
| 2011 | 0.0004 million USD per person | +2.4% |
| 2012 | 0.0004 million USD per person | -1.3% |
| 2013 | 0.0004 million USD per person | +8.8% |
| 2014 | 0.0005 million USD per person | +14.5% |
| 2015 | 0.0004 million USD per person | -16.6% |
| 2016 | 0.0003 million USD per person | -20.9% |
| 2017 | 0.0003 million USD per person | -9.3% |
| 2018 | 0.0004 million USD per person | +41.7% |
| 2019 | 0.0006 million USD per person | +42.5% |
| 2020 | 0.0006 million USD per person | +3.2% |
| 2021 | 0.0007 million USD per person | +15.6% |
| 2022 | 0.0007 million USD per person | +3.2% |
| 2023 | 0.0006 million USD per person | -15.2% |
| 2024 | 0.0003 million USD per person | -55.0% |
Nigeria compared with similar countries
- Nigeria's 0.0003 million USD per person is below the median for lower middle income countries, which is 0.0006 million USD per person, 47% of the median. (44 countries reporting)
- Nigeria's 0.0003 million USD per person is below the median for Sub-Saharan Africa, which is 0.0003 million USD per person, 95% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0012 million USD per person | 0.0004 million USD per person | 0.0021 million USD per person | 10 |
| 1980s | 0.0014 million USD per person | 0.0003 million USD per person | 0.0027 million USD per person | 10 |
| 1990s | 0.0002 million USD per person | 0.0002 million USD per person | 0.0003 million USD per person | 10 |
| 2000s | 0.0003 million USD per person | 0.0002 million USD per person | 0.0004 million USD per person | 10 |
| 2010s | 0.0004 million USD per person | 0.0003 million USD per person | 0.0006 million USD per person | 10 |
| 2020s | 0.0006 million USD per person | 0.0003 million USD per person | 0.0007 million USD per person | 5 |
Countries ranked near Nigeria
- 163 Lesotho 0.0003 million USD per person compare
- 164 Uganda 0.0003 million USD per person compare
- 165 Egypt 0.0003 million USD per person compare
- 167 East Timor 0.0003 million USD per person compare
- 168 Sierra Leone 0.0003 million USD per person compare
- 169 Togo 0.0002 million USD 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, per capita in Nigeria?
- Gross fixed capital formation — value us$, per capita in Nigeria was 0.0003 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per capita recorded in Nigeria?
- The highest recorded value was 0.0027 million USD per person in 1981.
- What is the lowest gross fixed capital formation — value us$, per capita recorded in Nigeria?
- The lowest recorded value was 0.0002 million USD per person in 1995.
- How does Nigeria rank for gross fixed capital formation — value us$, per capita?
- Nigeria ranks 166th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value us$, per capita rising or falling in Nigeria?
- Over the last ten years it is down 43.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value US$ 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$ ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value US$ 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$ divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.