Gross Fixed Capital Formation — Value US$, per square kilometre in Nigeria
Nigeria: Gross Fixed Capital Formation — Value US$, per square kilometre was 0.1456 million USD per square kilometre in 2023. ◆ Volatile
Latest (2023)
0.1456 million USD per square kilometre
Change on year
down 13.4%
World rank
95th
of 194 countries
All-time high
0.2213 million USD per square kilometre
in 1981
All-time low
0.0206 million USD per square kilometre
in 1995
Years of data
54
1970–2023
Gross Fixed Capital Formation — Value US$, per square kilometre in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
The most recent figure for gross fixed capital formation — value us$, per square kilometre in Nigeria is 0.1456 million USD per square kilometre, measured in 2023.
That represents a change of down 13.4% on the previous year and up 81.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, per square kilometre in Nigeria peaked at 0.2213 million USD per square kilometre in 1981 and was at its lowest, 0.0206 million USD per square kilometre, in 1995.
Nigeria ranks 95th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, per square kilometre in Nigeria, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1970 | 0.0256 million USD per square kilometre | — |
| 1971 | 0.0297 million USD per square kilometre | +15.9% |
| 1972 | 0.0372 million USD per square kilometre | +25.6% |
| 1973 | 0.0402 million USD per square kilometre | +7.9% |
| 1974 | 0.0484 million USD per square kilometre | +20.5% |
| 1975 | 0.0786 million USD per square kilometre | +62.2% |
| 1976 | 0.1257 million USD per square kilometre | +60.0% |
| 1977 | 0.1514 million USD per square kilometre | +20.5% |
| 1978 | 0.1588 million USD per square kilometre | +4.9% |
| 1979 | 0.1628 million USD per square kilometre | +2.5% |
| 1980 | 0.2062 million USD per square kilometre | +26.7% |
| 1981 | 0.2213 million USD per square kilometre | +7.3% |
| 1982 | 0.2088 million USD per square kilometre | -5.6% |
| 1983 | 0.1823 million USD per square kilometre | -12.7% |
| 1984 | 0.1401 million USD per square kilometre | -23.2% |
| 1985 | 0.1071 million USD per square kilometre | -23.6% |
| 1986 | 0.0681 million USD per square kilometre | -36.4% |
| 1987 | 0.0335 million USD per square kilometre | -50.9% |
| 1988 | 0.0334 million USD per square kilometre | -0.2% |
| 1989 | 0.0325 million USD per square kilometre | -2.9% |
| 1990 | 0.0359 million USD per square kilometre | +10.6% |
| 1991 | 0.0316 million USD per square kilometre | -11.8% |
| 1992 | 0.0252 million USD per square kilometre | -20.4% |
| 1993 | 0.0278 million USD per square kilometre | +10.5% |
| 1994 | 0.0229 million USD per square kilometre | -17.8% |
| 1995 | 0.0206 million USD per square kilometre | -9.8% |
| 1996 | 0.0215 million USD per square kilometre | +4.3% |
| 1997 | 0.0237 million USD per square kilometre | +10.0% |
| 1998 | 0.0259 million USD per square kilometre | +9.5% |
| 1999 | 0.025 million USD per square kilometre | -3.7% |
| 2000 | 0.026 million USD per square kilometre | +4.0% |
| 2001 | 0.0244 million USD per square kilometre | -6.0% |
| 2002 | 0.028 million USD per square kilometre | +14.8% |
| 2003 | 0.0327 million USD per square kilometre | +16.6% |
| 2004 | 0.039 million USD per square kilometre | +19.4% |
| 2005 | 0.0483 million USD per square kilometre | +23.7% |
| 2006 | 0.0678 million USD per square kilometre | +40.5% |
| 2007 | 0.0611 million USD per square kilometre | -10.0% |
| 2008 | 0.0698 million USD per square kilometre | +14.3% |
| 2009 | 0.0677 million USD per square kilometre | -3.0% |
| 2010 | 0.0671 million USD per square kilometre | -0.9% |
| 2011 | 0.0706 million USD per square kilometre | +5.3% |
| 2012 | 0.0717 million USD per square kilometre | +1.5% |
| 2013 | 0.0801 million USD per square kilometre | +11.8% |
| 2014 | 0.0942 million USD per square kilometre | +17.5% |
| 2015 | 0.0805 million USD per square kilometre | -14.5% |
| 2016 | 0.0653 million USD per square kilometre | -18.9% |
| 2017 | 0.0607 million USD per square kilometre | -7.0% |
| 2018 | 0.0881 million USD per square kilometre | +45.1% |
| 2019 | 0.1283 million USD per square kilometre | +45.7% |
| 2020 | 0.1352 million USD per square kilometre | +5.4% |
| 2021 | 0.1596 million USD per square kilometre | +18.0% |
| 2022 | 0.1681 million USD per square kilometre | +5.4% |
| 2023 | 0.1456 million USD per square kilometre | -13.4% |
Nigeria compared with similar countries
- Nigeria's 0.1456 million USD per square kilometre is above the median for lower middle income countries, which is 0.0393 million USD per square kilometre, 3.7× the median. (44 countries reporting)
- Nigeria's 0.1456 million USD per square kilometre is above the median for Sub-Saharan Africa, which is 0.0176 million USD per square kilometre, 8.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0858 million USD per square kilometre | 0.0256 million USD per square kilometre | 0.1628 million USD per square kilometre | 10 |
| 1980s | 0.1233 million USD per square kilometre | 0.0325 million USD per square kilometre | 0.2213 million USD per square kilometre | 10 |
| 1990s | 0.026 million USD per square kilometre | 0.0206 million USD per square kilometre | 0.0359 million USD per square kilometre | 10 |
| 2000s | 0.0465 million USD per square kilometre | 0.0244 million USD per square kilometre | 0.0698 million USD per square kilometre | 10 |
| 2010s | 0.0807 million USD per square kilometre | 0.0607 million USD per square kilometre | 0.1283 million USD per square kilometre | 10 |
| 2020s | 0.1521 million USD per square kilometre | 0.1352 million USD per square kilometre | 0.1681 million USD per square kilometre | 4 |
Countries ranked near Nigeria
- 92 Guatemala 0.1577 million USD per square kilometre compare
- 93 North Macedonia 0.1551 million USD per square kilometre compare
- 94 Rwanda 0.1548 million USD per square kilometre compare
- 96 Cuba 0.1436 million USD per square kilometre compare
- 97 Saudi Arabia 0.1385 million USD per square kilometre compare
- 98 Azerbaijan 0.13 million USD per square kilometre 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 square kilometre in Nigeria?
- Gross fixed capital formation — value us$, per square kilometre in Nigeria was 0.1456 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per square kilometre recorded in Nigeria?
- The highest recorded value was 0.2213 million USD per square kilometre in 1981.
- What is the lowest gross fixed capital formation — value us$, per square kilometre recorded in Nigeria?
- The lowest recorded value was 0.0206 million USD per square kilometre in 1995.
- How does Nigeria rank for gross fixed capital formation — value us$, per square kilometre?
- Nigeria ranks 95th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value us$, per square kilometre rising or falling in Nigeria?
- Over the last ten years it is up 81.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, per square kilometre. 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
Gross Fixed Capital Formation — Value US$ divided by Land area (sq. km), 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$ ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value US$ Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.