Gross Fixed Capital Formation — Value US$, per unit of GDP in Nigeria
Nigeria: Gross Fixed Capital Formation — Value US$, per unit of GDP was 0 million USD per US$ of GDP in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, per unit of GDP in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in million USD per US$ of GDP.
Analysis
The most recent figure for gross fixed capital formation — value us$, per unit of gdp in Nigeria is 0 million USD per US$ of GDP, measured in 2024.
Compared with earlier readings it is down 11.2% on the previous year and up 61.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, per unit of gdp in Nigeria peaked at 0 million USD per US$ of GDP in 1978 and was at its lowest, 0 million USD per US$ of GDP, in 1996.
Nigeria ranks 70th of 193 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$, per unit of GDP in Nigeria, year by year
| Year | million USD per US$ of GDP | Change |
|---|---|---|
| 1970 | 0 million USD per US$ of GDP | — |
| 1971 | 0 million USD per US$ of GDP | +58.4% |
| 1972 | 0 million USD per US$ of GDP | -6.0% |
| 1973 | 0 million USD per US$ of GDP | -12.7% |
| 1974 | 0 million USD per US$ of GDP | -26.4% |
| 1975 | 0 million USD per US$ of GDP | +45.1% |
| 1976 | 0 million USD per US$ of GDP | +22.4% |
| 1977 | 0 million USD per US$ of GDP | +21.4% |
| 1978 | 0 million USD per US$ of GDP | +3.4% |
| 1979 | 0 million USD per US$ of GDP | -20.8% |
| 1980 | 0 million USD per US$ of GDP | -6.7% |
| 1981 | 0 million USD per US$ of GDP | -58.1% |
| 1982 | 0 million USD per US$ of GDP | +8.7% |
| 1983 | 0 million USD per US$ of GDP | +28.3% |
| 1984 | 0 million USD per US$ of GDP | +1.5% |
| 1985 | 0 million USD per US$ of GDP | -23.8% |
| 1986 | 0 million USD per US$ of GDP | -14.4% |
| 1987 | 0 million USD per US$ of GDP | -48.9% |
| 1988 | 0 million USD per US$ of GDP | +5.9% |
| 1989 | 0 million USD per US$ of GDP | +9.6% |
| 1990 | 0 million USD per US$ of GDP | -10.0% |
| 1991 | 0 million USD per US$ of GDP | -20.0% |
| 1992 | 0 million USD per US$ of GDP | -9.0% |
| 1993 | 0 million USD per US$ of GDP | +1.4% |
| 1994 | 0 million USD per US$ of GDP | -42.0% |
| 1995 | 0 million USD per US$ of GDP | -48.5% |
| 1996 | 0 million USD per US$ of GDP | -20.8% |
| 1997 | 0 million USD per US$ of GDP | +1.7% |
| 1998 | 0 million USD per US$ of GDP | +0.7% |
| 1999 | 0 million USD per US$ of GDP | +255.6% |
| 2000 | 0 million USD per US$ of GDP | -11.0% |
| 2001 | 0 million USD per US$ of GDP | -11.6% |
| 2002 | 0 million USD per US$ of GDP | -11.1% |
| 2003 | 0 million USD per US$ of GDP | +5.8% |
| 2004 | 0 million USD per US$ of GDP | -7.9% |
| 2005 | 0 million USD per US$ of GDP | -4.4% |
| 2006 | 0 million USD per US$ of GDP | +3.5% |
| 2007 | 0 million USD per US$ of GDP | -22.8% |
| 2008 | 0 million USD per US$ of GDP | -6.3% |
| 2009 | 0 million USD per US$ of GDP | +11.6% |
| 2010 | 0 million USD per US$ of GDP | -20.3% |
| 2011 | 0 million USD per US$ of GDP | -6.8% |
| 2012 | 0 million USD per US$ of GDP | -9.3% |
| 2013 | 0 million USD per US$ of GDP | -0.3% |
| 2014 | 0 million USD per US$ of GDP | +6.5% |
| 2015 | 0 million USD per US$ of GDP | -0.4% |
| 2016 | 0 million USD per US$ of GDP | -1.2% |
| 2017 | 0 million USD per US$ of GDP | +0.1% |
| 2018 | 0 million USD per US$ of GDP | +29.2% |
| 2019 | 0 million USD per US$ of GDP | -8.1% |
| 2020 | 0 million USD per US$ of GDP | +17.6% |
| 2021 | 0 million USD per US$ of GDP | +16.0% |
| 2022 | 0 million USD per US$ of GDP | -0.8% |
| 2023 | 0 million USD per US$ of GDP | +14.9% |
| 2024 | 0 million USD per US$ of GDP | -11.2% |
Nigeria compared with similar countries
- Nigeria's 0 million USD per US$ of GDP is above the median for lower middle income countries, which is 0 million USD per US$ of GDP, 1.1× the median. (44 countries reporting)
- Nigeria's 0 million USD per US$ of GDP is above the median for Sub-Saharan Africa, which is 0 million USD per US$ of GDP, 1.2× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, per unit of GDP in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +255.6% | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 10 |
| 1980s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 10 |
| 1990s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 10 |
| 2000s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 10 |
| 2010s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 10 |
| 2020s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, per unit of gdp in Nigeria?
- Gross fixed capital formation — value us$, per unit of gdp in Nigeria was 0 million USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per unit of gdp recorded in Nigeria?
- The highest recorded value was 0 million USD per US$ of GDP in 1978.
- What is the lowest gross fixed capital formation — value us$, per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0 million USD per US$ of GDP in 1996.
- How does Nigeria rank for gross fixed capital formation — value us$, per unit of gdp?
- Nigeria ranks 70th out of 193 countries with data for 2024.
- Is gross fixed capital formation — value us$, per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 61.7%. 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$, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value US$ divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value US$ ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value US$ Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.