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Nigeria: Gross fixed capital formation

Millions of local currency · 1970–2024 · 55 observations · finv

2024
60.5 trillionlocal currency
Change on 2023
+13.3%year on year
Average growth, 2014–2024
+15.4%a year
In US dollars, 2024
$40.9 billionUS dollars

Gross fixed capital formation

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10B100B1T10T100T197019801990200020102020NigeriaNigeria
Local currency

Compare with other countries →Definition of Gross fixed capital formation

Recent values

Millions of local currency

YearValue
202460,481,276
202353,374,656
202247,992,296
202145,313,508
202043,528,592
201940,408,700
201827,232,734
201718,441,868
201616,159,259
201515,012,536

Sources

  • FAO1970–2023
  • United Nations1970–2024
  • WDI (archive)1973–1997
  • IMF International Financial Statistics2010–2023

Compare these sources →

Nigeria documentation (PDF)

More for Nigeria

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 67 series →

Gross fixed capital formation elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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