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Nigeria: Gross capital formation

Millions of local currency · 1950–2024 · 75 observations · forecasts to 2031 · inv

2024
62.6 trillionlocal currency
Change on 2023
+13.5%year on year
Average growth, 2014–2024
+15.3%a year
In US dollars, 2024
$42.3 billionUS dollars

Gross capital formation

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100M10B1T100T1960198020002020NigeriaNigeria
ForecastLocal currency

Compare with other countries →Definition of Gross capital formation

Recent values

Millions of local currency

YearValue
2031208,200,000Forecast
2030179,200,000Forecast
2029137,600,000Forecast
2028136,600,000Forecast
2027128,800,000Forecast
2026109,100,000Forecast
202577,909,856Forecast
202462,572,196
202355,116,140
202249,624,736
202146,795,108
202044,989,680
201941,806,672
201828,432,526
201719,429,108
201616,891,920
201515,704,683

Sources

  • Penn World Table1950–2019
  • WDI (archive)1960–1997
  • United Nations1970–2024
  • IMF World Economic Outlook1990–2024
  • IMF International Financial Statistics2010–2023
  • IMF WEO (forecast)2024–2031

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 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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