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Nigeria: Gross capital formation (% of GDP)

Percent of GDP · 1950–2024 · 75 observations · forecasts to 2031 · inv_GDP

2024
16.8%percent of GDP
Change on 2023
−0.8 pointsfrom 17.6%
Average, 2015–2024
16.9%10 years
Record high and low
99.4% (1977)low 13.0% (2017)

Gross capital formation (% of GDP)

Report error
0%20%40%60%80%100%1960198020002020NigeriaNigeria
ForecastPercent of GDP

Compare with other countries →Definition of Gross capital formation (% of GDP)

Recent values

Percent of GDP

YearValue
203119.7Forecast
203019.3Forecast
202916.9Forecast
202819.2Forecast
202720.9Forecast
202620.6Forecast
202517.6Forecast
202416.8
202317.6
202218.1
202119.2
202021.1
201920.4
201816.2
201713.0
201613.1
201513.5

Sources

This series is derived from other GMD variables.

Nigeria documentation (PDF)

More for Nigeria

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

Gross capital formation (% of GDP) 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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