Gross Fixed Capital Formation in Nigeria increased to 2494431 NGN Million in the fourth quarter of 2017 from 2129258 NGN Million in the third quarter of 2017. Gross Fixed Capital Formation in Nigeria averaged 1755873.34 NGN Million from 2007 until 2017, reaching an all time high of 2876293 NGN Million in the second quarter of 2016 and a record low of 17236.65 NGN Million in the fourth quarter of 2007.

Gross Fixed Capital Formation in Nigeria is expected to be 2165455.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gross Fixed Capital Formation in Nigeria to stand at 2630788.00 in 12 months time. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 2749601.00 NGN Million in 2020, according to our econometric models.

Nigeria Gross Fixed Capital Formation
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Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 9.50 2.90 10.59 -13.98 percent [+]
GDP Annual Growth Rate 1.81 1.50 19.17 -7.81 percent [+]
GDP 375.77 404.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 16580508.10 16106734.90 18745360.19 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2494431.00 2129258.00 2876293.00 17236.65 NGN Million [+]
GDP per capita 2412.41 2455.90 2563.10 1089.10 USD [+]
GDP per capita PPP 5338.45 5434.70 5671.90 2750.10 USD [+]
GDP From Agriculture 5288339.21 3789720.12 5288339.21 2594759.86 NGN Million [+]
GDP From Construction 544228.74 747860.30 747860.30 369190.91 NGN Million [+]
GDP From Manufacturing 1599043.51 1539566.75 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1696606.69 1418073.13 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 365540.65 380006.76 614330.87 358496.20 NGN Millions [+]
GDP From Services 6067614.53 6938494.45 7087965.28 4564086.31 NGN Millions [+]
GDP From Transport 221416.44 216351.50 253325.52 144848.60 NGN Millions [+]
GDP From Utilities 111806.01 61027.25 126320.85 51342.43 NGN Million [+]


Nigeria Gross Fixed Capital Formation

This page provides - Nigeria Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Gross Fixed Capital Formation - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2494431.00 2129258.00 2876293.00 17236.65 2007 - 2017 NGN Million Quarterly
Constant Prices, NSA




Country Last Previous
Argentina 138728.00 Sep/18
Australia 111181.00 Sep/18
Brazil 289187.77 Sep/18
Canada 441856.00 Sep/18
China 346440.80 Dec/17
Euro Area 555.80 Sep/18
France 131776.00 Sep/18
Germany 153.73 Sep/18
India 10986.75 Sep/18
Indonesia 880777.29 Sep/18
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Japan 125711.90 Sep/18
Mexico 3751715.65 Sep/18
Netherlands 39123.00 Sep/18
Russia 4581.70 Sep/18
Saudi Arabia 133157.00 Sep/18
Singapore 25951.50 Sep/18
South Africa 607742.50 Sep/18
South Korea 117718.70 Sep/18
Spain 65024.00 Sep/18
Switzerland 43116.30 Sep/18
Turkey 125935686.70 Sep/18
United Kingdom 85843.00 Sep/18
United States 3331.79 Sep/18


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