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 2519375.00 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 2569264.00 in 12 months time. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 2752260.00 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 5.30 9.50 10.59 -13.98 percent [+]
GDP Annual Growth Rate 2.40 1.81 19.17 -7.81 percent [+]
GDP 375.77 404.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 19041437.59 18081342.10 19041437.59 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 4978775.48 5288339.21 5288339.21 2594759.86 NGN Million [+]
GDP From Construction 662431.53 544228.74 747860.30 369190.91 NGN Million [+]
GDP From Manufacturing 1686416.37 1599043.51 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1344156.80 1696606.69 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 427538.21 365540.65 614330.87 358496.20 NGN Millions [+]
GDP From Services 6068482.62 6331541.15 7087965.28 4564086.31 NGN Millions [+]
GDP From Transport 277338.67 221416.44 277338.67 144848.60 NGN Millions [+]
GDP From Utilities 104510.68 111806.01 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 April 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 120426.00 Dec/18
Australia 110681.00 Dec/18
Brazil 283392.07 Dec/18
Canada 424259.00 Dec/18
China 346440.80 Dec/17
Euro Area 561.04 Dec/18
France 132308.00 Dec/18
Germany 154.18 Dec/18
India 11575.43 Dec/18
Indonesia 914309.16 Dec/18
Italy 74203.10 Dec/18
Japan 127702.80 Dec/18
Mexico 3751715.65 Sep/18
Netherlands 39810.00 Dec/18
Russia 7593.90 Dec/18
Saudi Arabia 185766.00 Dec/18
Singapore 29998.80 Dec/18
South Africa 604716.90 Dec/18
South Korea 116588.20 Mar/19
Spain 65288.00 Dec/18
Switzerland 42669.40 Dec/18
Turkey 120801435.60 Dec/18
United Kingdom 85462.00 Dec/18
United States 3357.50 Dec/18


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