Nigeria Gross Fixed Capital Formation  Forecast


Gross Fixed Capital Formation in Nigeria is expected to be 2700000.00 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 2285207.92 in 12 months time. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 3020000.00 NGN Million in 2020, according to our econometric models.


Nigeria Gross Fixed Capital Formation
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Nigeria GDP Last Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 3.23 7.9 2 -7.1 -7.1 2
GDP Annual Growth Rate 0.55 1.8 1.5 2 2.9 3.5
GDP 405 377 377 379 375 690
GDP Constant Prices 16450433 17800000 18900000 16089703 15958274 2300000
Gross Fixed Capital Formation 2129447 2700000 2750000 2172633 2285208 3020000
GDP per capita 2458 2545 2545 2460 2462 2790
GDP per capita PPP 5439 5635 5635 5423 5420 5800
GDP From Agriculture 3745092 5270000 4580000 3688198 3687758 591000
GDP From Construction 694619 563560 623043 641513 634925 617744
GDP From Manufacturing 1529173 1520000 1570000 1547262 1535252 1820000
GDP From Mining 2376109 1260000 1270000 2334850 2312691 1360000
GDP From Public Administration 400889 384123 421649 400802 421215 442248
GDP From Services 6031848 650000 7200000 6038252 6579048 7670000
GDP From Transport 177694 192000 223000 213733 181274 225000
GDP From Utilities 56502 62000 65000 57893 82204 114000