Gross Fixed Capital Formation in Nigeria increased to 2944319.35 NGN Million in the fourth quarter of 2020 from 2396979.75 NGN Million in the third quarter of 2020. source: National Bureau Of Statistics, Nigeria

Gross Fixed Capital Formation in Nigeria averaged 1960872.34 NGN Million from 2007 until 2020, reaching an all time high of 3108123.30 NGN Million in the second quarter of 2019 and a record low of 17236.65 NGN Million in the fourth quarter of 2007. This page provides - Nigeria Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Gross Fixed Capital Formation - values, historical data and charts - was last updated on October of 2021.

Gross Fixed Capital Formation in Nigeria is expected to be 2492859.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 3138721.00 NGN Million in 2022 and 3220328.00 NGN Million in 2023, according to our econometric models.

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Nigeria Gross Fixed Capital Formation

Nigeria Last Unit Reference Previous Highest Lowest
GDP Growth Rate -13.90 percent Mar/21 -0.80 12.12 -14.27
GDP Annual Growth Rate 5.00 percent Jun/21 0.51 6.88 -6.10
GDP Constant Prices 16694666.15 NGN Million Jun/21 16826890.29 19550147.90 12583478.33
Gross Fixed Capital Formation 2944319.35 NGN Million Dec/20 2396979.75 3108123.30 17236.65
GDP From Utilities 183591.69 NGN Million Jun/21 71340.47 183591.69 51342.43
GDP From Transport 209788.41 NGN Millions Jun/21 231805.43 296779.23 118654.96
GDP From Services 6694697.46 NGN Millions Jun/21 6514172.17 7707176.57 4564086.31
GDP From Public Administration 368209.62 NGN Millions Jun/21 278241.06 614330.87 278241.06
GDP From Mining 1239461.07 NGN Million Jun/21 1556073.55 2406675.90 1147137.70
GDP From Manufacturing 1451511.22 NGN Million Jun/21 1670393.69 1718985.30 875408.17
GDP From Construction 532693.68 NGN Million Jun/21 692520.88 752833.66 369190.91
GDP From Agriculture 3969697.16 NGN Million Jun/21 3760880.60 5484063.93 2594759.86