Gross Fixed Capital Formation in Nigeria increased to 2976480.11 NGN Million in the fourth quarter of 2019 from 2565487.78 NGN Million in the third quarter of 2019.

Gross Fixed Capital Formation in Nigeria averaged 1909113.28 NGN Million from 2007 until 2019, 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 July of 2020. source: National Bureau Of Statistics, Nigeria

Gross Fixed Capital Formation in Nigeria is expected to be 2520592.00 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 3006245.00 in 12 months time. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 2905997.00 NGN Million in 2021 and 2972835.00 NGN Million in 2022, according to our econometric models.

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Nigeria Gross Fixed Capital Formation

Actual Previous Highest Lowest Dates Unit Frequency
2976480.11 2565487.78 3108123.30 17236.65 2007 - 2019 NGN Million Quarterly
Constant Prices, NSA

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -14.30 5.59 10.59 -14.30 percent [+]
GDP Annual Growth Rate 1.87 2.55 19.17 -7.81 percent [+]
GDP 410.00 397.30 568.50 4.20 USD Billion [+]
GDP Constant Prices 16893269.79 19750934.72 19750934.72 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2976480.11 2565487.78 3108123.30 17236.65 NGN Million [+]
GDP per capita 2396.30 2412.40 2563.90 1145.80 USD [+]
GDP per capita PPP 5315.82 5351.44 5687.59 2991.83 USD [+]
GDP From Agriculture 3677153.49 5093983.13 5408978.92 2594759.86 NGN Million [+]
GDP From Construction 682791.74 671110.60 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1615390.58 1707263.24 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1591248.22 1429667.98 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 280721.30 427802.26 614330.87 280721.30 NGN Millions [+]
GDP From Services 6477202.90 7472196.49 7472196.49 4564086.31 NGN Millions [+]
GDP From Transport 296779.23 275118.66 296779.23 144848.60 NGN Millions [+]
GDP From Utilities 63971.30 120431.63 127728.46 51342.43 NGN Million [+]