Gross Fixed Capital Formation in Nigeria decreased to 2351105.53 NGN Million in the second quarter of 2023 from 2825588.47 NGN Million in the first quarter of 2023. Gross Fixed Capital Formation in Nigeria averaged 2066053.31 NGN Million from 2007 until 2023, 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. source: National Bureau Of Statistics, Nigeria

Gross Fixed Capital Formation in Nigeria is expected to be 2887751.00 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 2576906.00 NGN Million in 2025 and 2744405.00 NGN Million in 2026, according to our econometric models.

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Nigeria Gross Fixed Capital Formation


Related Last Previous Unit Reference
GDP Growth Rate 12.00 9.70 percent Dec 2023
GDP Annual Growth Rate 3.46 2.54 percent Dec 2023
GDP Constant Prices 21773263.25 19442281.18 NGN Million Dec 2023
Gross Fixed Capital Formation 2351105.53 2825588.47 NGN Million Jun 2023
GDP from Utilities 155207.98 111942.29 NGN Million Dec 2023
GDP from Transport 240166.64 163540.52 NGN Million Dec 2023
GDP from Services 9092462.24 7403080.32 NGN Million Dec 2023
GDP from Public Administration 456512.17 397168.60 NGN Million Dec 2023
GDP from Mining 1024206.70 1064775.19 NGN Million Dec 2023
GDP from Manufacturing 1792909.93 1636751.87 NGN Million Dec 2023
GDP from Construction 756411.29 653827.13 NGN Million Dec 2023
GDP from Agriculture 5685658.24 5698270.51 NGN Million Dec 2023

Nigeria Gross Fixed Capital Formation
Actual Previous Highest Lowest Dates Unit Frequency
2351105.53 2825588.47 3108123.30 17236.65 2007 - 2023 NGN Million Quarterly
Constant Prices, NSA