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 July of 2021.

Gross Fixed Capital Formation in Nigeria is expected to be 2429278.00 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 3014983.00 in 12 months time. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 3087340.00 NGN Million in 2022 and 3167610.00 NGN Million in 2023, according to our econometric models.

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Nigeria Gross Fixed Capital Formation

Actual Previous Highest Lowest Dates Unit Frequency
2944319.35 2396979.75 3108123.30 17236.65 2007 - 2020 NGN Million Quarterly
Constant Prices, NSA

Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -13.90 9.68 12.12 -14.27 percent [+]
GDP Annual Growth Rate 0.51 0.11 6.88 -6.10 percent [+]
GDP 432.30 448.10 546.70 4.20 USD Billion [+]
GDP Constant Prices 16826890.29 19550147.90 19550147.90 12583478.33 NGN Million [+]
Gross Fixed Capital Formation 2944319.35 2396979.75 3108123.30 17236.65 NGN Million [+]
GDP per capita 2273.22 2374.37 2550.47 1139.82 USD [+]
GDP per capita PPP 4916.72 5135.50 5516.39 2901.77 USD [+]
GDP From Agriculture 3760880.60 5268290.12 5484063.93 2594759.86 NGN Million [+]
GDP From Construction 692520.88 679254.80 752833.66 369190.91 NGN Million [+]
GDP From Manufacturing 1670393.69 1681421.10 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1556073.55 1147137.70 2406675.90 1147137.70 NGN Million [+]
GDP From Public Administration 278241.06 435517.94 614330.87 278241.06 NGN Millions [+]
GDP From Services 6836847.32 7707176.57 7707176.57 4564086.31 NGN Millions [+]
GDP From Transport 231805.43 258748.42 296779.23 118654.96 NGN Millions [+]
GDP From Utilities 394015.61 118494.67 394015.61 51342.43 NGN Million [+]