Nigeria — Gross fixed capital formation
millions of LCU · Annual · 1970–2024 · 55 observations
About this series
Gross fixed capital formation is the value of fixed assets acquired less the value of fixed assets disposed of during the period for use in production. It excludes changes in inventories.
Nigeria's gross fixed capital formation reading was 60.48T LCU in 2024. The period change from 53.37T LCU in 2023 was +13.3%. The latest reading was above the selected 10-year average of 36.79T LCU. The corresponding ratio to GDP was 16.2% in 2024.
Get the full series
- Annual data, 1970–2024
- Quarterly data, 2010–2024
- All 3 sources, downloadable
Latest observations
2014–2024
| Period | Value |
|---|---|
| 2024 | 60.48T LCU |
| 2023 | 53.37T LCU |
| 2022 | 47.99T LCU |
| 2021 | 45.31T LCU |
| 2020 | 43.53T LCU |
6 earlier values, back to 2014
| 2019 | 40.41T LCU |
| 2018 | 27.23T LCU |
| 2017 | 18.44T LCU |
| 2016 | 16.16T LCU |
| 2015 | 15.01T LCU |
| 2014 | 14.43T LCU |