Nigeria — Gross fixed capital formation
millions of NGN · 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 NGN in 2024. The period change from 53.37T NGN in 2023 was +13.3%. The latest reading was above the selected 10-year average of 36.79T NGN. The corresponding ratio to GDP was 16.2% in 2024.
Get the full series
- Annual data, 1970–2024
- Quarterly data, 2010–2025
- All 3 sources, downloadable
Latest observations
2014–2024
| Period | Value |
|---|---|
| 2024 | 60.48T NGN |
| 2023 | 53.37T NGN |
| 2022 | 47.99T NGN |
| 2021 | 45.31T NGN |
| 2020 | 43.53T NGN |
6 earlier values, back to 2014
| 2019 | 40.41T NGN |
| 2018 | 27.23T NGN |
| 2017 | 18.44T NGN |
| 2016 | 16.16T NGN |
| 2015 | 15.01T NGN |
| 2014 | 14.43T NGN |