Nigeria — Gross fixed capital formation (USD)
millions of USD · 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. This series reports the amount in millions of US dollars.
The latest gross fixed capital formation reading for Nigeria was 40.89B USD in 2024. The previous reading was 82.73B USD in 2023; the period change was −50.6%. The latest reading was below the selected 10-year average of 89.33B USD. The corresponding ratio to GDP was 16.2% in 2024.
Get the full series
- Annual data, 1970–2024
- Quarterly data, 2010–2024
- The underlying source, downloadable
Latest observations
2014–2024
| Period | Value |
|---|---|
| 2024 | 40.89B USD |
| 2023 | 82.73B USD |
| 2022 | 112.66B USD |
| 2021 | 112.96B USD |
| 2020 | 121.31B USD |
6 earlier values, back to 2014
| 2019 | 131.66B USD |
| 2018 | 88.97B USD |
| 2017 | 60.31B USD |
| 2016 | 63.75B USD |
| 2015 | 78.01B USD |
| 2014 | 90.99B USD |