Nigeria - Gross fixed capital formation (current LCU)
The value for Gross fixed capital formation (current LCU) in Nigeria was 44,187,000,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 44,187,000,000,000 in 2020 and a minimum value of 87,144,850,000 in 1985.
Definition: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1981 | 124,524,000,000 |
| 1982 | 128,097,000,000 |
| 1983 | 120,264,000,000 |
| 1984 | 97,781,480,000 |
| 1985 | 87,144,850,000 |
| 1986 | 108,865,000,000 |
| 1987 | 122,462,000,000 |
| 1988 | 138,097,000,000 |
| 1989 | 217,750,000,000 |
| 1990 | 262,766,000,000 |
| 1991 | 285,590,000,000 |
| 1992 | 396,609,000,000 |
| 1993 | 559,146,000,000 |
| 1994 | 744,092,000,000 |
| 1995 | 1,153,470,000,000 |
| 1996 | 1,494,750,000,000 |
| 1997 | 1,697,770,000,000 |
| 1998 | 1,948,650,000,000 |
| 1999 | 2,098,540,000,000 |
| 2000 | 2,404,820,000,000 |
| 2001 | 2,473,470,000,000 |
| 2002 | 3,078,780,000,000 |
| 2003 | 3,846,230,000,000 |
| 2004 | 4,723,720,000,000 |
| 2005 | 5,772,640,000,000 |
| 2006 | 7,948,120,000,000 |
| 2007 | 6,997,620,000,000 |
| 2008 | 7,535,270,000,000 |
| 2009 | 9,177,079,000,000 |
| 2010 | 9,183,060,000,000 |
| 2011 | 9,897,200,000,000 |
| 2012 | 10,282,000,000,000 |
| 2013 | 11,478,100,000,000 |
| 2014 | 13,595,800,000,000 |
| 2015 | 14,112,200,000,000 |
| 2016 | 15,104,200,000,000 |
| 2017 | 16,908,100,000,000 |
| 2018 | 24,550,200,000,000 |
| 2019 | 35,864,000,000,000 |
| 2020 | 44,187,000,000,000 |
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
