Nigeria - Gross fixed capital formation (% of GDP)

Gross fixed capital formation (% of GDP) in Nigeria was 28.65 as of 2020. Its highest value over the past 39 years was 89.39 in 1981, while its lowest value was 14.17 in 2013.

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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1981 89.39
1982 85.94
1983 75.76
1984 58.96
1985 46.40
1986 54.95
1987 50.05
1988 43.75
1989 52.49
1990 53.12
1991 48.40
1992 43.77
1993 44.48
1994 42.07
1995 37.21
1996 36.58
1997 38.42
1998 40.55
1999 38.28
2000 34.05
2001 30.04
2002 26.77
2003 28.37
2004 26.06
2005 24.97
2006 26.17
2007 20.18
2008 18.86
2009 21.12
2010 16.82
2011 15.68
2012 14.21
2013 14.17
2014 15.08
2015 14.83
2016 14.72
2017 14.72
2018 19.02
2019 24.63
2020 28.65

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts