Gross Fixed Capital Formation in Nigeria decreased to 2798505.79 NGN Million in the first quarter of 2019 from 2799691.71 NGN Million in the fourth quarter of 2018. Nigeria Gross Fixed Capital Formation - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Gross Fixed Capital Formation in Nigeria averaged 1849521.06 NGN Million from 2007 until 2019, reaching an all time high of 2876293.11 NGN Million in the second quarter of 2016 and a record low of 17236.65 NGN Million in the fourth quarter of 2007. This page provides - Nigeria Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bureau Of Statistics, Nigeria

Gross Fixed Capital Formation in Nigeria is expected to be 2825092.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gross Fixed Capital Formation in Nigeria to stand at 2854476.00 in 12 months time. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 2917274.00 NGN Million in 2021 and 2987289.00 NGN Million in 2022, according to our econometric models.


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Nigeria Gross Fixed Capital Formation

Actual Previous Highest Lowest Dates Unit Frequency
2798505.79 2799691.71 2876293.11 17236.65 2007 - 2019 NGN Million Quarterly
Constant Prices, NSA