Gross Fixed Capital Formation in Nigeria increased to 2742192.51 NGN Million in the second quarter of 2018 from 2454034.29 NGN Million in the first quarter of 2018. Gross Fixed Capital Formation in Nigeria averaged 1792492.47 NGN Million from 2007 until 2018, reaching an all time high of 2876293 NGN Million in the second quarter of 2016 and a record low of 17236.65 NGN Million in the fourth quarter of 2007.

Gross Fixed Capital Formation in Nigeria is expected to be 2516880.88 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 2544319.62 in 12 months time. In the long-term, the Nigeria Gross Fixed Capital Formation is projected to trend around 2665312.22 NGN Million in 2020, according to our econometric models.

Nigeria Gross Fixed Capital Formation
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Nigeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -13.77 5.31 10.59 -13.97 percent [+]
GDP Annual Growth Rate 2.01 2.38 19.17 -7.81 percent [+]
GDP 375.77 404.70 568.50 4.20 USD Billion [+]
GDP Constant Prices 16555183.90 19277641.99 19277641.99 56260.04 NGN Million [+]
Gross Fixed Capital Formation 2742192.51 2454034.29 2876293.00 17236.65 NGN Million [+]
GDP per capita 2412.41 2455.90 2563.10 1089.10 USD [+]
GDP per capita PPP 5338.45 5434.70 5671.90 2750.10 USD [+]
GDP From Agriculture 3597916.08 4978775.48 5288339.21 2594759.86 NGN Million [+]
GDP From Construction 671448.37 662431.53 747860.30 369190.91 NGN Million [+]
GDP From Manufacturing 1608461.83 1686416.37 1718985.30 875408.17 NGN Million [+]
GDP From Mining 1500081.65 1344156.80 2406675.90 1228692.98 NGN Million [+]
GDP From Public Administration 307550.32 427538.21 614330.87 307550.32 NGN Millions [+]
GDP From Services 7196009.75 6068482.62 7196009.75 4564086.31 NGN Millions [+]
GDP From Transport 288637.00 277338.67 288637.00 144848.60 NGN Millions [+]
GDP From Utilities 64825.41 127728.46 127728.46 51342.43 NGN Million [+]


Nigeria Gross Fixed Capital Formation

This page provides - Nigeria Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Gross Fixed Capital Formation - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2742192.51 2454034.29 2876293.00 17236.65 2007 - 2018 NGN Million Quarterly
Constant Prices, NSA




Country Last Previous
Argentina 120426.00 Dec/18
Australia 109559.00 Mar/19
Brazil 265611.69 Mar/19
Canada 431706.00 Mar/19
China 380771.80 Dec/18
Euro Area 571.94 Mar/19
France 133186.00 Mar/19
Germany 155.89 Mar/19
India 11421.62 Mar/19
Indonesia 861834.53 Mar/19
Italy 74810.30 Mar/19
Japan 128483.40 Mar/19
Mexico 3658093.00 Dec/18
Netherlands 40779.00 Mar/19
Russia 7593.90 Dec/18
Saudi Arabia 185766.00 Dec/18
Singapore 29532.80 Mar/19
South Africa 597800.80 Mar/19
South Korea 131296.60 Mar/19
Spain 66105.00 Mar/19
Switzerland 43546.20 Mar/19
Turkey 100644723.30 Mar/19
United Kingdom 87495.00 Mar/19
United States 3365.87 Mar/19


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