Gross Capital Formation (Percent of GDP) of Nigeria
Updated on November 22, 2021.

According to the World Bank, the Gross Capital Formation (Percent of GDP) of Nigeria was 29.4% in 2020, a difference of +3.98 points compared to 2019.

Use the interactive visualization and table below to explore the values for each year between 1981-2020.

The World Bank defines Gross Capital Formation (Percent of GDP) as "consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress'" .

See also: GDP of Nigeria.

Data Source: World Bank.
Gross Capital Formation (Percent of GDP) of Nigeria (US$)
Gross Capital Formation (Percent of GDP) of Nigeria
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Year Gross Capital Formation (% GDP)
1,981 89.38
1,982 85.93
1,983 75.75
1,984 58.95
1,985 46.39
1,986 54.95
1,987 49.99
1,988 43.64
1,989 52.49
1,990 53.19
1,991 48.41
1,992 43.78
1,993 44.49
1,994 42.08
1,995 37.24
1,996 36.63
1,997 38.48
1,998 40.62
1,999 38.34
2,000 34.11
2,001 30.93
2,002 27.58
2,003 29.39
2,004 27.12
2,005 26.19
2,006 27.87
2,007 21.25
2,008 19.9
2,009 22.05
2,010 17.56
2,011 16.36
2,012 14.96
2,013 14.9
2,014 15.8
2,015 15.49
2,016 15.37
2,017 15.47
2,018 19.81
2,019 25.42
2,020 29.4