Nigeria Gross Fixed Capital Formation

2010 - 2024 | Quarterly | USD mn | CEIC Data

Key information about Nigeria Gross Fixed Capital Formation

  • Nigeria Gross Fixed Capital Formation was reported at 13.883 USD bn in Jun 2024.
  • This records a decrease from the previous number of 16.783 USD bn for Mar 2024.
  • Nigeria Gross Fixed Capital Formation data is updated quarterly, averaging 19.939 USD bn from Mar 2010 to Jun 2024, with 58 observations.
  • The data reached an all-time high of 44.278 USD bn in Mar 2023 and a record low of 11.053 USD bn in Sep 2016.
  • Nigeria Gross Fixed Capital Formation data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Gross Fixed Capital Formation: USD: Quarterly.

CEIC converts quarterly Gross Fixed Capital Formation into USD. The National Bureau of Statistics provides Gross Fixed Capital Formation in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

View Nigeria's Gross Fixed Capital Formation from Mar 2010 to Jun 2024 in the chart:

Nigeria Gross Fixed Capital Formation

What was Nigeria's Gross Fixed Capital Formation in Jun 2024?

Nigeria Gross Fixed Capital Formation was reported at 13.883 USD bn in Jun 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
13,883.381 Jun 2024 16,783.434 Mar 2024 11,053.336 Sep 2016 44,278.159 Mar 2023 USD mn quarterly Mar 2010 - Jun 2024

Gross Fixed Capital Formation by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 1,533.333 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (USD mn) 79,602.998 2023 yearly 1957 - 2023
Argentina (USD mn) 28,985.648 Sep 2024 quarterly Mar 1993 - Sep 2024
Armenia (USD mn) 1,472.546 Sep 2024 quarterly Dec 1994 - Sep 2024
Australia (USD mn) 112,464.982 Sep 2024 quarterly Sep 1959 - Sep 2024
Austria (USD mn) 32,202.294 Sep 2024 quarterly Mar 1988 - Sep 2024
Azerbaijan (USD mn) 2,409.000 Jun 2024 quarterly Mar 2001 - Jun 2024
Bahrain (USD mn) 9,667.798 2021 yearly 1975 - 2021
Bangladesh (USD mn) 140,807.342 2024 yearly 1980 - 2024
Belarus (USD mn) 4,146.239 Jun 2024 quarterly Mar 1994 - Jun 2024
Belgium (USD mn) 40,900.377 Jun 2024 quarterly Mar 1980 - Jun 2024
Bolivia (USD mn) 1,730.209 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (USD mn) 6,367.905 2023 yearly 1995 - 2023
Botswana (USD mn) 1,398.337 Jun 2024 quarterly Mar 2006 - Jun 2024
Brazil (USD mn) 95,013.218 Sep 2024 quarterly Mar 1995 - Sep 2024
Brunei (USD mn) 1,288.579 Jun 2024 quarterly Mar 2004 - Jun 2024
Bulgaria (USD mn) 5,257.523 Sep 2024 quarterly Mar 1995 - Sep 2024
Cambodia (USD mn) 13,640.359 2022 yearly 1993 - 2022
Canada (USD mn) 126,778.688 Sep 2024 quarterly Mar 1957 - Sep 2024
Chile (USD mn) 19,415.784 Sep 2024 quarterly Mar 1990 - Sep 2024
China (USD mn) 7,546,959.529 2022 yearly 1957 - 2022
Colombia (USD mn) 17,954.681 Sep 2024 quarterly Mar 2000 - Sep 2024
Croatia (USD mn) 5,430.992 Sep 2024 quarterly Mar 1995 - Sep 2024
Cyprus (USD mn) 1,818.617 Sep 2024 quarterly Mar 1995 - Sep 2024
Czech Republic (USD mn) 22,900.573 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (USD mn) 23,562.339 Sep 2024 quarterly Mar 1990 - Sep 2024
Ecuador (USD mn) 5,355.479 Jun 2024 quarterly Mar 1991 - Jun 2024
Egypt (USD mn) 11,091.010 Dec 2023 quarterly Jun 2004 - Dec 2023
Estonia (USD mn) 2,780.995 Sep 2024 quarterly Mar 1995 - Sep 2024
European Union (USD mn) 1,050,616.011 Sep 2024 quarterly Mar 1999 - Sep 2024
Finland (USD mn) 16,354.258 Sep 2024 quarterly Mar 1990 - Sep 2024
France (USD mn) 178,416.580 Sep 2024 quarterly Mar 1957 - Sep 2024
Georgia (USD mn) 2,075.703 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (USD mn) 246,252.353 Sep 2024 quarterly Mar 1991 - Sep 2024
Ghana (USD mn) 8,165.186 2023 yearly 2006 - 2023
Greece (USD mn) 9,920.993 Sep 2024 quarterly Mar 1995 - Sep 2024
Hong Kong SAR, China (USD mn) 17,242.688 Sep 2024 quarterly Mar 1973 - Sep 2024
Hungary (USD mn) 14,633.917 Sep 2024 quarterly Mar 1995 - Sep 2024
Iceland (USD mn) 2,127.116 Jun 2024 quarterly Mar 1995 - Jun 2024
India (USD mn) 281,655.934 Sep 2024 quarterly Jun 1996 - Sep 2024
Indonesia (USD mn) 106,179.180 Sep 2024 quarterly Mar 1993 - Sep 2024
Iran (USD mn) 303,898.154 Mar 2024 quarterly Jun 1988 - Mar 2024
Ireland (USD mn) 32,612.909 Sep 2024 quarterly Mar 1995 - Sep 2024
Israel (USD mn) 30,101.753 Sep 2024 quarterly Mar 1995 - Sep 2024
Italy (USD mn) 130,271.521 Sep 2024 quarterly Mar 1980 - Sep 2024
Ivory Coast (USD mn) 20,069.728 2023 yearly 1960 - 2023
Japan (USD mn) 268,982.843 Sep 2024 quarterly Mar 1980 - Sep 2024
Jordan (USD mn) 8,462.516 2023 yearly 1963 - 2023
Kazakhstan (USD mn) 13,856.680 Jun 2024 quarterly Mar 2007 - Jun 2024
Kenya (USD mn) 21,229.734 2022 yearly 1964 - 2022
South Korea (USD mn) 144,555.025 Sep 2024 quarterly Mar 1960 - Sep 2024
Kosovo (USD mn) 663.515 Mar 2024 quarterly Mar 2010 - Mar 2024
Kuwait (USD mn) 29,731.557 2019 yearly 1963 - 2019
Kyrgyzstan (USD mn) 842.081 Sep 2023 quarterly Mar 2008 - Sep 2023
Latvia (USD mn) 2,865.510 Sep 2024 quarterly Mar 1995 - Sep 2024
Lebanon (USD mn) 7,910.272 2020 yearly 1997 - 2020
Lithuania (USD mn) 4,646.305 Jun 2024 quarterly Mar 1995 - Jun 2024
Luxembourg (USD mn) 3,478.659 Sep 2024 quarterly Mar 1995 - Sep 2024
Macau SAR, China (USD mn) 1,949.895 Sep 2024 quarterly Mar 1998 - Sep 2024
North Macedonia (USD mn) 3,901.151 2023 yearly 1990 - 2023
Malawi (USD mn) 943.616 2019 yearly 1973 - 2019
Malaysia (USD mn) 22,616.595 Sep 2024 quarterly Mar 1991 - Sep 2024
Malta (USD mn) 1,118.307 Sep 2024 quarterly Mar 1995 - Sep 2024
Mauritius (USD mn) 1,076.603 Jun 2024 quarterly Mar 1999 - Jun 2024
Mexico (USD mn) 110,753.255 Sep 2024 quarterly Mar 1993 - Sep 2024
Moldova (USD mn) 1,052.773 Sep 2024 quarterly Mar 1995 - Sep 2024
Mongolia (USD mn) 1,730.808 Sep 2024 quarterly Mar 2010 - Sep 2024
Montenegro (USD mn) 417.265 Sep 2024 quarterly Mar 2010 - Sep 2024
Morocco (USD mn) 36,709.325 2023 yearly 1957 - 2023
Mozambique (USD mn) 3,242.242 2020 yearly 1991 - 2020
Nepal (USD mn) 10,485.258 2024 yearly 2001 - 2024
Netherlands (USD mn) 61,708.147 Sep 2024 quarterly Mar 1988 - Sep 2024
New Zealand (USD mn) 15,406.283 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (USD mn) 13,883.381 Jun 2024 quarterly Mar 2010 - Jun 2024
Norway (USD mn) 27,707.668 Sep 2024 quarterly Mar 1978 - Sep 2024
Oman (USD mn) 25,785.176 2023 yearly 1975 - 2023
Pakistan (USD mn) 42,851.142 2024 yearly 2000 - 2024
Palestinian Territory (USD mn) 686.800 Jun 2024 quarterly Mar 2011 - Jun 2024
Panama (USD mn) 26,894.290 2023 yearly 1996 - 2023
Paraguay (USD mn) 2,424.423 Jun 2024 quarterly Mar 1994 - Jun 2024
Peru (USD mn) 16,968.255 Sep 2024 quarterly Mar 1990 - Sep 2024
Philippines (USD mn) 25,706.099 Sep 2024 quarterly Mar 1981 - Sep 2024
Poland (USD mn) 34,048.204 Jun 2024 quarterly Mar 1995 - Jun 2024
Portugal (USD mn) 15,401.322 Sep 2024 quarterly Mar 1995 - Sep 2024
Qatar (USD mn) 72,289.950 2022 yearly 1994 - 2022
Romania (USD mn) 25,972.199 Sep 2024 quarterly Mar 1995 - Sep 2024
Russia (USD mn) 105,034.586 Jun 2024 quarterly Mar 1993 - Jun 2024
Saudi Arabia (USD mn) 74,596.505 Sep 2024 quarterly Mar 2003 - Sep 2024
Serbia (USD mn) 5,612.251 Sep 2024 quarterly Mar 1995 - Sep 2024
Singapore (USD mn) 30,114.950 Sep 2024 quarterly Mar 1975 - Sep 2024
Slovakia (USD mn) 7,269.084 Sep 2024 quarterly Mar 1995 - Sep 2024
Slovenia (USD mn) 3,611.864 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (USD mn) 14,982.236 Sep 2024 quarterly Mar 1960 - Sep 2024
Spain (USD mn) 83,462.541 Sep 2024 quarterly Mar 1995 - Sep 2024
Sri Lanka (USD mn) 3,457.087 Dec 2022 quarterly Mar 2010 - Dec 2022
Sudan (USD mn) 2,205.522 2023 yearly 1976 - 2023
Sweden (USD mn) 38,577.914 Mar 2023 quarterly Mar 1980 - Mar 2023
Switzerland (USD mn) 59,329.510 Sep 2024 quarterly Mar 1980 - Sep 2024
Taiwan (USD mn) 49,840.133 Sep 2024 quarterly Dec 1983 - Sep 2024
Tajikistan (USD mn) 3,396.759 2022 yearly 1993 - 2022

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
National Government Debt (USD mn) 88,444.7 Jun 2024 quarterly Dec 2006 - Jun 2024
Government Debt: % of GDP (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 66,957.878 Jun 2024 quarterly Dec 2005 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 42,901.0 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,901.010 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Jun 2024 quarterly Mar 2011 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Nov 2024 monthly Nov 2005 - Nov 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 10.7 Aug 2024 monthly Jan 2003 - Aug 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 12.8 Oct 2024 monthly Jul 2015 - Oct 2024

More Indicators for Nigeria

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