Nigeria NG: GDP: % of GDP: Gross Fixed Capital Formation

Nigeria NG: GDP: % of GDP: Gross Fixed Capital Formation data was reported at 14.698 % in 2016. This records a decrease from the previous number of 14.827 % for 2015. Nigeria NG: GDP: % of GDP: Gross Fixed Capital Formation data is updated yearly, averaging 12.027 % from Dec 1981 (Median) to 2016, with 36 observations. The data reached an all-time high of 35.221 % in 1981 and a record low of 5.459 % in 2005. Nigeria NG: GDP: % of GDP: Gross Fixed Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Share of GDP. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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What was Nigeria's Nigeria NG: GDP: % of GDP: Gross Fixed Capital Formation in 2016?

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