Nigeria GDP: Market Prices: Gross Fixed Capital Formation

2010 - 2023 | Quarterly | NGN mn | National Bureau of Statistics

Nigeria GDP: Market Prices: Gross Fixed Capital Formation data was reported at 26,090,661.526 NGN mn in Dec 2023. This records an increase from the previous number of 18,513,103.590 NGN mn for Sep 2023. Nigeria GDP: Market Prices: Gross Fixed Capital Formation data is updated quarterly, averaging 4,002,699.645 NGN mn from Mar 2010 (Median) to Dec 2023, with 56 observations. The data reached an all-time high of 26,090,661.526 NGN mn in Dec 2023 and a record low of 2,079,135.706 NGN mn in Jun 2010. Nigeria GDP: Market Prices: Gross Fixed Capital Formation data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.A001: SNA 2008: GDP: by Expenditure: Current Price.

View Nigeria's Nigeria GDP: Market Prices: Gross Fixed Capital Formation from Mar 2010 to Dec 2023 in the chart:

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Nigeria Nigeria GDP: Market Prices: Gross Fixed Capital Formation
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Nigeria Nigeria GDP: Market Prices: Gross Fixed Capital Formation

What was Nigeria's Nigeria GDP: Market Prices: Gross Fixed Capital Formation in Dec 2023?

Last Previous Min Max Unit Frequency Range
26,090,661.526 Dec 2023 18,513,103.590 Sep 2023 2,079,135.706 Jun 2010 26,090,661.526 Dec 2023 NGN mn quarterly Mar 2010 - Dec 2023

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Nigeria Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 6,977.346 2028 yearly 1990 - 2028
Forecast: Nominal GDP Per Capita (USD) 3,860.079 2027 yearly 1990 - 2027
Forecast: Real GDP Growth (%) 2.904 2027 yearly 1991 - 2027
GDP Deflator Growth (%) 11.3 Dec 2022 quarterly Mar 2011 - Dec 2022
GDP per Capita (USD) 2,057.020 2021 yearly 1981 - 2021
Gross Fixed Capital Formation (USD mn) 30,927.816 Dec 2023 quarterly Mar 2010 - Dec 2023
Gross National Product (GNP) (USD mn) 355,832.510 2023 yearly 1960 - 2023
Gross Savings Rate (%) 34.6 2023 yearly 1981 - 2023
Investment: % of GDP (%) 36.1 2023 yearly 1981 - 2023
Nominal GDP (USD mn) 111,302.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Nominal GDP Growth (%) 16.939 Jun 2024 quarterly Mar 2011 - Jun 2024
Private Consumption Expenditure (USD mn) 44,757.800 Dec 2023 quarterly Mar 2010 - Dec 2023
Private Consumption: % of GDP (%) 61.2 2023 yearly 1981 - 2023
Public Consumption Expenditure (USD mn) 3,241.642 Dec 2023 quarterly Mar 2010 - Dec 2023
Public Consumption: % of GDP (%) 4.3 2023 yearly 1981 - 2023
Real GDP Growth (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 39.325 Dec 2023 quarterly Mar 2010 - Dec 2023
Production Last Frequency Range
Gold Production (kg) 350.000 2022 yearly 1993 - 2022
Industrial Production Index Growth (%) 4.1 Jun 2024 quarterly Mar 2011 - Jun 2024
Minerals Production (Metric Ton) 107,328,470.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 2,040.000 2008 yearly 1999 - 2008
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 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
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 46,488,079.000 Dec 2020 quarterly Mar 2012 - Dec 2020
Forecast: Population (Person mn) 250.830 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 22.562 2018 yearly 2010 - 2018
Labour Force Participation Rate (%) 59.1 2023 yearly 1990 - 2023
Labour Productivity Growth (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Population (Person mn) 211.5 2021 yearly 1950 - 2021
Unemployment Rate (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Domestic Trade and Household Survey Last Frequency Range
Consumer Confidence Growth (% Point) -1.3 Dec 2020 quarterly Jun 2010 - Dec 2020
Consumer Confidence: Net Balance (% Point) 28.9 Dec 2020 quarterly Jun 2009 - Dec 2020
Motor Vehicle Sales: Commercial Cars (Unit) 4,700.000 2019 yearly 2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit) 5,100.000 2019 yearly 2005 - 2019
Motor Vehicles Sales (Unit) 9,800 2019 yearly 2005 - 2019
Motor Vehicles Sales Growth (%) -42.4 2019 yearly 2006 - 2019

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