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 14.877 USD bn in Dec 2024.
  • This records an increase from the previous number of 13.047 USD bn for Sep 2024.
  • Nigeria Gross Fixed Capital Formation data is updated quarterly, averaging 0.000 USD mn from Mar 2010 to Dec 2024, with 60 observations.
  • 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 Dec 2024 in the chart:

Nigeria Gross Fixed Capital Formation

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

Nigeria Gross Fixed Capital Formation was reported at 14.877 USD bn in Dec 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
14,876.726 Dec 2024 13,047.474 Sep 2024 0.000 - 0.000 - USD mn quarterly Mar 2010 - Dec 2024

Gross Fixed Capital Formation by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 1,791.084 Jun 2025 quarterly Mar 1995 - Jun 2025
Algeria (USD mn) 94,795.664 2024 yearly 1957 - 2024
Argentina (USD mn) 28,594.150 Jun 2025 quarterly Mar 1993 - Jun 2025
Armenia (USD mn) 1,550.555 Sep 2025 quarterly Dec 1994 - Sep 2025
Australia (USD mn) 114,989.726 Sep 2025 quarterly Sep 1959 - Sep 2025
Austria (USD mn) 33,782.733 Jun 2025 quarterly Mar 1988 - Jun 2025
Azerbaijan (USD mn) 2,807.529 Jun 2025 quarterly Mar 2001 - Jun 2025
Bahrain (USD mn) 13,629.867 2024 yearly 1975 - 2024
Bangladesh (USD mn) 135,026.808 2025 yearly 1980 - 2025
Belarus (USD mn) 5,326.989 Jun 2025 quarterly Mar 1994 - Jun 2025
Belgium (USD mn) 44,778.977 Sep 2025 quarterly Mar 1980 - Sep 2025
Bolivia (USD mn) 2,299.872 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (USD mn) 6,367.905 2023 yearly 1995 - 2023
Botswana (USD mn) 1,366.926 Jun 2025 quarterly Mar 2006 - Jun 2025
Brazil (USD mn) 94,030.111 Jun 2025 quarterly Mar 1995 - Jun 2025
Brunei (USD mn) 1,211.354 Jun 2025 quarterly Mar 2004 - Jun 2025
Bulgaria (USD mn) 5,770.356 Jun 2025 quarterly Mar 1995 - Jun 2025
Cambodia (USD mn) 13,640.359 2022 yearly 1993 - 2022
Canada (USD mn) 134,718.310 Sep 2025 quarterly Mar 1957 - Sep 2025
Chile (USD mn) 21,669.389 Sep 2025 quarterly Mar 1990 - Sep 2025
China (USD mn) 7,474,820.154 2024 yearly 1957 - 2024
Colombia (USD mn) 19,637.698 Sep 2025 quarterly Mar 2000 - Sep 2025
Croatia (USD mn) 6,854.384 Sep 2025 quarterly Mar 1995 - Sep 2025
Cyprus (USD mn) 1,987.242 Sep 2025 quarterly Mar 1995 - Sep 2025
Czech Republic (USD mn) 26,951.827 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (USD mn) 26,006.795 Sep 2025 quarterly Mar 1990 - Sep 2025
Ecuador (USD mn) 5,512.414 Jun 2025 quarterly Mar 1991 - Jun 2025
Egypt (USD mn) 15,076.125 Jun 2025 quarterly Jun 2004 - Jun 2025
Estonia (USD mn) 2,714.753 Sep 2025 quarterly Mar 1995 - Sep 2025
European Union (USD mn) 1,120,688.095 Jun 2025 quarterly Mar 1999 - Jun 2025
Finland (USD mn) 17,694.240 Sep 2025 quarterly Mar 1990 - Sep 2025
France (USD mn) 191,129.810 Sep 2025 quarterly Mar 1957 - Sep 2025
Georgia (USD mn) 1,876.988 Jun 2025 quarterly Mar 1996 - Jun 2025
Germany (USD mn) 264,777.907 Sep 2025 quarterly Mar 1991 - Sep 2025
Ghana (USD mn) 8,126.869 2024 yearly 2006 - 2024
Greece (USD mn) 10,809.718 Jun 2025 quarterly Mar 1995 - Jun 2025
Hong Kong SAR, China (USD mn) 18,704.364 Sep 2025 quarterly Mar 1973 - Sep 2025
Hungary (USD mn) 15,874.810 Sep 2025 quarterly Mar 1995 - Sep 2025
Iceland (USD mn) 2,610.127 Sep 2025 quarterly Mar 1995 - Sep 2025
India (USD mn) 297,749.691 Sep 2025 quarterly Jun 1996 - Sep 2025
Indonesia (USD mn) 107,715.111 Sep 2025 quarterly Mar 1993 - Sep 2025
Iran (USD mn) 20,200.773 Jun 2025 quarterly Jun 1988 - Jun 2025
Ireland (USD mn) 34,552.656 Jun 2025 quarterly Mar 1995 - Jun 2025
Israel (USD mn) 38,291.321 Sep 2025 quarterly Mar 1995 - Sep 2025
Italy (USD mn) 148,469.421 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (USD mn) 20,117.379 2024 yearly 1960 - 2024
Japan (USD mn) 280,607.711 Sep 2025 quarterly Mar 1980 - Sep 2025
Jordan (USD mn) 10,837.800 2023 yearly 1963 - 2023
Kazakhstan (USD mn) 16,709.855 Jun 2025 quarterly Mar 2007 - Jun 2025
Kenya (USD mn) 21,105.277 2024 yearly 1964 - 2024
South Korea (USD mn) 137,346.387 Sep 2025 quarterly Mar 1960 - Sep 2025
Kosovo (USD mn) 972.752 Jun 2025 quarterly Mar 2010 - Jun 2025
Kuwait (USD mn) 29,731.557 2019 yearly 1963 - 2019
Kyrgyzstan (USD mn) 1,385.214 Jun 2025 quarterly Mar 2008 - Jun 2025
Latvia (USD mn) 3,357.758 Sep 2025 quarterly Mar 1995 - Sep 2025
Lebanon (USD mn) 37,957.150 2023 yearly 1997 - 2023
Lithuania (USD mn) 5,429.995 Jun 2025 quarterly Mar 1995 - Jun 2025
Luxembourg (USD mn) 3,697.030 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (USD mn) 1,335.911 Sep 2025 quarterly Mar 1998 - Sep 2025
North Macedonia (USD mn) 3,982.380 2024 yearly 1990 - 2024
Malawi (USD mn) 943.616 2019 yearly 1973 - 2019
Malaysia (USD mn) 25,327.654 Sep 2025 quarterly Mar 1991 - Sep 2025
Malta (USD mn) 1,278.123 Sep 2025 quarterly Mar 1995 - Sep 2025
Mauritius (USD mn) 819.059 Jun 2025 quarterly Mar 1999 - Jun 2025
Mexico (USD mn) 106,231.380 Jun 2025 quarterly Mar 1993 - Jun 2025
Moldova (USD mn) 1,127.876 Jun 2025 quarterly Mar 1995 - Jun 2025
Mongolia (USD mn) 1,735.262 Sep 2025 quarterly Mar 2010 - Sep 2025
Montenegro (USD mn) 538.968 Jun 2025 quarterly Mar 2006 - Jun 2025
Morocco (USD mn) 42,495.953 2024 yearly 1957 - 2024
Mozambique (USD mn) 3,242.242 2020 yearly 1991 - 2020
Nepal (USD mn) 10,786.614 2025 yearly 2001 - 2025
Netherlands (USD mn) 67,644.068 Sep 2025 quarterly Mar 1988 - Sep 2025
New Zealand (USD mn) 14,689.673 Jun 2025 quarterly Jun 1987 - Jun 2025
Nigeria (USD mn) 14,876.726 Dec 2024 quarterly Mar 2010 - Dec 2024
Norway (USD mn) 31,295.472 Sep 2025 quarterly Mar 1978 - Sep 2025
Oman (USD mn) 27,358.677 2024 yearly 1975 - 2024
Pakistan (USD mn) 51,365.362 2025 yearly 2000 - 2025
Palestinian Territory (USD mn) 804.900 Jun 2025 quarterly Mar 2011 - Jun 2025
Panama (USD mn) 29,014.934 2024 yearly 1996 - 2024
Paraguay (USD mn) 2,905.464 Jun 2025 quarterly Mar 1994 - Jun 2025
Peru (USD mn) 19,409.966 Sep 2025 quarterly Mar 1990 - Sep 2025
Philippines (USD mn) 26,097.590 Sep 2025 quarterly Mar 1981 - Sep 2025
Poland (USD mn) 43,525.144 Sep 2025 quarterly Mar 1995 - Sep 2025
Portugal (USD mn) 18,938.953 Sep 2025 quarterly Mar 1995 - Sep 2025
Qatar (USD mn) 72,228.961 2022 yearly 1994 - 2022
Romania (USD mn) 26,226.396 Jun 2025 quarterly Mar 1995 - Jun 2025
Russia (USD mn) 129,742.577 Jun 2025 quarterly Mar 1993 - Jun 2025
Saudi Arabia (USD mn) 90,484.800 Jun 2025 quarterly Mar 2003 - Jun 2025
Serbia (USD mn) 6,101.636 Sep 2025 quarterly Mar 1995 - Sep 2025
Singapore (USD mn) 33,677.027 Sep 2025 quarterly Mar 1975 - Sep 2025
Slovakia (USD mn) 7,745.191 Jun 2025 quarterly Mar 1995 - Jun 2025
Slovenia (USD mn) 4,381.582 Sep 2025 quarterly Mar 1995 - Sep 2025
South Africa (USD mn) 15,116.003 Sep 2025 quarterly Mar 1960 - Sep 2025
Spain (USD mn) 102,672.633 Sep 2025 quarterly Mar 1995 - Sep 2025
Sri Lanka (USD mn) 5,155.390 Jun 2025 quarterly Mar 2010 - Jun 2025
Sudan (USD mn) 1,433.914 2024 yearly 1976 - 2024
Sweden (USD mn) 40,671.020 Sep 2025 quarterly Mar 1980 - Sep 2025
Switzerland (USD mn) 70,062.077 Sep 2025 quarterly Mar 1980 - Sep 2025
Taiwan (USD mn) 58,889.273 Sep 2025 quarterly Dec 1983 - Sep 2025
Tajikistan (USD mn) 3,465.140 2023 yearly 1993 - 2023

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025
Government Debt: % of GDP (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025
Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030
Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030
Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports (USD mn) 4,858.0 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports Growth (%) 22.6 Jun 2025 monthly Jan 2004 - Jun 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 2.5 Jun 2025 monthly Jan 2004 - Jun 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 264.685 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports from USA (USD mn) 503.329 Jun 2025 monthly Dec 2009 - Jun 2025
Total Exports to China (USD mn) 174.147 Jun 2025 monthly Jan 2007 - Jun 2025
Total Imports from China (USD mn) 1,013.525 Jun 2025 monthly Jan 2007 - Jun 2025
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - 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 (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 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 UK (NGN mn) 134,085.602 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 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: Manufactured Goods (NGN mn) 488,494.173 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: Machinery and Transport Equipment (NGN mn) 1,432,150.870 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: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -551.1 Mar 2025 quarterly Mar 2008 - Mar 2025
Current Account Balance (USD mn) 3,726.7 Mar 2025 quarterly Mar 2014 - Mar 2025
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 246.9 Mar 2025 quarterly Mar 2014 - Mar 2025
Foreign Direct Investment: % of GDP (%) 0.4 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment (USD mn) -5,026.384 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: % of GDP (%) -8.1 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -133.9 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -4,892.510 Mar 2025 quarterly Mar 2008 - Mar 2025
External Debt (USD mn) 46,983.4 Jun 2025 quarterly Dec 2006 - Jun 2025
External Debt: % of GDP (%) 18.6 2024 yearly 1985 - 2024
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) 2.643 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,555.096 2024 yearly 2005 - 2024
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 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) 27,684.996 Oct 2025 monthly Apr 1990 - Oct 2025
Money Supply M2 (USD mn) 83,749.939 Oct 2025 monthly Apr 1990 - Oct 2025
M2 Growth (%) 10.2 Oct 2025 monthly Apr 1991 - Oct 2025
Reserve Requirement Ratio (%) 45.0 Oct 2025 monthly Nov 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 38,880.0 Jan 2025 monthly Jan 1960 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 16.359 Dec 2024 quarterly Dec 2010 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025
Gold Reserves (USD mn) 2,152.409 Mar 2025 monthly Dec 1950 - Mar 2025
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) 69,798.2 Oct 2025 monthly Apr 1990 - Oct 2025
Domestic Credit Growth (%) -12.6 Oct 2025 monthly Apr 1991 - Oct 2025
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
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) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025

More Indicators for Nigeria

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