Nigeria

Capital Formation (Local Currency)

17205.51
billion currency units
Source: IMF

Global Ranking

2
Indonesia1343573.26
3
South Korea177355.4
4
Colombia58963.45
5
Japan31437.6
6
India18969.48
7
Nigeria17205.51
8
Chile15750.35
9
Paraguay14888.51
10
Russia10299
11
Mongolia6263.22
12
Kazakhstan3985.01

Africa Ranking

1
Nigeria17205.51
2
Algeria2304.5
3
Senegal1683.05
4
Cameroon1091.9
5
Rwanda763
6
Egypt392.1

News

Definition of Capital Formation (Local Currency)

Gross fixed capital formation including land improvements; 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.

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