Nigeria

Capital Formation (Local Currency)

17205.51
billion currency units
Jun 10Mar 11Dec 11Sep 12Jun 13Mar 14Dec 14Sep 15Jun 16Mar 17Dec 17Sep 18Jun 19Mar 20Dec 20Dec 210.0004.50k9.00k13.50k18.00k
  • Nigeria
  • Global Median
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.

Related Indicators

    Maxinomics LogoThe World's Economic Atlas

    TYPE TO BEGIN SEARCHING