Total capital expenditure and net lending (current LCU) in Nigeria
Nigeria: Total capital expenditure and net lending (current LCU) was 1.01 trillion current LCU in 2005. ◆ Volatile
Total capital expenditure and net lending in Nigeria, 1994–2005
Source: World Bank country economists. Measured in current LCU.
Analysis
In 2005, total capital expenditure and net lending in Nigeria stood at 1.01 trillion current LCU. That is the highest value across all 12 years on record.
The figure is up 72.7% on the previous year and up 870.3% over ten years.
Over the whole period, total capital expenditure and net lending in Nigeria peaked at 1.01 trillion current LCU in 2005 and was at its lowest, 84.51 billion current LCU, in 1994.
That places Nigeria 11th out of 51 countries with data for 2005, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total capital expenditure and net lending (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 84.51 billion current LCU | — |
| 1995 | 103.86 billion current LCU | +22.9% |
| 1996 | 147.30 billion current LCU | +41.8% |
| 1997 | 312.27 billion current LCU | +112.0% |
| 1998 | 429.00 billion current LCU | +37.4% |
| 1999 | 596.55 billion current LCU | +39.1% |
| 2000 | 274.00 billion current LCU | -54.1% |
| 2001 | 664.00 billion current LCU | +142.3% |
| 2002 | 414.00 billion current LCU | -37.7% |
| 2003 | 409.86 billion current LCU | -1.0% |
| 2004 | 583.44 billion current LCU | +42.4% |
| 2005 | 1.01 trillion current LCU | +72.7% |
Nigeria compared with similar countries
- Nigeria's 1.01 trillion current LCU is above the median for lower middle income countries, which is 146.10 billion current LCU, 6.9× the median. (24 countries reporting)
- Nigeria's 1.01 trillion current LCU is above the median for Sub-Saharan Africa, which is 146.10 billion current LCU, 6.9× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 278.91 billion current LCU | 84.51 billion current LCU | 596.55 billion current LCU | 6 |
| 2000s | 558.84 billion current LCU | 274.00 billion current LCU | 1.01 trillion current LCU | 6 |
Countries ranked near Nigeria
More science & technology data for Nigeria
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 70.76 (2024)
- Mobile cellular subscriptions by country, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0.0007 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 164.65 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 246.4 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -28.14 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate -26.63 % change on previous year (2024)
- Patent applications, nonresidents, gaps filled 598 (2020)
- Patent applications, nonresidents 598 (2020)
Frequently asked questions
- What is total capital expenditure and net lending in Nigeria?
- Total capital expenditure and net lending in Nigeria was 1.01 trillion current LCU in 2005, according to World Bank country economists.
- What is the highest total capital expenditure and net lending recorded in Nigeria?
- The highest recorded value was 1.01 trillion current LCU in 2005.
- What is the lowest total capital expenditure and net lending recorded in Nigeria?
- The lowest recorded value was 84.51 billion current LCU in 1994.
- How does Nigeria rank for total capital expenditure and net lending?
- Nigeria ranks 11th out of 51 countries with data for 2005.
- Is total capital expenditure and net lending rising or falling in Nigeria?
- Over the last ten years it is up 870.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Total capital expenditure and net lending (current LCU). Statizoid updates them automatically from the source API.
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About this data
Expenditure for acquisition of land, intangible assets, government stocks, and nonmilitary and nonfinancial assets; also for capital grants and lending minus repayments. Data are in current local currency.