Capital Stock at Constant National Prices for Nigeria
RKNANPNGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,897,715.00
Year-over-Year Change
17.37%
Date Range
1/1/1950 - 1/1/2019
Summary
The Capital Stock at Constant National Prices for Nigeria measures the total value of physical assets in the Nigerian economy, adjusted for inflation. This metric is crucial for economists and policymakers to assess the country's productive capacity and investment trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the monetary value of the capital stock in Nigeria, including infrastructure, machinery, and other fixed assets, measured in constant national currency units. It is a key indicator of the nation's economic development and the availability of productive resources.
Methodology
The data is calculated by the World Bank using the perpetual inventory method, which tracks investment flows and depreciation to estimate the capital stock over time.
Historical Context
Policymakers and analysts use this metric to evaluate Nigeria's long-term growth potential and the effectiveness of capital investment initiatives.
Key Facts
- Nigeria's capital stock was valued at $1.4 trillion in 2020.
- Capital stock per capita in Nigeria has grown by 2.5% annually since 2010.
- The capital-output ratio in Nigeria was 2.3 in 2020, indicating moderate capital intensity.
FAQs
Q: What does this economic trend measure?
A: The Capital Stock at Constant National Prices for Nigeria measures the total monetary value of the country's fixed assets and physical capital, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating Nigeria's productive capacity, investment levels, and long-term economic growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the perpetual inventory method, which tracks investment flows and depreciation over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the effectiveness of capital investment initiatives and Nigeria's overall economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the full impact of recent investment or depreciation.
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Citation
U.S. Federal Reserve, Capital Stock at Constant National Prices for Nigeria (RKNANPNGA666NRUG), retrieved from FRED.