The number of unemployed persons in Nigeria increased to 15998 Thousand in the third quarter of 2017 from 13585.20 Thousand in the second quarter of 2017. Unemployed Persons in Nigeria averaged 9684.11 Thousand from 2014 until 2017, reaching an all time high of 15998 Thousand in the third quarter of 2017 and a record low of 4672 Thousand in the fourth quarter of 2014. source: National Bureau of Statistics, Nigeria

Unemployed Persons in Nigeria is expected to be 23000.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Nigeria to stand at 26500.00 in 12 months time. In the long-term, the Nigeria Unemployed Persons is projected to trend around 27300.00 Thousand in 2020, according to our econometric models.

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Nigeria Unemployed Persons

Actual Previous Highest Lowest Dates Unit Frequency
20927.60 20343.60 20927.60 4672.00 2014 - 2018 Thousand Quarterly
NSA
Nigeria Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.10 22.70 23.10 5.10 percent [+]
Population 195.87 190.87 195.87 45.14 Million [+]
Living Wage Family 137600.00 135300.00 137600.00 135300.00 NGN/Month [+]
Living Wage Individual 43200.00 41800.00 43200.00 41800.00 NGN/Month [+]
Employed Persons 69542.90 69165.60 70665.90 66951.00 Thousand [+]
Employment Rate 76.90 77.30 93.60 76.90 percent [+]
Unemployed Persons 20927.60 20343.60 20927.60 4672.00 Thousand [+]
Wages High Skilled 57200.00 57200.00 57200.00 57200.00 NGN/Month [+]
Wages Low Skilled 25500.00 25500.00 25500.00 25500.00 NGN/Month [+]
Youth Unemployment Rate 36.50 38.00 38.00 11.70 percent [+]
Minimum Wages 30000.00 18000.00 30000.00 18000.00 NGN/Month [+]