Unemployment Rate in Nigeria increased to 33.30 percent in the fourth quarter of 2020 from 27.10 percent in the second quarter of 2020. source: National Bureau of Statistics, Nigeria

Unemployment Rate in Nigeria averaged 13.55 percent from 2006 until 2020, reaching an all time high of 33.30 percent in the fourth quarter of 2020 and a record low of 5.10 percent in the fourth quarter of 2010. This page provides the latest reported value for - Nigeria Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Unemployment Rate in Nigeria is expected to be 40.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Unemployment Rate is projected to trend around 43.00 percent in 2024 and 44.00 percent in 2025, according to our econometric models.

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Nigeria Unemployment Rate

Calendar GMT Actual Previous Consensus TEForecast
2016-12-21 11:45 AM Q3 13.9% 13.3% 13.5%
2017-06-15 09:15 AM Q4 14.2% 13.9% 14.1%

Related Last Previous Unit Reference
Unemployment Rate 33.30 27.10 percent Dec 2020
Youth Unemployment Rate 53.40 40.80 percent Dec 2020
Employed Persons 46488.00 58527.00 Thousand Dec 2020
Unemployed Persons 23187.00 21765.00 Thousand Dec 2020
Employment Rate 66.70 72.90 percent Dec 2020
Employment Change 187226.00 155444.00 Jobs Sep 2016

Nigeria Unemployment Rate
In Nigeria, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
33.30 27.10 33.30 5.10 2006 - 2020 percent Quarterly