Unemployment Rate in Nigeria increased to 23.10 percent in the third quarter of 2018 from 22.70 percent in the second quarter of 2018. Unemployment Rate in Nigeria averaged 12.31 percent from 2006 until 2018, reaching an all time high of 23.10 percent in the third quarter of 2018 and a record low of 5.10 percent in the fourth quarter of 2010.

Unemployment Rate in Nigeria is expected to be 27.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Nigeria to stand at 28.20 in 12 months time. In the long-term, the Nigeria Unemployment Rate is projected to trend around 32.00 percent in 2020, according to our econometric models.

Nigeria Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2016-05-20 03:30 PM Unemployment Rate Q1 12.1% 10.4% 10.9%
2016-08-31 10:25 AM Unemployment Rate Q2 13.3% 12.1% 13%
2016-12-21 11:45 AM Unemployment Rate Q3 13.9% 13.3% 13.5%
2017-06-15 09:15 AM Unemployment Rate Q4 14.2% 13.9% 14.1%


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 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
23.10 22.70 23.10 5.10 2006 - 2018 percent Quarterly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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