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. 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 April of 2020. source: National Bureau of Statistics, Nigeria

Unemployment Rate in Nigeria is expected to be 28.00 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 29.90 in 12 months time. In the long-term, the Nigeria Unemployment Rate is projected to trend around 31.40 percent in 2021 and 32.00 percent in 2022, according to our econometric models.

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Nigeria Unemployment Rate

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


Calendar GMT Actual Previous Consensus TEForecast
2016-05-20 03:30 PM Q1 12.1% 10.4% 10.9%
2016-08-31 10:25 AM Q2 13.3% 12.1% 13%
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%


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.