Nigeria Unemployment Rate

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 26.00 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 32.00 in 12 months time. In the long-term, the Nigeria Unemployment Rate is projected to trend around 33.50 percent in 2020, according to our econometric models.

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Calendar	GMT		Previous	TEForecast
2019-06-25	09:15 AM	Unemployment Rate
2019-06-25	09:15 AM	Unemployment Rate	23.1%	23.8%

Nigeria Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	23.10	22.70	23.10	5.10	percent	[+]
Population	190.89	185.99	190.89	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	81.20	83.80	93.60	81.20	percent	[+]
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	[+]
Unemployed Persons	20927.60	20343.60	20927.60	4672.00	Thousand	[+]
Minimum Wages	30000.00	18000.00	30000.00	18000.00	NGN/Month	[+]

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 May of 2019.

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

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Country	Last		Previous	Range
South Africa	27.10	Dec/18	27.5	31.2 : 21.5	%
Spain	14.70	Mar/19	14.45	26.94 : 4.41	%
Turkey	14.70	Jan/19	13.5	14.8 : 7.3	%
Brazil	12.70	Mar/19	12.4	13.7 : 6.2	%
Italy	10.20	Mar/19	10.5	13.1 : 5.8	%
Argentina	9.10	Dec/18	9	20.8 : 5.9	%
France	8.80	Dec/18	9.1	10.7 : 7.2	%
Euro Area	7.70	Mar/19	7.8	12.1 : 7.3	%
Saudi Arabia	6.00	Dec/18	6	6.3 : 4.35	%
Canada	5.70	Apr/19	5.8	13.1 : 2.9	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Australia	5.00	Mar/19	4.9	11.2 : 4	%
Russia	4.70	Mar/19	4.9	14.1 : 4.5	%
United Kingdom	3.90	Feb/19	3.9	12 : 3.4	%
South Korea	3.80	Mar/19	3.7	7.1 : 3	%
China	3.67	Mar/19	3.8	4.3 : 3.67	%
United States	3.60	Apr/19	3.8	10.8 : 2.5	%
India	3.53	Dec/18	3.52	8.3 : 3.41	%
Netherlands	3.30	Mar/19	3.4	7.9 : 3.3	%
Germany	3.20	Mar/19	3.2	11.5 : 0.4	%
Mexico	3.20	Mar/19	3.3	6.42 : 2.22	%
Japan	2.50	Mar/19	2.3	5.5 : 1	%
Switzerland	2.40	Apr/19	2.5	5.7 : 1.5	%
Singapore	2.20	Mar/19	2.2	6 : 1.4	%