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 June of 2021.
Unemployment Rate in Nigeria is expected to be 31.90 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 30.00 in 12 months time. In the long-term, the Nigeria Unemployment Rate is projected to trend around 28.00 percent in 2022 and 26.00 percent in 2023, according to our econometric models.