Unemployment Rate in Nigeria increased to 4.20 percent in the second quarter of 2023 from 4.10 percent in the first quarter of 2023. Unemployment Rate in Nigeria averaged 4.16 percent from 1991 until 2023, reaching an all time high of 6.00 percent in the fourth quarter of 2020 and a record low of 3.70 percent in the fourth quarter of 2013. source: National Bureau of Statistics, Nigeria

Unemployment Rate in Nigeria is expected to be 5.00 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 5.40 percent in 2024 and 4.50 percent in 2025, according to our econometric models.

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Nigeria Unemployment Rate


Related Last Unit Reference
Unemployment Rate 4.20 percent Jun 2023
Employment Rate 77.10 percent Jun 2023
Youth Unemployment Rate 7.20 percent Jun 2023
Employed Persons 46488.00 Thousand Dec 2020
Unemployed Persons 23187.00 Thousand Dec 2020
Employment Change 187226.00 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
4.20 4.10 6.00 3.70 1991 - 2023 percent Quarterly