Nigeria Unemployment Rate - Forecast

Unemployment Rate in Nigeria is expected to be 17.00 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 14.10 in 12 months time. In the long-term, the Nigeria Unemployment Rate is projected to trend around 15.00 percent in 2020, according to our econometric models.


Nigeria Unemployment Rate
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Nigeria Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 18.8 17 17 15.2 14.1 15
Population 191 190 190 197 198 193
Living Wage Family 131700 138700 138700 139900 131700 139900
Living Wage Individual 40100 40100 40100 40100 40100 40100
Employed Persons 69090 68940 70418 68939 68939 74705
Employment Change 187226 308102 110000 319332 312693 200000
Employment Rate 81.2 75.8 86.7 75.81 76.29 87.6
Unemployed Persons 15998 20783 12885 20585 20043 12465
Wages High Skilled 57200 57600 57600 57600 57200 58500
Wages Low Skilled 25500 27500 27500 27500 27500 28500
Youth Unemployment Rate 33.1 37.82 20.8 37.14 36.28 18.9