Nigeria Unemployment Rate  Forecast


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Unemployment Rate in Nigeria is expected to be 14.40 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 13.90 in 12 months time. In the long-term, the Nigeria Unemployment Rate is projected to trend around 13.40 percent in 2020, according to our econometric models.


Nigeria Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 14.2 14.4 14.2 14 13.9 13.4
Population 186 186 190 190 190 193
Living Wage Family 131700 131700 131700 131700 131700 131700
Living Wage Individual 40100 40100 40100 40100 40100 40100
Employed Persons 69603 68902 69064 68778 68368 74705
Employment Change 187226 60000 266864 281930 308102 200000
Employment Rate 85.8 86.2 90.47 91.71 92.77 87.6
Unemployed Persons 11549 13065 8064 6924 5907 12465
Wages High Skilled 57200
Wages Low Skilled 25500 25500 25500 25500 25500 25500
Youth Unemployment Rate 25.2 21.8 17.51 15.31 13.38 18.9