Youth Unemployment Rate in Nigeria decreased to 36.50 percent in the third quarter of 2018 from 38 percent in the second quarter of 2018. Youth Unemployment Rate in Nigeria averaged 23.63 percent from 2014 until 2018, reaching an all time high of 38 percent in the second quarter of 2018 and a record low of 11.70 percent in the fourth quarter of 2014. source: National Bureau of Statistics, Nigeria
Youth Unemployment Rate in Nigeria is expected to be 39.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Nigeria to stand at 43.00 in 12 months time. In the long-term, the Nigeria Youth Unemployment Rate is projected to trend around 42.50 percent in 2020, according to our econometric models.