Youth Unemployment Rate in Nigeria increased to 53.40 percent in the fourth quarter of 2020 from 40.80 percent in the second quarter of 2020. source: National Bureau of Statistics, Nigeria

Youth Unemployment Rate in Nigeria averaged 25.87 percent from 2014 until 2020, reaching an all time high of 53.40 percent in the fourth quarter of 2020 and a record low of 11.70 percent in the fourth quarter of 2014. This page provides - Nigeria Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Youth Unemployment Rate - values, historical data and charts - was last updated on August of 2021.

Youth Unemployment Rate in Nigeria is expected to be 54.40 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 52.80 in 12 months time. In the long-term, the Nigeria Youth Unemployment Rate is projected to trend around 53.00 percent in 2022 and 51.00 percent in 2023, according to our econometric models.

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Nigeria Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
53.40 40.80 53.40 11.70 2014 - 2020 percent Quarterly
NSA

Nigeria Labour Last Previous Highest Lowest Unit
Unemployment Rate 33.30 27.10 33.30 5.10 percent [+]
Population 206.14 200.00 206.14 45.14 Million [+]
Unemployed Persons 23187.00 21765.00 23187.00 4672.00 Thousand [+]
Youth Unemployment Rate 53.40 40.80 53.40 11.70 percent [+]
Minimum Wages 30000.00 30000.00 30000.00 18000.00 NGN/Month [+]
Employed Persons 58527.00 69542.90 70665.90 58527.00 Thousand [+]
Employment Rate 66.70 72.90 93.60 66.70 percent [+]