Unemployment Rate in Nigeria increased to 33.30 percent in the fourth quarter of 2020 from 27.10 percent in the second quarter of 2020. source: National Bureau of Statistics, Nigeria

Unemployment Rate in Nigeria averaged 13.55 percent from 2006 until 2020, reaching an all time high of 33.30 percent in the fourth quarter of 2020 and a record low of 5.10 percent in the fourth quarter of 2010. This page provides the latest reported value for - Nigeria Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Unemployment Rate in Nigeria is expected to be 32.70 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 32.00 percent in 2022 and 30.00 percent in 2023, according to our econometric models.

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Nigeria Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
33.30 27.10 33.30 5.10 2006 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2016-05-20 03:30 PM Q1 12.1% 10.4% 10.9%
2016-08-31 10:25 AM Q2 13.3% 12.1% 13%
2016-12-21 11:45 AM Q3 13.9% 13.3% 13.5%
2017-06-15 09:15 AM Q4 14.2% 13.9% 14.1%

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.