Nigeria unemployment rateNigeria unemployment rateNigeria unemployment rate

Nigeria unemployment rate

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Key data points


Last release
Observation period
Q4 2024
Next release
Forecast
Highest
6.00%on Dec 31, 2020
Lowest
3.70%on Dec 31, 2013

Details


Category
Labor
Frequency
Quarterly
Units
%
In Nigeria, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Frequently asked questions


To calculate Nigeria unemployment rate you need to take the number of the country residents without a job and looking for work divided by the total number of residents in the labor force.
The lowest ever Nigeria unemployment rate is 3.70%.
The highest figure Nigeria unemployment rate has ever reached is 6.00%.
Last quarter Nigeria unemployment rate was 4.90%, and the quarter before it reached 4.60%.