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 December of 2022.
Unemployment Rate in Nigeria is expected to be 38.00 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 40.00 percent in 2023 and 43.00 percent in 2024, according to our econometric models.