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 December of 2022.

Youth Unemployment Rate in Nigeria is expected to be 58.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Youth Unemployment Rate is projected to trend around 57.00 percent in 2023 and 56.00 percent in 2024, according to our econometric models.

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Nigeria Youth Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 33.30 27.10 percent Dec 2020
Employed Persons 46488.00 58527.00 Thousand Dec 2020
Employment Rate 66.70 72.90 percent Dec 2020
Youth Unemployment Rate 53.40 40.80 percent Dec 2020
Unemployed Persons 23187.00 21765.00 Thousand Dec 2020
Employment Change 187226.00 155444.00 Jobs Sep 2016