Unemployment Rate in Nigeria increased to 4.90 percent in the fourth quarter of 2024 from 4.60 percent in the third quarter of 2024. Unemployment Rate in Nigeria averaged 4.49 percent from 1991 until 2024, reaching an all time high of 10.70 percent in the fourth quarter of 2019 and a record low of 3.70 percent in the fourth quarter of 2013. source: National Bureau of Statistics, Nigeria
Unemployment Rate in Nigeria is expected to be 4.90 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 5.00 percent in 2027 and 4.80 percent in 2028, according to our econometric models.