Unemployment in Nigeria
The unemployment rate in Nigeria averaged 11.3% in the decade to 2018, below the 17.3% average for Sub-Saharan Africa. The unemployment rate in 2018 was 22.6%. For more unemployment information, visit our dedicated page.
Nigeria Unemployment Chart
Note: This chart displays Unemployment Rate for Nigeria from 2014 to 2023.
Source: Macrobond.
Nigeria Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 5.2 | 5.7 | 5.4 | 3.8 | 3.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian unemployment projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Nigerian unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian unemployment projections.
Want to get access to the full dataset of Nigerian unemployment forecasts? Send an email to info@focus-economics.com.