Unemployment Rate in Nigeria decreased to 4.30 percent in the second quarter of 2024 from 5.30 percent in the first quarter of 2024. This dataset 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.

Уровень безработицы среди молодежи в Нигерии снизился до 6,50 процента во втором квартале 2024 года с 8,40 процента в первом квартале 2024 года. Эта страница предоставляет - Уровень безработицы среди молодежи в Нигерии - фактические значения, исторические данные, прогноз, график, статистику, экономический календарь и новости.

In 2024, the estimated youth unemployment rate in Nigeria was at almost 5.05 percent. According to the source, the data are estimates from the International Labour Organization, an agency of the United Nations developing policies to set labor standards. Employment in Nigeria The youth unemployment rate refers to the percentage of the unemployed in the age group of 15 to 24 years as compared to the total labor force. Youth unemployment rates are often higher than overall unemployment rates, which is true in Nigeria as well: the general rate of unemployment was approximately six percent in 2018. One reason for this contrast is that many of the youth under age 24 are studying full-time and are unavailable for work due to this. Education in Nigeria Nigeria’s population has a large percentage of young inhabitants, and there is a high demand for educational opportunities for its young populace. After severe cuts in governmental aid following a nationwide recession in 2016, Nigeria’s underfunded higher education system became the focus of ongoing student protests and strikes. Other families have taken a different approach: Nigeria is the top country of origin for international students from the continent of Africa. For example, Nigeria sent over 12,600 students to the U.S. in 2017/18, the most of any African country.

Employment Rate in Nigeria increased to 76.10 percent in the second quarter of 2024 from 73.20 percent in the first quarter of 2024. This dataset provides - Nigeria Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the unemployment rate in Nigeria amounted to 2.99 percent. Between 1991 and 2024, the figure dropped by 0.86 percentage points, though the decline followed an uneven course rather than a steady trajectory.

As of 2023, the State of Abia, registered the highest unemployment rate in Nigeria, at nearly 19 percent. This was followed by FCT and Rivers with rates reaching 13 percent and 14 prcent, respectively. In contrast, Lagos state achieved the lowest unemployment rate, at 5.5 percent.

Actual value and historical data chart for Nigeria Unemployment Female Percent Of Female Labor Force

Actual value and historical data chart for Nigeria Unemployment Youth Total Percent Of Total Labor Force Ages 15 24 National Estimate

South Africa is expected to register the highest unemployment rate in Africa in 2024, with around ** percent of the country's labor force being unemployed. Djibouti and Eswatini followed, with unemployment reaching roughly ** percent and ** percent, respectively. On the other hand, the lowest unemployment rates in Africa were in Niger and Burundi. The continent’s average stood at roughly ***** percent in the same year. Large shares of youth among the unemployed Due to several educational, socio-demographic, and economic factors, the young population is more likely to face unemployment in most regions of the world. In 2024, the youth unemployment rate in Africa was projected at around ** percent. The situation was particularly critical in certain countries. In 2022, Djibouti recorded a youth unemployment rate of almost ** percent, the highest rate on the continent. South Africa followed, with around ** percent of the young labor force being unemployed. Wide disparities in female unemployment Women are another demographic group often facing high unemployment. In Africa, the female unemployment rate stood at roughly ***** percent in 2023, compared to *** percent among men. The average female unemployment on the continent was not particularly high. However, there were significant disparities among African countries. Djibouti and South Africa topped the ranking once again in 2022, with female unemployment rates of around ** percent and ** percent, respectively. In contrast, Niger, Burundi, and Chad were far below Africa’s average, as only roughly *** percent or lower of the women in the labor force were unemployed.

Nigeria Google Search Trends: Economic Measures: Unemployment data was reported at 9.000 Score in 29 Nov 2025. This records a decrease from the previous number of 11.000 Score for 28 Nov 2025. Nigeria Google Search Trends: Economic Measures: Unemployment data is updated daily, averaging 22.000 Score from Dec 2021 (Median) to 29 Nov 2025, with 1460 observations. The data reached an all-time high of 68.000 Score in 03 Dec 2022 and a record low of 0.000 Score in 08 Nov 2025. Nigeria Google Search Trends: Economic Measures: Unemployment data remains active status in CEIC and is reported by Google Trends. The data is categorized under Global Database’s Nigeria – Table NG.Google.GT: Google Search Trends: by Categories.

Unemployment, total (% of total labor force) (national estimate) in Nigeria was reported at 3.454 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Unemployment, total (national estimate) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Unemployment, total (% of total labor force) (modeled ILO estimate) in Nigeria was reported at 2.989 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Unemployment, total - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Unemployment, male (% of male labor force) (modeled ILO estimate) in Nigeria was reported at 2.041 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Unemployment, male - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Unemployment with advanced education, female (% of female labor force with advanced education) in Nigeria was reported at 11.86 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Unemployment with advanced education, female - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Nigeria’s inflation has been higher than the average for African and Sub-Saharan countries for years now, and even exceeded 16 percent in 2017 – and a real, significant decrease is nowhere in sight. The bigger problem is its unsteadiness, however: An inflation rate that is bouncing all over the place, like this one, is usually a sign of a struggling economy, causing prices to fluctuate, and unemployment and poverty to increase. Nigeria’s economy - a so-called “mixed economy”, which means the market economy is at least in part regulated by the state – is not entirely in bad shape, though. More than half of its GDP is generated by the services sector, namely telecommunications and finances, and the country derives a significant share of its state revenues from oil. Because it got highTo simplify: When the inflation rate rises, so do prices, and consequently banks raise their interest rates as well to cope and maintain their profit margin. Higher interest rates often cause unemployment to rise. In certain scenarios, rising prices can also mean more panicky spending and consumption among end users, causing debt and poverty. The extreme version of this is called hyperinflation: A rapid increase of prices that is out of control and leads to bankruptcies en masse, devaluation of money and subsequently a currency reform, among other things. But does that mean that low inflation is better? Maybe, but only to a certain degree; the ECB, for example, aspires to maintain an inflation rate of about two percent so as to keep the economy stable. As soon as we reach deflation territory, however, things are starting to look grim again. The best course is a stable inflation rate, to avoid uncertainty and rash actions. Nigeria todayNigeria is one of the countries with the largest populations worldwide and also the largest economy in Africa, with its economy growing rapidly after a slump in the aforementioned year 2017. It is slated to be one of the countries with the highest economic growth over the next few decades. Demographic key indicators, like infant mortality rate, fertility rate, and the median age of the population, all point towards a bright future. Additionally, the country seems to make big leaps forward in manufacturing and technological developments, and boasts huge natural resources, including natural gas. All in all, Nigeria and its inflation seem to be on the upswing – or on the path to stabilization, as it were.

Unemployment with basic education, male (% of male labor force with basic education) in Nigeria was reported at 1.203 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Unemployment with basic education, male - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

In 2024, Sudan was ranked as the most miserable country in the world, with a misery index score of 374.8. Argentina ranked second with an index score of 195.9. Quality of life around the worldThe misery index was created by the economist Arthur Okun in the 1960s. The index is calculated by adding the unemployment rate, the lending rate and the inflation rate minus percent change of GDP per capita. Another famous tool used for the comparison of development of countries around the world is the Human Development Index, which takes into account such factors as life expectancy at birth, literacy rate, education level and gross national income (GNI) per capita. Better economic conditions correlate with higher quality of life Economic conditions affect the life expectancy, which is much higher in the wealthiest regions. With a life expectancy of 85 years, Liechtenstein led the ranking of countries with the highest life expectancy in 2023. On the other hand, Nigeria was the country with the lowest life expectancy, where men were expected to live 55 years as of 2024. The Global Liveability Index ranks the quality of life in cities around the world, basing on political, social, economic and environmental aspects, such as personal safety and health, education and transport services and other public services. In 2024, Vienna was ranked as the city with the highest quality of life worldwide.

Unemployment, youth male (% of male labor force ages 15-24) (modeled ILO estimate) in Nigeria was reported at 3.694 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Unemployment, youth male (% of male labor force ages 15-24) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Inflation Rate in Nigeria decreased to 16.05 percent in October from 18.02 percent in September of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.