Nigeria Forecast: Unemployment Rate

2010 - 2018 | Yearly | % | International Monetary Fund

Key information about Nigeria Unemployment Rate Forecast

  • Nigeria Unemployment Rate is forecasted to be 22.562 % in Dec 2018 as reported by International Monetary Fund
  • It records an increase from the last reported number of 22.562 % in Dec 2018
  • Looking ahead, Nigeria Unemployment Rate is projected to stand at 22.562 % in Dec 2018
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View Nigeria's Forecast: Unemployment Rate from 2010 to 2018 in the chart:

Nigeria Forecast: Unemployment Rate

What is Nigeria's Forecast: Unemployment Rate in 2018?

Nigeria Unemployment Rate is forecasted to be 22.562 % in Dec 2018 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
22.562 2018 17.462 2017 5.092 2010 22.562 2018 % yearly 2010 - 2018

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 8.800 2030 yearly 1980 - 2030
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 2.000 2030 yearly 2010 - 2030
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 6.000 2030 yearly 1980 - 2030
Armenia (%) 14.000 2030 yearly 2001 - 2030
Aruba (%) 4.823 2030 yearly 1986 - 2030
Australia (%) 4.452 2030 yearly 1980 - 2030
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.041 2030 yearly 2000 - 2030
Bahamas (%) 9.029 2030 yearly 1986 - 2030
Bahrain (%) 5.900 2024 yearly 2007 - 2024
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.675 2030 yearly 1981 - 2030
Belarus (%) 2.889 2030 yearly 1993 - 2030
Belgium (%) 5.800 2030 yearly 1980 - 2030
Belize (%) 2.600 2030 yearly 1990 - 2030
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.100 2026 yearly 2000 - 2026
Bosnia and Herzegovina (%) 13.200 2030 yearly 1995 - 2030
Botswana (%) 0.000 yearly -
Brazil (%) 7.400 2030 yearly 1991 - 2030
Brunei (%) 4.900 2030 yearly 2011 - 2030
Bulgaria (%) 4.000 2030 yearly 1989 - 2030
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 6.007 2030 yearly 1980 - 2030
Cape Verde (%) 8.500 2030 yearly 1980 - 2030
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2030 yearly 1980 - 2030
China (%) 5.100 2030 yearly 2017 - 2030
Colombia (%) 9.400 2030 yearly 1980 - 2030
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 8.500 2030 yearly 1980 - 2030
Croatia (%) 5.244 2030 yearly 1991 - 2030
Cyprus (%) 4.962 2030 yearly 1982 - 2030
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 5.000 2030 yearly 1991 - 2030
Ecuador (%) 3.500 2030 yearly 1988 - 2030
Egypt (%) 7.707 2030 yearly 1990 - 2030
El Salvador (%) 5.216 2030 yearly 1988 - 2030
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.539 2030 yearly 1993 - 2030
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2030 yearly 1986 - 2030
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 13.900 2030 yearly 1996 - 2030
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2030 yearly 1980 - 2030
Hong Kong SAR, China (%) 2.910 2030 yearly 1980 - 2030
Hungary (%) 3.800 2030 yearly 1980 - 2030
Iceland (%) 4.000 2030 yearly 1980 - 2030
India (%) 0.000 yearly -
Indonesia (%) 5.000 2030 yearly 1984 - 2030
Iran (%) 9.000 2030 yearly 1990 - 2030
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.933 2030 yearly 1980 - 2030
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.175 2024 yearly 1980 - 2024
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.407 2030 yearly 1994 - 2030
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 2.800 2030 yearly 1980 - 2030
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 3.983 2030 yearly 1994 - 2030
Laos (%) 0.000 yearly -
Latvia (%) 6.394 2030 yearly 1992 - 2030
Lebanon (%) 11.543 2023 yearly 1991 - 2023
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025
Government Debt: % of GDP (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025
Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030
Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030
Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports (USD mn) 4,858.0 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports Growth (%) 22.6 Jun 2025 monthly Jan 2004 - Jun 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 2.5 Jun 2025 monthly Jan 2004 - Jun 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 264.685 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports from USA (USD mn) 503.329 Jun 2025 monthly Dec 2009 - Jun 2025
Total Exports to China (USD mn) 174.147 Jun 2025 monthly Jan 2007 - Jun 2025
Total Imports from China (USD mn) 1,013.525 Jun 2025 monthly Jan 2007 - Jun 2025
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 992.7 Jun 2025 quarterly Mar 2008 - Jun 2025
Current Account Balance (USD mn) 5,281.7 Jun 2025 quarterly Mar 2014 - Jun 2025
Current Account Balance: % of GDP (%) 8.7 Jun 2025 quarterly Mar 2014 - Jun 2025
Foreign Direct Investment (USD mn) 85.1 Jun 2025 quarterly Mar 2014 - Jun 2025
Foreign Direct Investment: % of GDP (%) 0.1 Jun 2025 quarterly Mar 2010 - Jun 2025
Foreign Portfolio Investment (USD mn) 5,282.418 Jun 2025 quarterly Mar 2008 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 8.3 Jun 2025 quarterly Mar 2010 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 242.0 Jun 2025 quarterly Mar 2008 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 5,040.443 Jun 2025 quarterly Mar 2008 - Jun 2025
External Debt (USD mn) 46,983.4 Jun 2025 quarterly Dec 2006 - Jun 2025
External Debt: % of GDP (%) 18.6 2024 yearly 1985 - 2024
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) 2.643 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,546.495 2024 yearly 2005 - 2024
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 28,022.826 Nov 2025 monthly Apr 1990 - Nov 2025
Money Supply M2 (USD mn) 85,006.794 Nov 2025 monthly Apr 1990 - Nov 2025
M2 Growth (%) 12.8 Nov 2025 monthly Apr 1991 - Nov 2025
Reserve Requirement Ratio (%) 45.0 Dec 2025 monthly Nov 2005 - Dec 2025
Foreign Exchange Reserves (USD mn) 40,510.0 Jul 2025 monthly Jan 1960 - Jul 2025
Foreign Exchange Reserves: % of GDP (%) 15.039 Jun 2025 quarterly Dec 2010 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 9.8 Jul 2025 monthly Jan 2003 - Jul 2025
Gold Reserves (USD mn) 2,277.659 Jun 2025 monthly Dec 1950 - Jun 2025
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 69,825.1 Nov 2025 monthly Apr 1990 - Nov 2025
Domestic Credit Growth (%) -12.6 Nov 2025 monthly Apr 1991 - Nov 2025
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 40,527,791.370 Nov 2025 monthly Apr 1990 - Nov 2025
Monetary Survey: Liabilities: Base Money (NGN mn) 36,201,523.160 Nov 2025 monthly Apr 1990 - Nov 2025
Monetary Survey: Liabilities: M2 (NGN mn) 122,940,404.130 Nov 2025 monthly Apr 1990 - Nov 2025
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 82,412,612.760 Nov 2025 monthly Apr 1990 - Nov 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025

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