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 8.500 2011 16.000 1995 % yearly 2010 - 2018

Forecast: Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.000 2027 yearly 1980 - 2027
Algeria (%) 3.464 2027 yearly 1980 - 2027
Andorra (%) 1.675 2027 yearly 2010 - 2027
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 8.100 2027 yearly 1980 - 2027
Armenia (%) 16.500 2027 yearly 2001 - 2027
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.703 2027 yearly 1980 - 2027
Austria (%) 4.800 2027 yearly 1980 - 2027
Azerbaijan (%) 5.564 2027 yearly 2000 - 2027
Bahamas (%) 11.431 2027 yearly 1986 - 2027
Bahrain (%) 3.951 2027 yearly 2007 - 2027
Bangladesh (%) 0.000 yearly -
Barbados (%) 9.392 2027 yearly 1981 - 2027
Belarus (%) 3.754 2027 yearly 1993 - 2027
Belgium (%) 5.522 2027 yearly 1980 - 2027
Belize (%) 7.404 2027 yearly 1990 - 2027
Benin (%) 0.000 yearly -
Bhutan (%) 5.000 2020 yearly 2003 - 2020
Bolivia (%) 4.000 2027 yearly 2000 - 2027
Bosnia and Herzegovina (%) 15.545 2027 yearly 1995 - 2027
Botswana (%) 0.000 yearly -
Brazil (%) 10.415 2027 yearly 1991 - 2027
Brunei (%) 6.822 2027 yearly 2011 - 2027
Bulgaria (%) 4.200 2027 yearly 1989 - 2027
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.009 2027 yearly 1980 - 2027
Cape Verde (%) 8.500 2027 yearly 1980 - 2027
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 6.808 2027 yearly 1980 - 2027
China (%) 3.600 2027 yearly 1980 - 2027
Colombia (%) 9.490 2027 yearly 1980 - 2027
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 6.265 2027 yearly 1991 - 2027
Cyprus (%) 5.523 2027 yearly 1982 - 2027
Czech Republic (%) 2.300 2027 yearly 1995 - 2027
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2027 yearly 1980 - 2027
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2027 yearly 1991 - 2027
Ecuador (%) 3.644 2027 yearly 1988 - 2027
Egypt (%) 6.402 2027 yearly 1990 - 2027
El Salvador (%) 7.000 2027 yearly 1988 - 2027
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 4.828 2027 yearly 1993 - 2027
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2027 yearly 1986 - 2027
Finland (%) 6.500 2027 yearly 1980 - 2027
France (%) 7.399 2027 yearly 1980 - 2027
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 20.015 2027 yearly 1996 - 2027
Germany (%) 3.142 2027 yearly 1980 - 2027
Ghana (%) 0.000 yearly -
Greece (%) 10.610 2027 yearly 1980 - 2027
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 (%) 4.398 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.971 2027 yearly 1980 - 2027
Hungary (%) 3.805 2027 yearly 1980 - 2027
Iceland (%) 4.000 2027 yearly 1980 - 2027
India (%) 0.000 yearly -
Indonesia (%) 5.100 2027 yearly 1984 - 2027
Iran (%) 10.819 2027 yearly 1990 - 2027
Iraq (%) 0.000 yearly -
Ireland (%) 4.955 2027 yearly 1985 - 2027
Israel (%) 3.700 2027 yearly 1980 - 2027
Italy (%) 8.900 2027 yearly 1980 - 2027
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 7.700 2019 yearly 1980 - 2019
Japan (%) 2.400 2027 yearly 1980 - 2027
Jordan (%) 24.425 2021 yearly 1984 - 2021
Kazakhstan (%) 4.775 2027 yearly 1994 - 2027
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.597 2027 yearly 1980 - 2027
Kosovo (%) 25.700 2019 yearly 2012 - 2019
Kuwait (%) 1.276 2021 yearly 1981 - 2021
Kyrgyzstan (%) 6.605 2027 yearly 1994 - 2027
Laos (%) 0.000 yearly -
Latvia (%) 6.559 2027 yearly 1992 - 2027
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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Nigeria Key Series

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Includes 210 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.9 Dec 2020 quarterly Dec 2010 - Dec 2020
Consolidated Fiscal Balance (USD mn) -5,434.321 Dec 2021 quarterly Mar 2005 - Dec 2021
National Government Debt (USD mn) 88,421.5 Mar 2022 quarterly Dec 2006 - Mar 2022
Government Debt: % of GDP (%) 20.2 Dec 2021 quarterly Dec 2010 - Dec 2021
Forecast: Government Expenditure (NGN bn) 53,826.479 2027 yearly 1990 - 2027
Forecast: Government Net Debt (NGN bn) 173,827.955 2027 yearly 1990 - 2027
Forecast: Government Revenue (NGN bn) 28,821.587 2027 yearly 1990 - 2027
Gross Federation Account Revenue: Oil (NGN bn) 1,115.170 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Balance (NGN bn) -2,232.330 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Expenditure: Recurrent (NGN bn) 2,627.830 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Revenue (NGN bn) 1,265.340 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Expenditure: Capital (NGN bn) 745.710 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Expenditure (NGN bn) 3,497.670 Dec 2021 quarterly Mar 2005 - Dec 2021
Gross Federation Account Revenue (NGN bn) 2,844.730 Dec 2021 quarterly Mar 2005 - Dec 2021
Government Debt: Domestic (NGN bn) 20,144.028 Mar 2022 quarterly Dec 2005 - Mar 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.626 2027 yearly 1991 - 2027
Trade Balance (USD mn) 2,336.0 Mar 2022 monthly Jan 2003 - Mar 2022
Total Exports (USD mn) 6,746.6 Mar 2022 monthly Jan 2003 - Mar 2022
Total Exports Growth (%) 153.9 Mar 2022 monthly Jan 2004 - Mar 2022
Aluminum: Exports (USD th) 89,277.166 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,579.306 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 585.807 2020 yearly 1995 - 2020
Total Imports (USD mn) 4,410.6 Mar 2022 monthly Jan 2003 - Mar 2022
Total Imports Growth (%) -7.3 Mar 2022 monthly Jan 2004 - Mar 2022
Imports: Medicament (USD th) 916,159.669 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 417,523.499 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 415.182 Mar 2022 monthly Jan 2003 - Mar 2022
Total Imports from USA (USD mn) 322.312 Mar 2022 monthly Dec 2009 - Mar 2022
Total Exports to China (USD mn) 46.245 Mar 2022 monthly Jan 2007 - Mar 2022
Total Imports from China (USD mn) 1,423.512 Dec 2021 monthly Jan 2007 - Dec 2021
Exports: Crude Oil (NGN mn) 2,209,623.002 Mar 2022 monthly Jan 2003 - Mar 2022
Imports (NGN mn) 1,834,067.441 Mar 2022 monthly Jan 2003 - Mar 2022
Total Trade (NGN mn) 4,639,517.168 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Europe: ow UK (NGN mn) 75,924.032 Mar 2022 monthly Jan 2003 - Mar 2022
Exports (NGN mn) 2,805,449.727 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Europe: ow Netherlands (NGN mn) 279,127.005 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: America: ow USA (NGN mn) 172,645.951 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Europe: ow Netherlands (NGN mn) 102,706.239 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: America: ow USA (NGN mn) 134,027.678 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Europe: ow Germany (NGN mn) 42,882.036 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Europe: ow UK (NGN mn) 44,920.190 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Asia: ow China (NGN mn) 531,343.215 Mar 2022 monthly Jan 2007 - Mar 2022
Exports: Mineral Products (NGN mn) 16,910,118.786 2021 yearly 2003 - 2021
Exports: Vegetable Products (NGN mn) 259,305.350 2021 yearly 2003 - 2021
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 44,635.113 2021 yearly 2003 - 2021
Imports: Manufactured Goods (NGN mn) 175,513.767 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Food and Live Animals (NGN mn) 245,235.157 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Machinery and Transport Equipment (NGN mn) 605,003.903 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 338,220.193 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Chemicals and Chemical Products (NGN mn) 308,561.620 Mar 2022 monthly Jan 2003 - Mar 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 822.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Current Account Balance (USD mn) 3,680.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Current Account Balance: % of GDP (%) 3.3 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Direct Investment (USD mn) -8.7 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Direct Investment: % of GDP (%) -0.0 Sep 2021 quarterly Mar 2010 - Sep 2021
Foreign Portfolio Investment (USD mn) 7,457.719 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Portfolio Investment: % of GDP (%) 6.8 Sep 2021 quarterly Mar 2010 - Sep 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 81.8 Sep 2021 quarterly Mar 2008 - Sep 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 7,375.945 Sep 2021 quarterly Mar 2008 - Sep 2021
External Debt (USD mn) 39,969.2 Mar 2022 quarterly Dec 2006 - Mar 2022
External Debt: % of GDP (%) 8.8 2021 yearly 1985 - 2021
External Debt: Short Term (USD mn) 0.1 2019 yearly 2008 - 2019
External Debt: Short Term: % of GDP (%) 0.0 2019 yearly 2008 - 2019
Forecast: Current Account Balance (USD bn) -6.402 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -75,228.078 2021 yearly 2005 - 2021
BoP: CA: Goods (USD mn) 1,765.909 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers (USD mn) 6,458.983 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 7,457.719 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income: Credit (USD mn) 587.982 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account (USD mn) 2,573.536 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income (USD mn) -2,031.008 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) -822.340 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services: Debit (USD mn) -3,430.782 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers: Debit (USD mn) -94.776 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Goods: Credit (USD mn) 12,650.276 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Goods: Debit (USD mn) -10,884.367 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Current Transfers: Credit (USD mn) 6,553.759 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 4,432.631 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) -5,283.967 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Liabilities (USD mn) 11,881.648 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets (USD mn) -9,308.112 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Income: Debit (USD mn) -2,618.990 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: Net Errors & Omission (USD mn) -6,253.815 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services: Credit (USD mn) 917.177 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Capital Account (USD mn) 0.000 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) 2.464 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CA: Services (USD mn) -2,513.605 Sep 2021 quarterly Mar 2008 - Sep 2021
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -3,204.269 Sep 2021 quarterly Mar 2008 - Sep 2021
External Debt: Government (USD mn) 38,391.320 Dec 2021 quarterly Dec 2006 - Dec 2021
External Debt: Government: International Capital Market (USD mn) 14,368.350 Dec 2021 quarterly Mar 2011 - Dec 2021
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 52,666,629.000 Feb 2022 monthly Jan 2007 - Feb 2022
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) 47,811.710 Apr 2022 monthly Nov 1992 - Apr 2022
Money Supply M2 (USD mn) 112,095.914 Apr 2022 monthly Nov 1992 - Apr 2022
M2 Growth (%) 21.0 Apr 2022 monthly Nov 1993 - Apr 2022
Reserve Requirement Ratio (%) 27.5 May 2022 monthly Nov 2005 - May 2022
Foreign Exchange Reserves (USD mn) 38,483.7 May 2022 monthly Jan 1960 - May 2022
Foreign Exchange Reserves: % of GDP (%) 9.028 Mar 2022 quarterly Dec 2010 - Mar 2022
Foreign Exchange Reserves: Months of Import (NA) 9.0 Mar 2022 monthly Jan 2003 - Mar 2022
Gold Reserves (USD mn) 0.062 Jan 2018 monthly Dec 1950 - Jan 2018
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) 129,324.9 Apr 2022 monthly Nov 1992 - Apr 2022
Domestic Credit Growth (%) 21.7 Apr 2022 monthly Nov 1993 - Apr 2022
Private Debt: % of Nominal GDP (%) 12.23 Dec 2021 quarterly Dec 2010 - Dec 2021
Monetary Survey: Liabilities: M2: M1 (NGN mn) 19,608,338.790 Mar 2022 monthly Nov 1992 - Mar 2022
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 26,690,158.390 Apr 2022 monthly Nov 1992 - Apr 2022
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: Base Money (NGN mn) 14,255,048.740 Apr 2022 monthly Jan 1993 - Apr 2022
Monetary Survey: Liabilities: M2 (NGN mn) 46,541,102.400 Apr 2022 monthly Nov 1992 - Apr 2022
Non Performing Loans to Gross Loans (%) 6.020 Dec 2020 semiannually Dec 2003 - Dec 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.0 Jan 2022 monthly Jul 2015 - Jan 2022

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