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 (%) 8.700 2031 yearly 1980 - 2031
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.500 2031 yearly 2010 - 2031
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 6.500 2031 yearly 1980 - 2031
Armenia (%) 12.100 2031 yearly 2001 - 2031
Aruba (%) 4.823 2030 yearly 1986 - 2030
Australia (%) 4.457 2031 yearly 1980 - 2031
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 4.977 2031 yearly 2000 - 2031
Bahamas (%) 9.001 2031 yearly 1986 - 2031
Bahrain (%) 6.200 2024 yearly 2007 - 2024
Bangladesh (%) 0.000 yearly -
Barbados (%) 6.805 2031 yearly 1981 - 2031
Belarus (%) 2.889 2031 yearly 1993 - 2031
Belgium (%) 5.800 2031 yearly 1980 - 2031
Belize (%) 2.600 2031 yearly 1990 - 2031
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 4.500 2026 yearly 2000 - 2026
Bosnia and Herzegovina (%) 12.600 2031 yearly 1995 - 2031
Botswana (%) 0.000 yearly -
Brazil (%) 7.400 2031 yearly 1991 - 2031
Brunei (%) 4.748 2031 yearly 2011 - 2031
Bulgaria (%) 3.200 2031 yearly 1989 - 2031
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 6.004 2031 yearly 1980 - 2031
Cape Verde (%) 8.500 2031 yearly 1980 - 2031
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.353 2031 yearly 1980 - 2031
China (%) 5.100 2031 yearly 2017 - 2031
Colombia (%) 10.000 2031 yearly 1980 - 2031
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 8.500 2030 yearly 1980 - 2030
Croatia (%) 4.700 2031 yearly 1991 - 2031
Cyprus (%) 4.733 2031 yearly 1982 - 2031
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 2031 yearly 1991 - 2031
Ecuador (%) 3.100 2031 yearly 1988 - 2031
Egypt (%) 9.454 2031 yearly 1990 - 2031
El Salvador (%) 4.780 2031 yearly 1988 - 2031
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.209 2031 yearly 1993 - 2031
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2031 yearly 1986 - 2031
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 2031 yearly 1996 - 2031
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 (%) 6.500 2031 yearly 1980 - 2031
Hong Kong SAR, China (%) 2.667 2031 yearly 1980 - 2031
Hungary (%) 3.800 2031 yearly 1980 - 2031
Iceland (%) 4.000 2031 yearly 1980 - 2031
India (%) 0.000 yearly -
Indonesia (%) 4.700 2031 yearly 1984 - 2031
Iran (%) 9.000 2031 yearly 1990 - 2031
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.600 2031 yearly 1980 - 2031
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 3.400 2025 yearly 1980 - 2025
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.325 2031 yearly 1984 - 2031
Kazakhstan (%) 4.353 2031 yearly 1994 - 2031
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 2.800 2031 yearly 1980 - 2031
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 3.983 2031 yearly 1994 - 2031
Laos (%) 0.000 yearly -
Latvia (%) 6.256 2031 yearly 1992 - 2031
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) 107,935.8 Dec 2025 quarterly Dec 2006 - Dec 2025
Government Debt: % of GDP (%) 35.9 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (NGN bn) 129,829.781 2031 yearly 1990 - 2031
Forecast: Government Net Debt (NGN bn) 318,517.716 2031 yearly 1990 - 2031
Forecast: Government Revenue (NGN bn) 110,023.853 2031 yearly 1990 - 2031
Government Debt: Domestic (NGN bn) 80,488.865 Dec 2025 quarterly Dec 2005 - Dec 2025
Gross Federation Account Revenue (NGN bn) 8,626.160 Dec 2025 quarterly Mar 2005 - Dec 2025
Gross Federation Account Revenue: Oil (NGN bn) 3,470.680 Dec 2025 quarterly Mar 2005 - Dec 2025
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Balance (NGN bn) -3,084.970 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 3,004.1 Mar 2026 monthly Jan 2003 - Mar 2026
Total Exports (USD mn) 6,439.6 Mar 2026 monthly Jan 2003 - Mar 2026
Total Exports Growth (%) 30.7 Mar 2026 monthly Jan 2004 - Mar 2026
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,667.217 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 558.096 2025 yearly 1995 - 2025
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) -16.2 Mar 2026 monthly Jan 2004 - Mar 2026
Imports: Medicament (USD th) 514,048.055 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 256,301.450 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 324.235 Mar 2026 monthly Jan 2003 - Mar 2026
Total Imports from USA (USD mn) 1,121.807 Mar 2026 monthly Dec 2009 - Mar 2026
Total Exports to China (USD mn) 78.524 Mar 2026 monthly Jan 2007 - Mar 2026
Total Imports from China (USD mn) 1,119.692 Mar 2026 monthly Jan 2007 - Mar 2026
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: Europe: ow Netherlands (NGN mn) 791,854.048 Mar 2026 monthly Jan 2003 - Mar 2026
Exports: America: ow USA (NGN mn) 447,061.290 Mar 2026 monthly Jan 2003 - Mar 2026
Exports (NGN mn) 8,879,063.634 Mar 2026 monthly Jan 2003 - Mar 2026
Exports: Europe: ow UK (NGN mn) 114,530.117 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Manufactured Goods (NGN mn) 496,244.386 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Chemicals and Chemical Products (NGN mn) 570,118.418 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,553,430.417 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Food and Live Animals (NGN mn) 422,824.939 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Machinery and Transport Equipment (NGN mn) 1,422,618.451 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Europe: ow Netherlands (NGN mn) 57,374.515 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Asia: ow China (NGN mn) 1,543,851.231 Mar 2026 monthly Jan 2007 - Mar 2026
Imports: Europe: ow Germany (NGN mn) 98,556.391 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: America: ow USA (NGN mn) 1,546,767.888 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Europe: ow UK (NGN mn) 67,040.903 Mar 2026 monthly Jan 2003 - Mar 2026
Imports (NGN mn) 4,736,895.023 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Growth Rate: MoM (%) 5.042 Mar 2026 monthly Jan 2019 - Mar 2026
Exports: Crude Oil (NGN mn) 4,837,276.909 Mar 2026 monthly Jan 2003 - Mar 2026
Total Trade (NGN mn) 13,615,958.657 Mar 2026 monthly Jan 2003 - Mar 2026
Exports: Growth Rate: MoM (%) 49.461 Mar 2026 monthly Jan 2019 - Mar 2026
Export Value Index (2015=100) 106.400 2024 yearly 2005 - 2024
Import Value Index (2015=100) 91.600 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 673.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Current Account Balance (USD mn) 1,397.2 Dec 2025 quarterly Mar 2014 - Dec 2025
Current Account Balance: % of GDP (%) 1.6 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment (USD mn) 1,113.0 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment (USD mn) 5,270.221 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 6.2 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 325.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 4,945.254 Dec 2025 quarterly Mar 2008 - Dec 2025
External Debt (USD mn) 51,856.0 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: % of GDP (%) 12.0 2025 yearly 1985 - 2025
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 16.466 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -90,151.210 2025 yearly 2005 - 2025
External Debt: Government: International Capital Market (USD mn) 18,547.470 Dec 2025 quarterly Mar 2011 - Dec 2025
External Debt: Government (USD mn) 51,856.030 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
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) 32,502.999 May 2026 monthly Apr 1990 - May 2026
Money Supply M2 (USD mn) 94,118.070 May 2026 monthly Apr 1990 - May 2026
M2 Growth (%) 8.4 May 2026 monthly Apr 1991 - May 2026
Reserve Requirement Ratio (%) 45.0 Jun 2026 monthly Nov 2005 - Jun 2026
Foreign Exchange Reserves (USD mn) 45,752.8 Dec 2025 monthly Jan 1960 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 16.055 Dec 2025 quarterly Dec 2010 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 11.1 Dec 2025 monthly Jan 2003 - Dec 2025
Gold Reserves (USD mn) 2,978.457 Dec 2025 monthly Dec 1950 - Dec 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) 88,450.2 May 2026 monthly Apr 1990 - May 2026
Domestic Credit Growth (%) 20.3 May 2026 monthly Apr 1991 - May 2026
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 39,452,673.590 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M2 (NGN mn) 129,201,004.570 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M2: M1 (NGN mn) 44,618,638.730 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 84,582,365.840 May 2026 monthly Apr 1990 - May 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.760 Jun 2025 semiannually Dec 2003 - Jun 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -5.0 May 2026 monthly Jul 2015 - May 2026

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