Nigeria Unemployment Rate

2012 - 2020 | Quarterly | % | CEIC Data

Key information about Nigeria Unemployment Rate

  • Nigeria Unemployment Rate increased to 33.28% in Dec 2020, from the previously reported figure of 27.11% in Jun 2020.
  • Nigeria Unemployment Rate is updated quarterly, available from Mar 2012 to Dec 2020, with an average rate of 6.30%.
  • The data reached an all-time high of 9.50% in Feb 2014 and a record low of 3.70% in Feb 2020.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Nigeria Population reached 206.14 million people in Dec 2020.


View Nigeria's Unemployment Rate from Mar 2012 to Dec 2020 in the chart:

Nigeria Unemployment Rate

What was Nigeria's Unemployment Rate in Dec 2020?

Nigeria Unemployment Rate increased to 33.28% in Dec 2020, from the previously reported figure of 27.11% in Jun 2020. See the table below for more data.

Last Previous Min Max Unit Frequency Range
33.28 Dec 2020 27.11 Jun 2020 3.70 Feb 2020 9.50 Feb 2014 % quarterly Mar 2012 - Dec 2020

Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 11.30 Mar 2022 quarterly Mar 2012 - Mar 2022
Algeria (%) 11.71 Sep 2017 quarterly Mar 2014 - Sep 2017
Argentina (%) 7.00 Mar 2022 quarterly Jun 1990 - Mar 2022
Armenia (%) 14.50 Dec 2021 quarterly Mar 2008 - Dec 2021
Australia (%) 3.90 May 2022 monthly Feb 1978 - May 2022
Austria (%) 4.76 May 2022 monthly Jan 1993 - May 2022
Azerbaijan (%) 5.94 Mar 2022 quarterly Mar 2008 - Mar 2022
Bahrain (%) 4.30 2016 yearly 1991 - 2016
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.20 Feb 2022 monthly Oct 2004 - Feb 2022
Belgium (%) 5.70 Apr 2022 monthly Jan 1983 - Apr 2022
Bolivia (%) 3.40 2017 yearly 1999 - 2017
Bosnia and Herzegovina (%) 17.41 2021 yearly 2006 - 2021
Botswana (%) 24.72 2021 yearly 1991 - 2021
Brazil (%) 9.80 May 2022 monthly Mar 2012 - May 2022
Brunei (%) 7.65 2021 yearly 1991 - 2021
Bulgaria (%) 4.90 Mar 2022 quarterly Mar 2000 - Mar 2022
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 5.10 May 2022 monthly Jan 1976 - May 2022
Chile (%) 7.80 May 2022 monthly Mar 2009 - May 2022
China (%) 5.80 Mar 2022 quarterly Mar 2017 - Mar 2022
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 7.10 Mar 2022 quarterly Mar 1998 - Mar 2022
Cyprus (%) 4.80 May 2022 monthly Jan 2000 - May 2022
Czech Republic (%) 2.50 May 2022 monthly Jan 1993 - May 2022
Denmark (%) 5.10 Dec 2021 monthly Jan 2007 - Dec 2021
Ecuador (%) 4.78 Mar 2022 quarterly Dec 2013 - Mar 2022
Egypt (%) 7.20 Mar 2022 quarterly Mar 2003 - Mar 2022
Estonia (%) 5.50 Mar 2022 quarterly Mar 1997 - Mar 2022
European Union (%) 6.10 May 2022 monthly Jan 2000 - May 2022
Finland (%) 6.20 May 2022 monthly Jan 1988 - May 2022
France (%) 7.30 Mar 2022 quarterly Mar 1975 - Mar 2022
Georgia (%) 20.62 2021 yearly 1991 - 2021
Germany (%) 2.80 May 2022 monthly Jan 1991 - May 2022
Ghana (%) 4.70 2021 yearly 1991 - 2021
Greece (%) 12.50 Apr 2022 monthly Apr 1998 - Apr 2022
Hong Kong SAR, China (%) 5.10 May 2022 monthly Oct 1981 - May 2022
Hungary (%) 3.50 Apr 2022 monthly Jan 2000 - Apr 2022
Iceland (%) 3.50 May 2022 monthly Jan 2003 - May 2022
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 6.49 2021 yearly 1984 - 2021
Iran (%) 8.90 Dec 2021 quarterly Jun 2001 - Dec 2021
Ireland (%) 4.70 May 2022 monthly Jan 1998 - May 2022
Israel (%) 3.74 May 2022 monthly Jan 2012 - May 2022
Italy (%) 8.14 May 2022 monthly Jan 1983 - May 2022
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.60 May 2022 monthly Jan 1953 - May 2022
Jordan (%) 22.80 Feb 2022 quarterly Feb 2000 - Feb 2022
Kazakhstan (%) 4.90 Apr 2022 monthly Jan 2001 - Apr 2022
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.80 May 2022 monthly Jun 1999 - May 2022
Kosovo (%) 25.80 Mar 2021 quarterly Mar 2016 - Mar 2021
Kuwait (%) 2.09 2018 yearly 1999 - 2018
Kyrgyzstan (%) 5.80 2020 yearly 1992 - 2020
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.50 May 2022 monthly Jan 1998 - May 2022
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 6.20 Apr 2022 monthly Jan 1998 - Apr 2022
Luxembourg (%) 4.64 May 2022 monthly Jan 1995 - May 2022
Macau SAR, China (%) 3.40 May 2022 monthly Sep 1996 - May 2022
North Macedonia (%) 14.80 Mar 2022 quarterly Mar 2004 - Mar 2022
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.90 Apr 2022 monthly Jan 2010 - Apr 2022
Malta (%) 3.22 Mar 2022 quarterly Dec 2000 - Mar 2022
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 3.09 Apr 2022 monthly Jan 2005 - Apr 2022
Moldova (%) 3.01 Mar 2022 quarterly Mar 1999 - Mar 2022
Mongolia (%) 8.50 Mar 2022 quarterly Sep 2006 - Mar 2022
Montenegro (%) 16.80 Mar 2022 quarterly Mar 2008 - Mar 2022
Morocco (%) 12.10 Mar 2022 quarterly Mar 1999 - Mar 2022
Mozambique (%) 3.98 2021 yearly 1991 - 2021
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.10 Jul 2021 monthly Jan 2003 - Jul 2021
New Zealand (%) 3.20 Mar 2022 quarterly Mar 1986 - Mar 2022
Nigeria (%) 33.28 Dec 2020 quarterly Mar 2012 - Dec 2020
Norway (%) 2.90 Mar 2022 monthly Jan 1989 - Mar 2022
Oman (%) 2.10 May 2022 monthly Mar 2018 - May 2022
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 25.40 Mar 2022 quarterly Mar 2000 - Mar 2022
Panama (%) 11.30 2021 yearly 2003 - 2021
Paraguay (%) 8.47 Mar 2022 quarterly Mar 2017 - Mar 2022
Peru (%) 7.21 May 2022 monthly Mar 2001 - May 2022
Philippines (%) 5.70 Apr 2022 quarterly Jul 1982 - Apr 2022
Poland (%) 5.10 May 2022 monthly Jan 1990 - May 2022
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.40 May 2022 monthly Jan 2004 - May 2022
Russia (%) 4.25 Dec 2021 monthly Jan 1994 - Dec 2021
Saudi Arabia (%) 6.01 Mar 2022 quarterly Mar 2012 - Mar 2022
Serbia (%) 10.60 Mar 2022 quarterly Mar 2014 - Mar 2022
Singapore (%) 2.20 Apr 2022 monthly Mar 2020 - Apr 2022
Slovakia (%) 6.35 May 2022 monthly Jan 2006 - May 2022
Slovenia (%) 4.30 Mar 2022 quarterly Jun 1997 - Mar 2022
South Africa (%) 34.50 Mar 2022 quarterly Mar 2008 - Mar 2022
Spain (%) 13.65 Mar 2022 quarterly Sep 1976 - Mar 2022
Sri Lanka (%) 4.30 Mar 2022 quarterly Jun 2012 - Mar 2022
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.66 May 2022 monthly Jan 1983 - May 2022
Switzerland (%) 4.56 Mar 2022 monthly Jan 1991 - Mar 2022

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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
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: 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
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 (NGN mn) 2,805,449.727 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: America: ow USA (NGN mn) 172,645.951 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Europe: ow UK (NGN mn) 75,924.032 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Europe: ow Netherlands (NGN mn) 279,127.005 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: Europe: ow Netherlands (NGN mn) 102,706.239 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Asia: ow China (NGN mn) 531,343.215 Mar 2022 monthly Jan 2007 - Mar 2022
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
Exports: Mineral Products (NGN mn) 16,910,118.786 2021 yearly 2003 - 2021
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 338,220.193 Mar 2022 monthly Jan 2003 - Mar 2022
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: 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: 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: 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
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: 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: Financial Account: Liabilities (USD mn) 11,881.648 Sep 2021 quarterly Mar 2008 - Sep 2021
External Debt: Government: International Capital Market (USD mn) 14,368.350 Dec 2021 quarterly Mar 2011 - Dec 2021
External Debt: Government (USD mn) 38,391.320 Dec 2021 quarterly Dec 2006 - 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) 49,640.147 May 2022 monthly Nov 1992 - May 2022
Money Supply M2 (USD mn) 116,960.075 May 2022 monthly Nov 1992 - May 2022
M2 Growth (%) 25.5 May 2022 monthly Nov 1993 - May 2022
Reserve Requirement Ratio (%) 27.5 Jun 2022 monthly Nov 2005 - Jun 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) 136,010.4 May 2022 monthly Nov 1992 - May 2022
Domestic Credit Growth (%) 26.4 May 2022 monthly Nov 1993 - May 2022
Private Debt: % of Nominal GDP (%) 12.23 Dec 2021 quarterly Dec 2010 - Dec 2021
Monetary Survey: Liabilities: M2: M1 (NGN mn) 20,608,106.850 May 2022 monthly Nov 1992 - May 2022
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 27,947,868.290 May 2022 monthly Nov 1992 - May 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) 14,534,947.970 May 2022 monthly Jan 1993 - May 2022
Monetary Survey: Liabilities: M2 (NGN mn) 48,555,975.140 May 2022 monthly Nov 1992 - May 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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