Nigeria Unemployment Rate

2022 - 2024 | Quarterly | % | CEIC Data

Key information about Nigeria Unemployment Rate

  • Nigeria Unemployment Rate dropped to 4.30% in Jun 2024, from the previously reported figure of 5.30% in Mar 2024.
  • Nigeria Unemployment Rate is updated quarterly, available from Dec 2022 to Jun 2024, with an average rate of 5.00%.
  • The data reached an all-time high of 5.40% in Dec 2023 and a record low of 4.10% in Mar 2023.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Nigeria Population reached 216.78 million people in Dec 2022.


View Nigeria's Unemployment Rate from Dec 2022 to Jun 2024 in the chart:

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Nigeria Unemployment Rate
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Nigeria Unemployment Rate

What was Nigeria's Unemployment Rate in Jun 2024?

Nigeria Unemployment Rate dropped to 4.30% in Jun 2024, from the previously reported figure of 5.30% in Mar 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.30 Jun 2024 5.30 Mar 2024 4.10 Mar 2023 5.40 Dec 2023 % quarterly Dec 2022 - Jun 2024

Unemployment Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 8.54 Jun 2025 quarterly Mar 2012 - Jun 2025
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 7.60 Jun 2025 quarterly Jun 1990 - Jun 2025
Armenia (%) 12.30 Jun 2025 quarterly Mar 2008 - Jun 2025
Australia (%) 4.34 Oct 2025 monthly Feb 1978 - Oct 2025
Austria (%) 5.50 Sep 2025 monthly Jan 1993 - Sep 2025
Azerbaijan (%) 5.20 Sep 2025 quarterly Mar 2008 - Sep 2025
Bahrain (%) 6.16 2024 yearly 1991 - 2024
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.10 Oct 2025 monthly Oct 2004 - Oct 2025
Belgium (%) 5.90 Sep 2025 monthly Jan 1983 - Sep 2025
Bolivia (%) 2.22 Sep 2025 quarterly Dec 2015 - Sep 2025
Bosnia and Herzegovina (%) 12.65 2024 yearly 2006 - 2024
Botswana (%) 23.14 2024 yearly 1991 - 2024
Brazil (%) 5.40 Oct 2025 monthly Mar 2012 - Oct 2025
Brunei (%) 4.80 2024 yearly 1981 - 2024
Bulgaria (%) 3.40 Sep 2025 quarterly Mar 2000 - Sep 2025
Cambodia (%) 0.70 2023 yearly 2020 - 2023
Canada (%) 6.90 Oct 2025 monthly Jan 1976 - Oct 2025
Chile (%) 8.45 Oct 2025 monthly Mar 2009 - Oct 2025
China (%) 5.20 Sep 2025 quarterly Mar 2017 - Sep 2025
Colombia (%) 8.20 Oct 2025 monthly Jan 2001 - Oct 2025
Croatia (%) 5.50 Mar 2025 quarterly Mar 1998 - Mar 2025
Cyprus (%) 4.90 Sep 2025 monthly Jan 2000 - Sep 2025
Czech Republic (%) 3.22 Oct 2025 monthly Jan 1993 - Oct 2025
Denmark (%) 6.40 Oct 2025 monthly Jan 1983 - Oct 2025
Ecuador (%) 3.59 Sep 2025 quarterly Dec 2013 - Sep 2025
Egypt (%) 6.40 Sep 2025 quarterly Mar 2003 - Sep 2025
Estonia (%) 7.10 Sep 2025 quarterly Mar 1997 - Sep 2025
European Union (%) 6.00 Sep 2025 monthly Jan 2000 - Sep 2025
Finland (%) 10.50 Oct 2025 monthly Jan 1988 - Oct 2025
France (%) 7.70 Sep 2025 quarterly Mar 1975 - Sep 2025
Georgia (%) 13.93 2024 yearly 1991 - 2024
Germany (%) 3.80 Oct 2025 monthly Jan 1991 - Oct 2025
Ghana (%) 3.01 2024 yearly 1991 - 2024
Greece (%) 8.20 Sep 2025 monthly Apr 1998 - Sep 2025
Hong Kong SAR, China (%) 3.80 Oct 2025 monthly Oct 1981 - Oct 2025
Hungary (%) 4.56 Oct 2025 monthly Jan 2000 - Oct 2025
Iceland (%) 3.35 Dec 2024 monthly Jan 2003 - Dec 2024
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 4.85 2025 yearly 1984 - 2025
Iran (%) 9.40 Mar 2022 quarterly Jun 2001 - Mar 2022
Ireland (%) 5.00 Oct 2025 monthly Jan 1998 - Oct 2025
Israel (%) 3.02 Oct 2025 monthly Jan 2012 - Oct 2025
Italy (%) 6.14 Sep 2025 monthly Jan 1983 - Sep 2025
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.60 Oct 2025 monthly Jan 1953 - Oct 2025
Jordan (%) 21.40 Aug 2025 quarterly Feb 2000 - Aug 2025
Kazakhstan (%) 4.60 Oct 2025 monthly Jan 2001 - Oct 2025
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.60 Oct 2025 monthly Jun 1999 - Oct 2025
Kosovo (%) 10.90 Dec 2024 quarterly Mar 2016 - Dec 2024
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 3.70 2024 yearly 1992 - 2024
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 7.10 Oct 2025 monthly Jan 1998 - Oct 2025
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 6.50 Oct 2025 monthly Jan 1998 - Oct 2025
Luxembourg (%) 5.90 Oct 2025 monthly Jan 1995 - Oct 2025
Macau SAR, China (%) 1.70 Oct 2025 monthly Sep 1996 - Oct 2025
North Macedonia (%) 11.50 Jun 2025 quarterly Sep 2021 - Jun 2025
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.00 Sep 2025 monthly Jan 2010 - Sep 2025
Malta (%) 2.94 Jun 2025 quarterly Mar 2018 - Jun 2025
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.60 Oct 2025 monthly Jan 2005 - Oct 2025
Moldova (%) 3.97 Jun 2025 quarterly Mar 1999 - Jun 2025
Mongolia (%) 5.50 Sep 2025 quarterly Sep 2006 - Sep 2025
Montenegro (%) 10.50 Jun 2025 quarterly Mar 2008 - Jun 2025
Morocco (%) 13.10 Sep 2025 quarterly Mar 1999 - Sep 2025
Mozambique (%) 3.53 2024 yearly 1991 - 2024
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 4.00 Oct 2025 monthly Jan 2003 - Oct 2025
New Zealand (%) 5.30 Sep 2025 quarterly Mar 1986 - Sep 2025
Nigeria (%) 4.30 Jun 2024 quarterly Dec 2022 - Jun 2024
Norway (%) 4.50 Oct 2025 monthly Jan 1989 - Oct 2025
Oman (%) 2.90 Oct 2025 monthly Mar 2018 - Oct 2025
Pakistan (%) 6.90 2025 yearly 1980 - 2025
Palestinian Territory (%) 28.60 Jun 2025 quarterly Mar 2000 - Jun 2025
Panama (%) 9.50 2024 yearly 2003 - 2024
Paraguay (%) 4.91 Jun 2025 quarterly Mar 2017 - Jun 2025
Peru (%) 5.94 Oct 2025 monthly Mar 2001 - Oct 2025
Philippines (%) 5.30 Jul 2025 quarterly Jul 1982 - Jul 2025
Poland (%) 5.60 Oct 2025 monthly Jan 1990 - Oct 2025
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2024 yearly 1997 - 2024
Romania (%) 5.90 Sep 2025 monthly Jan 2004 - Sep 2025
Russia (%) 2.20 Sep 2025 monthly Jan 1994 - Sep 2025
Saudi Arabia (%) 3.21 Jun 2025 quarterly Mar 2012 - Jun 2025
Serbia (%) 8.20 Sep 2025 quarterly Mar 2014 - Sep 2025
Singapore (%) 2.00 Sep 2025 monthly Mar 2020 - Sep 2025
Slovakia (%) 5.02 Oct 2025 monthly Jan 2006 - Oct 2025
Slovenia (%) 4.20 Sep 2025 quarterly Jun 1997 - Sep 2025
South Africa (%) 31.90 Sep 2025 quarterly Mar 2008 - Sep 2025
Spain (%) 10.45 Sep 2025 quarterly Mar 2002 - Sep 2025
Sri Lanka (%) 3.80 Jun 2025 quarterly Mar 2004 - Jun 2025
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 8.96 Oct 2025 monthly Jan 1983 - Oct 2025
Switzerland (%) 5.20 Sep 2025 monthly Jan 1991 - Sep 2025

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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 Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 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: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 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
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: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
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 Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 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: Food and Live Animals (NGN mn) 455,343.676 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
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 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) -551.1 Mar 2025 quarterly Mar 2008 - Mar 2025
Current Account Balance (USD mn) 3,726.7 Mar 2025 quarterly Mar 2014 - Mar 2025
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 246.9 Mar 2025 quarterly Mar 2014 - Mar 2025
Foreign Direct Investment: % of GDP (%) 0.4 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment (USD mn) -5,026.384 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: % of GDP (%) -8.1 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -133.9 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -4,892.510 Mar 2025 quarterly Mar 2008 - Mar 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) -68,555.096 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) 27,684.996 Oct 2025 monthly Apr 1990 - Oct 2025
Money Supply M2 (USD mn) 83,749.939 Oct 2025 monthly Apr 1990 - Oct 2025
M2 Growth (%) 10.2 Oct 2025 monthly Apr 1991 - Oct 2025
Reserve Requirement Ratio (%) 45.0 Oct 2025 monthly Nov 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 38,880.0 Jan 2025 monthly Jan 1960 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 16.359 Dec 2024 quarterly Dec 2010 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025
Gold Reserves (USD mn) 2,152.409 Mar 2025 monthly Dec 1950 - Mar 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) 69,798.2 Oct 2025 monthly Apr 1990 - Oct 2025
Domestic Credit Growth (%) -12.6 Oct 2025 monthly Apr 1991 - Oct 2025
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
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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