Nigeria Unemployment Rate

2010 - 2013 | Yearly | % | National Bureau of Statistics of the Federal Republic of Nigeria

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.

In the latest reports, Nigeria's Population reached 206.14 million people in Dec 2020. The country's Labour Force Participation Rate dropped to 52.91 % in Dec 2019.

What was Nigeria's Unemployment Rate in 2013?

Last Previous Min Max Unit Frequency Range

10.00

% 2013 yearly 2010 - 2013

10.60

% 2012 yearly 2010 - 2013

5.10

2010

10.60

2012

%

yearly

2010 - 2013

Updated on 27 May 2019

Unemployment Rate by Country Comparison

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All Countries/Regions
Asia and Oceania
Europe and Central Asia
Middle East and Africa
North and South America
Country/Region Last Frequency Range
Albania (%)

11.40

Mar 2020

quarterly

Mar 2012 - Mar 2020

Algeria (%)

11.70

2018

yearly

1982 - 2018

Argentina (%)

8.90

Dec 2019

quarterly

Dec 2002 - Dec 2019

Armenia (%)

19.80

Mar 2020

quarterly

Mar 2008 - Mar 2020

Australia (%)

7.45

Jun 2020

monthly

Feb 1978 - Jun 2020

Austria (%)

5.71

Jun 2020

monthly

Jan 1993 - Jun 2020

Azerbaijan (%)

6.46

Jun 2020

quarterly

Mar 2008 - Jun 2020

Bahrain (%)

4.30

2016

yearly

1991 - 2016

Bangladesh (%)

4.19

2019

yearly

1991 - 2019

Belarus (%)

0.20

Jun 2020

monthly

Oct 2004 - Jun 2020

Belgium (%)

5.13

Mar 2020

quarterly

Mar 1999 - Mar 2020

Bolivia (%)

3.40

2017

yearly

1999 - 2017

Bosnia and Herzegovina (%)

15.70

2019

yearly

2006 - 2019

Botswana (%)

18.19

2019

yearly

1991 - 2019

Brazil (%)

13.30

Jun 2020

monthly

Mar 2012 - Jun 2020

Brunei (%)

9.12

2019

yearly

1991 - 2019

Bulgaria (%)

4.60

Mar 2020

quarterly

Mar 2000 - Mar 2020

Cambodia (%)

0.10

2017

yearly

2007 - 2017

Canada (%)

12.30

Jun 2020

monthly

Jan 1976 - Jun 2020

Chile (%)

12.20

Jun 2020

monthly

Mar 2009 - Jun 2020

China (%)

3.84

Jun 2020

quarterly

Dec 1999 - Jun 2020

Colombia (%)

19.81

Jun 2020

monthly

Jan 2001 - Jun 2020

Croatia (%)

7.20

Dec 2019

quarterly

Mar 2000 - Dec 2019

Cyprus (%)

7.30

Mar 2020

quarterly

Jun 2004 - Mar 2020

Czech Republic (%)

1.97

Mar 2020

quarterly

Dec 2002 - Mar 2020

Denmark (%)

5.30

Mar 2019

quarterly

Mar 1996 - Mar 2019

Ecuador (%)

3.84

Dec 2019

quarterly

Dec 2013 - Dec 2019

Egypt (%)

8.00

Dec 2019

quarterly

Mar 2003 - Dec 2019

Estonia (%)

5.00

Mar 2020

quarterly

Mar 1989 - Mar 2020

European Union (%)

6.20

Jan 2020

monthly

Jan 2000 - Jan 2020

Finland (%)

6.70

Jun 2020

monthly

Jan 1988 - Jun 2020

France (%)

7.80

Mar 2020

quarterly

Mar 1975 - Mar 2020

Georgia (%)

11.57

2019

yearly

1991 - 2019

Germany (%)

4.20

Jun 2020

monthly

Jan 1991 - Jun 2020

Greece (%)

17.00

May 2020

monthly

Apr 1998 - May 2020

Hong Kong SAR, China (%)

6.20

Jun 2020

monthly

Oct 1981 - Jun 2020

Hungary (%)

4.63

Jun 2020

quarterly

Mar 1998 - Jun 2020

Iceland (%)

4.50

May 2020

monthly

Jan 2003 - May 2020

India (%)

5.36

2019

yearly

1991 - 2019

Indonesia (%)

5.28

2019

yearly

1984 - 2019

Iran (%)

10.60

Mar 2020

quarterly

Jun 2001 - Mar 2020

Ireland (%)

9.80

Apr 2015

monthly

Jan 1983 - Apr 2015

Israel (%)

4.50

Jun 2020

monthly

Jan 2012 - Jun 2020

Italy (%)

8.85

Jun 2020

monthly

Jan 1983 - Jun 2020

Ivory Coast (%)

3.32

2019

yearly

1991 - 2019

Japan (%)

2.80

Jun 2020

monthly

Jan 1953 - Jun 2020

Jordan (%)

19.00

Nov 2019

quarterly

Feb 2000 - Nov 2019

Kazakhstan (%)

4.80

Jun 2020

monthly

Jan 2001 - Jun 2020

Kenya (%)

2.64

2019

yearly

1991 - 2019

South Korea (%)

4.30

Jun 2020

monthly

Jun 1999 - Jun 2020

Kosovo (%)

25.70

2019

yearly

2001 - 2019

Kuwait (%)

2.09

2018

yearly

1999 - 2018

Kyrgyzstan (%)

6.20

2018

yearly

1992 - 2018

Laos (%)

0.63

2019

yearly

1991 - 2019

Latvia (%)

7.40

Mar 2020

quarterly

Mar 2002 - Mar 2020

Lebanon (%)

11.35

2018

yearly

2004 - 2018

Lithuania (%)

9.40

Jun 2020

monthly

Jan 1998 - Jun 2020

Luxembourg (%)

6.98

Jun 2020

monthly

Jan 1995 - Jun 2020

Macau SAR, China (%)

2.40

May 2020

monthly

Sep 1996 - May 2020

North Macedonia (%)

16.20

Mar 2020

quarterly

Mar 2004 - Mar 2020

Malawi (%)

6.60

2013

yearly

2005 - 2013

Malaysia (%)

5.40

May 2020

monthly

Jan 2016 - May 2020

Malta (%)

3.30

Mar 2020

quarterly

Dec 2000 - Mar 2020

Mauritius (%)

7.10

Mar 2020

quarterly

Mar 2004 - Mar 2020

Mexico (%)

3.26

Mar 2020

monthly

Jan 2005 - Mar 2020

Moldova (%)

3.99

Sep 2019

quarterly

Mar 1999 - Sep 2019

Mongolia (%)

8.10

Dec 2019

quarterly

Sep 2006 - Dec 2019

Montenegro (%)

16.30

Mar 2020

quarterly

Mar 2008 - Mar 2020

Morocco (%)

10.20

Dec 2019

quarterly

Mar 1999 - Dec 2019

Myanmar (%)

1.58

2019

yearly

1991 - 2019

Nepal (%)

1.41

2019

yearly

1991 - 2019

Netherlands (%)

3.80

Mar 2020

monthly

Jan 2003 - Mar 2020

New Zealand (%)

4.00

Jun 2020

quarterly

Mar 1986 - Jun 2020

Nigeria (%)

10.00

2013

yearly

2010 - 2013

Norway (%)

4.60

May 2020

monthly

Jan 1989 - May 2020

Oman (%)

2.67

2019

yearly

1991 - 2019

Pakistan (%)

5.79

2018

yearly

1980 - 2018

Panama (%)

7.10

2019

yearly

2003 - 2019

Paraguay (%)

5.20

2017

yearly

1998 - 2017

Peru (%)

3.93

2018

yearly

2001 - 2018

Philippines (%)

17.70

Apr 2020

quarterly

Jul 1982 - Apr 2020

Poland (%)

3.10

Mar 2020

quarterly

Dec 1999 - Mar 2020

Portugal (%)

7.00

Jun 2020

monthly

Feb 1998 - Jun 2020

Qatar (%)

0.10

2018

yearly

1997 - 2018

Romania (%)

5.20

Jun 2020

monthly

Jan 1997 - Jun 2020

Russia (%)

4.66

Mar 2020

monthly

Jan 1994 - Mar 2020

Saudi Arabia (%)

6.00

2018

yearly

1991 - 2018

Serbia (%)

9.70

Dec 2019

quarterly

Mar 2014 - Dec 2019

Singapore (%)

2.90

Jun 2020

quarterly

Mar 1987 - Jun 2020

Slovakia (%)

5.60

Dec 2019

quarterly

Mar 1994 - Dec 2019

Slovenia (%)

4.00

Dec 2019

quarterly

Jun 1997 - Dec 2019

South Africa (%)

30.10

Mar 2020

quarterly

Mar 2008 - Mar 2020

Spain (%)

15.33

Jun 2020

quarterly

Sep 1976 - Jun 2020

Sri Lanka (%)

5.70

Mar 2020

quarterly

Jun 2012 - Mar 2020

Sudan (%)

20.30

2010

yearly

1993 - 2010

Sweden (%)

8.03

May 2020

monthly

Jan 1983 - May 2020

Switzerland (%)

4.66

Mar 2020

monthly

Jan 1991 - Mar 2020

Syria (%)

14.90

2011

yearly

2000 - 2011

Taiwan (%)

3.97

Jun 2020

monthly

Apr 1993 - Jun 2020

Tajikistan (%)

2.30

Apr 2018

monthly

Jan 2000 - Apr 2018

Thailand (%)

1.00

Mar 2020

monthly

Jan 2001 - Mar 2020

Tunisia (%)

15.10

Mar 2020

quarterly

Jun 2011 - Mar 2020

Turkey (%)

13.80

Apr 2020

monthly

Jan 2005 - Apr 2020

Ukraine (%)

8.70

Dec 2019

quarterly

Mar 1999 - Dec 2019

United Arab Emirates (%)

2.23

2018

yearly

1995 - 2018

United Kingdom (%)

3.93

Apr 2020

monthly

Feb 1971 - Apr 2020

United States (%)

11.10

Jun 2020

monthly

Jan 1948 - Jun 2020

Uruguay (%)

9.70

May 2020

monthly

Jan 2006 - May 2020

Venezuela (%)

6.35

Dec 2018

monthly

Jan 1999 - Dec 2018

Vietnam (%)

3.11

2019

yearly

1996 - 2019

Yemen (%)

13.50

2014

yearly

1994 - 2014

Nigeria Key Series

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All Indicators
National Accounts
Production
Government and Public Finance
Demographic and Labour Market
Domestic Trade and Household Survey
Inflation
Foreign Trade
Balance of Payments
Monetary
Banking Statistics
Interest and Foreign Exchange Rates
Energy
Tourism
Business and Economic Survey
Financial Market
Transport and Telecommunications
National Accounts Last Frequency Range
Nominal GDP (USD mn)

113,884.7

Mar 2020

quarterly

Mar 2010 - Mar 2020

Real GDP Growth (%)

1.9

Mar 2020

quarterly

Mar 2011 - Mar 2020

Nominal GDP Growth (%)

12.013

Mar 2020

quarterly

Mar 2011 - Mar 2020

GDP per Capita (USD)

2,341.862

2019

yearly

1981 - 2019

GDP Deflator Growth (%)

10.0

Mar 2020

quarterly

Mar 2011 - Mar 2020

Private Consumption Expenditure (USD mn)

100,060.552

Dec 2019

quarterly

Mar 2010 - Dec 2019

Private Consumption: % of GDP (%)

73.5

2019

yearly

1981 - 2019

Public Consumption Expenditure (USD mn)

7,013.533

Dec 2019

quarterly

Mar 2010 - Dec 2019

Public Consumption: % of GDP (%)

5.9

2019

yearly

1981 - 2019

Investment: % of GDP (%)

26.2

2019

yearly

1981 - 2019

Gross Fixed Capital Formation (USD mn)

33,781.413

Dec 2019

quarterly

Mar 2010 - Dec 2019

Gross National Product (USD mn)

433,449.465

2019

yearly

1960 - 2019

Gross Savings Rate (%)

20.6

2019

yearly

1981 - 2019

Forecast: GDP PPP Per Capita (PPP Intl $)

6,712.984

2024

yearly

1990 - 2024

Forecast: Nominal GDP Per Capita (USD)

3,346.387

2024

yearly

1990 - 2024

Forecast: Real GDP Growth (%)

2.623

2021

yearly

1991 - 2021

Total Trade of Goods & Services: % of Nominal GDP (%)

34.095

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Final Consumption Expenditure (FCE): General Government (GG) (NGN mn)

2,149,323.176

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: FCE: Private: Households (NGN mn)

30,498,516.032

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Changes in Inventories (NGN mn)

285,593.525

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Gross Fixed Capital Formation (NGN mn)

10,352,439.460

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Exports of Goods & Services (NGN mn)

5,113,321.501

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Imports of Goods & Services (NGN mn)

8,534,880.435

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Final Consumption Expenditure (FCE): General Governme... (NGN mn)

1,082,949.341

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: FCE: Households (NGN mn)

12,030,651.452

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Gross Fixed Capital Formation (NGN mn)

3,060,921.998

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Exports of Goods & Services (NGN mn)

6,132,329.510

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Imports of Goods & Services (NGN mn)

2,780,544.204

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Basic Prices: Services: Public Administration (NGN mn)

560,764.029

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Industry (NGN mn)

10,509,175.322

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Industry: Mining & Quarrying (MQ) (NGN mn)

2,841,035.666

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Industry: Utilities: Water Supply, Sewage & Waste Mng (NGN mn)

78,033.479

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Industry: Utilities: Electricity, Gas, Steam & Air Conditioni... (NGN mn)

134,797.538

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Industry: Manufacturing (Mfg) (NGN mn)

4,625,845.146

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Arts, Entertainment & Recreation (NGN mn)

89,201.321

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Real Estate (NGN mn)

1,863,236.073

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Finance & Insurance (FI) (NGN mn)

1,273,433.209

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Industry: Construction (NGN mn)

2,829,463.494

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Wholesale and Retail Trade (NGN mn)

5,377,999.539

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Accommodation & Food Services (NGN mn)

429,653.110

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Information & Communication (IC) (NGN mn)

3,676,010.473

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices (NGN mn)

35,647,406.085

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Transportation & Storage (TS) (NGN mn)

953,991.119

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Professional, Scientific & Technical Services (NGN mn)

1,143,132.557

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Administrative & Support Services, Business Service... (NGN mn)

6,575.206

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Education (NGN mn)

700,852.548

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Human Health & Social Services (NGN mn)

218,227.966

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Agriculture (NGN mn)

7,442,677.415

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: Services: Other Services (NGN mn)

1,402,476.197

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Wholesale and Retail Trade (NGN mn)

2,692,253.730

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry: Mining & Quarrying (MQ) (NGN mn)

1,597,017.485

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry (NGN mn)

3,959,171.115

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry: MQ: Solid Minerals: Quarrying & Other Minera... (NGN mn)

1,047.040

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Professional, Scientific & Technical Service... (NGN mn)

572,257.931

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry: Manufacturing (Mfg) (NGN mn)

1,615,390.581

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry: Construction (NGN mn)

682,791.738

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry: Utilities: Electricity, Gas, Steam & Air Con... (NGN mn)

33,907.846

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p (NGN mn)

16,741,809.923

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Real Estate (NGN mn)

872,533.434

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Finance & Insurance (FI) (NGN mn)

637,487.096

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Transportation & Storage (TS) (NGN mn)

296,779.233

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Accommodation & Food Services (NGN mn)

178,331.471

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Information & Communication (IC) (NGN mn)

2,356,225.320

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry: Utilities: Water Supply, Sewage & Waste Mng (NGN mn)

30,063.465

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Industry: MQ: Crude Petroleum & Natural Gas (NGN mn)

1,591,248.223

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Administrative & Support Services, Business ... (NGN mn)

3,291.581

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Public Administration (NGN mn)

280,721.305

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Education (NGN mn)

348,558.962

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Human Health & Social Services (NGN mn)

113,695.467

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Arts, Entertainment & Recreation (NGN mn)

51,263.119

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Services: Other Services (NGN mn)

702,086.667

Mar 2020

quarterly

Mar 2010 - Mar 2020

GDP: Basic Prices: 2010p: Agriculture (NGN mn)

3,677,153.492

Mar 2020

quarterly

Mar 2010 - Mar 2020

Production Last Frequency Range
Industrial Production Index Growth (%)

-10.1

Mar 2020

quarterly

Mar 2011 - Mar 2020

Minerals Production (Metric Ton)

136,888,431.000

2018

yearly

2009 - 2018

Gold Production (kg)

20.000

2017

yearly

1993 - 2017

Motor Vehicle Production (Unit)

2,040.000

2008

yearly

1999 - 2008

Industrial Production Index (2010=100)

97.600

Mar 2020

quarterly

Mar 2010 - Mar 2020

Industrial Production Index: Manufacturing (2010=100)

181.500

Mar 2020

quarterly

Mar 2010 - Mar 2020

Industrial Production Index: Mining (2010=100)

56.400

Mar 2020

quarterly

Mar 2010 - Mar 2020

Capacity Utilization Rate: Manufacturing (%)

55.000

Dec 2018

quarterly

Dec 2008 - Dec 2018

Electricity Generation: Average per Hour (MWh)

3,630.500

Dec 2019

quarterly

Mar 2005 - Dec 2019

Electricity Consumption: Average per Hour (MWh)

3,324.200

Dec 2019

quarterly

Mar 2005 - Dec 2019

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%)

-3.3

2019

yearly

2005 - 2019

Consolidated Fiscal Balance (USD mn)

4,673.639

Mar 2020

quarterly

Mar 2005 - Mar 2020

National Government Debt (USD mn)

74,100.618

Mar 2020

quarterly

Dec 2006 - Mar 2020

Government Debt: % of GDP (%)

16.2

2019

yearly

1981 - 2019

Forecast: Government Expenditure (NGN bn)

30,277.552

2024

yearly

1990 - 2024

Forecast: Government Net Debt (NGN bn)

89,098.797

2024

yearly

1990 - 2024

Forecast: Government Revenue (NGN bn)

19,020.111

2024

yearly

1990 - 2024

Gross Federation Account Revenue (NGN bn)

2,527.270

Mar 2020

quarterly

Mar 2005 - Mar 2020

Federal Govt Balance (NGN bn)

-1,462.910

Mar 2020

quarterly

Mar 2005 - Mar 2020

Gross Federation Account Revenue: Oil (NGN bn)

1,563.650

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Revenue (NGN bn)

938.720

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Expenditure (NGN bn)

2,074.460

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Expenditure: Recurrent (NGN bn)

1,513.940

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Expenditure: Capital (NGN bn)

442.210

Dec 2019

quarterly

Mar 2005 - Dec 2019

Government Debt: Domestic (NGN bn)

14,272.645

Dec 2019

quarterly

Dec 2005 - Dec 2019

Demographic and Labour Market Last Frequency Range
Population (Person mn)

206.1

2020

yearly

1950 - 2020

Labour Force Participation Rate (%)

52.9

2019

yearly

1990 - 2019

Employed Persons (Person)

69,542,943.617

Sep 2018

quarterly

Mar 2012 - Sep 2018

Unemployment Rate (%)

10.00

2013

yearly

2010 - 2013

Labour Productivity Growth (%)

1.14

Sep 2018

quarterly

Mar 2013 - Sep 2018

Forecast: Population (Person mn)

227.713

2024

yearly

1980 - 2024

Forecast: Employment (Person mn)

0.000

yearly

-

Forecast: Unemployment Rate (%)

22.562

2018

yearly

2010 - 2018

Population: Male (Person mn)

101.447

2017

yearly

2006 - 2017

Population: Female (Person mn)

98.234

2017

yearly

2006 - 2017

Labour Force: Economically Active (Person)

90,470,591.606

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Economically Active: Employment: Male (Person)

39,655,607.963

Sep 2018

quarterly

Mar 2014 - Sep 2018

Labour Force: Economically Active: Employment Female (Person)

29,887,335.654

Sep 2018

quarterly

Mar 2014 - Sep 2018

Labour Force: Unemployment: Male (Person)

10,120,801.178

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Economically Active: Employment (Person)

69,542,943.617

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Unemployment: Female (Person)

10,806,846.811

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Economically Active: Unemployment (Person)

20,927,647.990

Sep 2018

quarterly

Mar 2012 - Sep 2018

Labour Force: Economically Active: Male (Person)

49,776,409.141

Sep 2018

quarterly

Mar 2014 - Sep 2018

Labour Force: Economically Active: Female (Person)

40,694,182.465

Sep 2018

quarterly

Mar 2014 - Sep 2018

Domestic Trade and Household Survey Last Frequency Range
Motor Vehicles Sales (Unit)

9,800

2019

yearly

2005 - 2019

Motor Vehicles Sales Growth (%)

-42.4

2019

yearly

2006 - 2019

Motor Vehicle Sales: Commercial Cars (Unit)

4,700.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Motor Vehicle Sales: Passenger Cars (Unit)

5,100.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Consumer Confidence: Net Balance (% Point)

23.7

Jun 2020

quarterly

Jun 2009 - Jun 2020

Consumer Confidence Growth (% Point)

-6.8

Jun 2020

quarterly

Jun 2010 - Jun 2020

Inflation Last Frequency Range
Consumer Price Index CPI Growth (%)

12.6

Jun 2020

monthly

Jan 1961 - Jun 2020

Core CPI Change (%)

10.755

Jun 2020

monthly

Jan 1996 - Jun 2020

CPI: Food and Non Alcoholic Beverage Change (%)

15.098

Jun 2020

monthly

Jan 1996 - Jun 2020

Forecast: Consumer Price Index Growth (%)

12.370

2021

yearly

1996 - 2021

Consumer Price Index (Nov2009=100)

326.075

Jun 2020

monthly

Jan 1995 - Jun 2020

Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100)

361.720

Jun 2020

monthly

Jan 1995 - Jun 2020

Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100)

250.371

Jun 2020

monthly

Jan 1995 - Jun 2020

Foreign Trade Last Frequency Range
Trade Balance (USD mn)

-497.5

Mar 2020

monthly

Jan 2003 - Mar 2020

Total Exports (USD mn)

4,989.4

Mar 2020

monthly

Jan 1981 - Mar 2020

Total Exports Growth (%)

-6.5

Mar 2020

monthly

Jan 1982 - Mar 2020

Aluminum: Exports (USD th)

140,649.113

2018

yearly

1995 - 2018

Exports: Medicament (USD th)

1,769.750

2018

yearly

1995 - 2018

Exports: Medicinal and Pharmaceutical Product (USD th)

383.638

2018

yearly

1995 - 2018

Total Imports (USD mn)

4,051.7

Mar 2020

monthly

Jan 1981 - Mar 2020

Total Imports Growth (%)

17.1

Mar 2020

monthly

Jan 1982 - Mar 2020

Forecast: Exports of Goods Growth (%)

2.507

2024

yearly

1991 - 2024

Imports: Medicament (USD th)

774,500.081

2018

yearly

1995 - 2018

Imports: Medicinal and Pharmaceutical Product (USD th)

273,049.631

2018

yearly

1995 - 2018

Total Exports to USA (USD mn)

65.918

Mar 2020

monthly

Jan 2003 - Mar 2020

Total Imports from USA (USD mn)

396.293

Mar 2020

monthly

Dec 2009 - Mar 2020

Total Imports from China (USD mn)

1,192.065

Mar 2020

monthly

Jan 2007 - Mar 2020

Exports: Crude Oil (NGN mn)

662,778.227

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports (NGN mn)

965,633.840

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Europe: ow UK (NGN mn)

16,804.572

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Europe: ow Netherlands (NGN mn)

79,219.039

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: America: ow USA (NGN mn)

21,497.458

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow Germany (NGN mn)

47,363.917

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow UK (NGN mn)

32,892.642

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow Netherlands (NGN mn)

24,669.374

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Asia: ow China (NGN mn)

388,762.256

Mar 2020

monthly

Jan 2007 - Mar 2020

Imports: America: ow USA (NGN mn)

129,241.013

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn)

40,923.710

2018

yearly

2003 - 2018

Exports: Vegetable Products (NGN mn)

176,320.493

2018

yearly

2003 - 2018

Exports: Mineral Products (NGN mn)

18,012,406.653

2018

yearly

2003 - 2018

Imports (NGN mn)

1,127,880.093

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Food and Live Animals (NGN mn)

152,121.791

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn)

19,264.671

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Chemicals and Chemical Products (NGN mn)

145,305.290

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Manufactured Goods (NGN mn)

90,534.292

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Machinery and Transport Equipment (NGN mn)

599,380.267

Mar 2020

monthly

Jan 2003 - Mar 2020

Balance of Payments Last Frequency Range
Current Account Balance (USD mn)

-4,881.7

Mar 2020

quarterly

Mar 2008 - Mar 2020

Current Account Balance: % of GDP (%)

-4.3

Mar 2020

quarterly

Mar 2008 - Mar 2020

Foreign Direct Investment (USD mn)

427.8

Mar 2020

quarterly

Mar 2008 - Mar 2020

Foreign Direct Investment: % of GDP (%)

0.4

Mar 2020

quarterly

Mar 2010 - Mar 2020

Foreign Portfolio Investment (USD mn)

-8,335.660

Mar 2020

quarterly

Mar 2008 - Mar 2020

Foreign Portfolio Investment: % of GDP (%)

-7.319

Mar 2020

quarterly

Mar 2010 - Mar 2020

Foreign Portfolio Investment: Equity Securities (USD mn)

-1,414.162

Mar 2020

quarterly

Mar 2008 - Mar 2020

Foreign Portfolio Investment: Debt Securities (USD mn)

-6,921.495

Mar 2020

quarterly

Mar 2008 - Mar 2020

External Debt (USD mn)

8,991.3

Mar 2013

quarterly

Jun 2011 - Mar 2013

External Debt: % of GDP (%)

1.9

2012

yearly

2011 - 2012

Direct Investment Abroad (USD mn)

360.8

Mar 2020

quarterly

Mar 2008 - Mar 2020

Net International Investment Position (USD mn)

-82,598.152

2018

yearly

2005 - 2018

Forecast: Current Account Balance (USD bn)

-1.395

2024

yearly

1980 - 2024

BoP: CA: Current Transfers (USD mn)

6,148.454

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Financial Account: Assets: Other Investment (USD mn)

-1,144.953

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn)

-99.940

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Current Transfers: Debit (USD mn)

-139.810

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Capital Account (USD mn)

0.000

Dec 2019

quarterly

Mar 2008 - Dec 2019

BoP: CF: Financial Account: Assets (USD mn)

2,780.029

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Current Transfers: Credit (USD mn)

6,288.264

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Financial Account (USD mn)

-6,300.421

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Financial Account: Assets: Direct Investment (USD mn)

-360.759

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Income: Debit (USD mn)

-3,356.495

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Financial Account: Liabilities (USD mn)

-9,080.450

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Financial Account: Assets: Reserves Assets (USD mn)

4,385.681

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: Net Errors & Omission (USD mn)

11,182.152

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn)

-8,335.657

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Services (USD mn)

-9,260.469

Dec 2019

quarterly

Mar 2008 - Dec 2019

BoP: CF: Financial Account: Liabilities: Other Investment (USD mn)

-1,172.552

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Services: Credit (USD mn)

1,120.401

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Services: Debit (USD mn)

-8,896.739

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Goods (USD mn)

-439.906

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Goods: Credit (USD mn)

13,389.360

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Goods: Debit (USD mn)

-13,829.265

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Income (USD mn)

-2,813.940

Mar 2020

quarterly

Mar 2008 - Mar 2020

BoP: CA: Income: Credit (USD mn)

542.555

Mar 2020

quarterly

Mar 2008 - Mar 2020

External Debt: Government (USD mn)

27,665.660

Mar 2020

quarterly

Dec 2006 - Mar 2020

External Debt: Government: International Capital Market (USD mn)

10,868.350

Mar 2020

quarterly

Mar 2011 - Mar 2020

External Debt: Service Payments (USD mn)

194.440

Dec 2018

quarterly

Mar 2008 - Dec 2018

Capital Inflow: Foreign Direct Investment (USD)

110,924,229.500

Jan 2020

monthly

Jan 2007 - Jan 2020

Monetary Last Frequency Range
Money Supply M1 (USD mn)

33,853.687

Jun 2020

monthly

Nov 1992 - Jun 2020

Money Supply M2 (USD mn)

89,240.877

Jun 2020

monthly

Nov 1992 - Jun 2020

M2 Growth (%)

15.3

Jun 2020

monthly

Nov 1993 - Jun 2020

Non Performing Loans Ratio (%)

11.4

2018

yearly

2003 - 2018

Reserve Requirement Ratio (%)

27.5

Jul 2020

monthly

Nov 2005 - Jul 2020

Foreign Exchange Reserves (USD mn)

35,877.6

Jul 2020

monthly

Jan 1960 - Jul 2020

Foreign Exchange Reserves: % of GDP (%)

7.009

Mar 2020

quarterly

Dec 2010 - Mar 2020

Foreign Exchange Reserves: Months of Import (NA)

8.3

Mar 2020

monthly

Jan 1981 - Mar 2020

Gold Reserves (USD mn)

0.062

Jan 2018

monthly

Dec 1950 - Jan 2018

Total Deposits (USD mn)

84,227.541

2019

yearly

1992 - 2019

Total Deposits Growth (%)

2.607

Dec 2019

monthly

Nov 1993 - Dec 2019

Domestic Credit (USD mn)

107,854.5

May 2020

monthly

Nov 1992 - May 2020

Domestic Credit Growth (%)

17.6

Jun 2020

monthly

Nov 1993 - Jun 2020

Private Debt: % of Nominal GDP (%)

10.76

Mar 2020

quarterly

Dec 2010 - Mar 2020

Monetary Survey: Liabilities: M2 (NGN mn)

32,171,336.260

Jun 2020

monthly

Nov 1992 - Jun 2020

Monetary Survey: Liabilities: M2: M1 (NGN mn)

12,386,831.120

May 2020

monthly

Nov 1992 - May 2020

Monetary Survey: Liabilities: M2: Quasi Money (NGN mn)

20,103,701.130

May 2020

monthly

Nov 1992 - May 2020

Monetary Survey: Liabilities: Base Money (NGN mn)

12,968,506.550

May 2020

monthly

Jan 1993 - May 2020

Non Performing Loans to Gross Loans (%)

9.335

Jun 2019

semiannually

Dec 2003 - Jun 2019

Banking Statistics Last Frequency Range
Liquid Assets Ratio (%)

32.5

Mar 2020

monthly

Jun 2001 - Mar 2020

Capital Adequacy Ratio (%)

15.3

2018

yearly

2004 - 2018

Monetary Authorities: Assets (NGN mn)

43,854,805.160

Dec 2019

monthly

Dec 2001 - Dec 2019

Central Bank of Nigeria: Assets (NGN th)

29,478,837,009.000

Oct 2019

monthly

Jan 2005 - Oct 2019

Banking Sector: Regulatory Capital to Risk Weighted Assets (%)

15.272

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Tier 1 Capital to Risk Weighted Assets (%)

13.555

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Liquid Assets to Total Assets (%)

22.640

Dec 2018

semiannually

Jun 2008 - Dec 2018

Banking Sector: Liquid Assets to Short Term Liabilities (%)

35.106

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Return on Assets (%)

2.529

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Interest Margin to Gross Income (%)

67.270

Dec 2018

semiannually

Jun 2008 - Dec 2018

Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa)

15.650

Jun 2020

monthly

Jan 2006 - Jun 2020

Exchange Rate against USD (NGN/USD)

360.500

Jul 2020

monthly

Jan 1957 - Jul 2020

Policy Rate (% pa)

12.50

Jul 2020

monthly

Dec 2006 - Jul 2020

Short Term Interest Rate (% pa)

5.39

Jun 2020

monthly

Jan 2010 - Jun 2020

Real Effective Exchange Rate (2005=100)

136.5

Jun 2020

monthly

Dec 1979 - Jun 2020

Deposit Rate: Savings Deposits (% pa)

3.780

Jun 2020

monthly

Jan 2006 - Jun 2020

Prime Lending Rate (% pa)

15.650

Jun 2020

monthly

Jan 2006 - Jun 2020

Energy Last Frequency Range
Electricity Production (GWh)

7,720

Mar 2020

quarterly

Mar 2005 - Mar 2020

Natural Gas Production: OPEC: Marketed Production (Cub m mn)

47,827.878

2019

yearly

1963 - 2019

Natural Gas: Exports (Cub m mn)

35,953.100

2019

yearly

1960 - 2019

Crude Oil: Production (Barrel/Day th)

1,504.000

Jun 2020

monthly

Jan 2002 - Jun 2020

Crude Oil: Exports (Barrel/Day th)

2,008.228

2019

yearly

1980 - 2019

Tourism Last Frequency Range
Visitor Arrivals (Person)

5,265,000

2016

yearly

1995 - 2016

Visitor Arrivals Growth (%)

-12.5

2016

yearly

1996 - 2016

Tourism Revenue (USD mn)

1,977

2018

yearly

1995 - 2018

Tourism Revenue Growth (%)

-24.4

2018

yearly

1996 - 2018

Business and Economic Survey Last Frequency Range
Business Confidence: Net Balance (% Point)

1.7

Dec 2017

quarterly

Jun 2008 - Dec 2017

Business Confidence Growth (% Point)

-32.6

Jun 2020

quarterly

Sep 2015 - Jun 2020

Financial Market Last Frequency Range
Equity Market Index (03Jan1984=100)

24,693.7

Jul 2020

monthly

Jan 1985 - Jul 2020

Market Capitalization: % of GDP (%)

9.0

2019

yearly

1985 - 2019

Market Capitalization: Nigeria Stock Exchange (NGN tn)

27.479

Jun 2020

monthly

Jun 2008 - Jun 2020

Shares Trading: Nigeria Stock Exchange: Volume (Unit bn)

5.550

Dec 2019

monthly

Jan 2008 - Dec 2019

Shares Trading: Nigeria Stock Exchange: Value (NGN bn)

64.180

Dec 2019

monthly

Jan 2008 - Dec 2019

Transport and Telecommunications Last Frequency Range
Motor Vehicle Registered (Unit th)

3,750.000

2015

yearly

2005 - 2015

Container Port Throughput (TEU)

1,210,000.000

2018

yearly

2008 - 2018

Liner Shipping Connectivity Index (2004=100)

18.960

2018

yearly

2004 - 2018

Number of Subscriber Fixed Line (Unit)

140,491.000

2018

yearly

1960 - 2018

Number of Subscriber Mobile (Person)

172,730,603.000

2018

yearly

1960 - 2018

Teledensity: Fixed Line (Number)

0.072

2018

yearly

1960 - 2018

Teledensity: Mobile (Number)

88.184

2018

yearly

1960 - 2018

Exports: ICT Goods (USD th)

40.102

2018

yearly

2000 - 2018

Exports: Telecommunication Equipment (USD th)

3,149.796

2018

yearly

1995 - 2018

Exports: Television (USD th)

1,080.168

2018

yearly

1995 - 2018

Imports: ICT Goods (USD th)

1,323,695.494

2018

yearly

2000 - 2018

Imports: Telecommunication Equipment (USD th)

1,307,968.553

2018

yearly

1995 - 2018

Imports: Television (USD th)

267,949.545

2018

yearly

1995 - 2018

Passenger Traffic: Airport (Person)

17,230,438.000

2018

yearly

2003 - 2018

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