Nigeria Labour Force Participation Rate

1990 - 2023 | Yearly | % | CEIC Data

Key information about Nigeria Labour Force Participation Rate

  • Nigeria Labour Force Participation Rate increased to 59.1 % in Dec 2023, compared with 59.0 % in the previous year.
  • Nigeria Labour Force Participation Rate is updated yearly, available from Dec 1990 to Dec 2023, with an average rate of 60.2 % .
  • The data reached the an all-time high of 60.7 % in Dec 1990 and a record low of 58.3 % in Dec 2020.
  • Nigeria Labour Force Participation Rate is reported by reported by CEIC Data.
  • In the latest reports, Nigeria Population reached 211.5 million people in Dec 2021.
  • Unemployment Rate of Nigeria dropped to 4.1 % in Mar 2023.

View Nigeria's Labour Force Participation Rate from 1990 to 2023 in the chart:

Nigeria Labour Force Participation Rate

What was Nigeria's Labour Force Participation Rate in 2023?

Nigeria Labour Force Participation Rate increased to 59.1 % in Dec 2023, compared with 59.0 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
59.1 2023 59.0 2022 58.3 2020 60.7 1990 % yearly 1990 - 2023

Labour Force Participation Rate by Country Comparison

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Includes Labour Force Participation Rate on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 64.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Algeria (%) 41.7 2018 yearly 2003 - 2018
Argentina (%) 60.8 2023 yearly 1990 - 2023
Armenia (%) 61.7 Sep 2023 quarterly Mar 2008 - Sep 2023
Australia (%) 67.3 Feb 2024 monthly Feb 1978 - Feb 2024
Austria (%) 77.1 Jun 2022 quarterly Mar 2021 - Jun 2022
Azerbaijan (%) 70.2 2023 yearly 1990 - 2023
Bahrain (%) 71.9 2023 yearly 1990 - 2023
Bangladesh (%) 58.2 2023 yearly 1990 - 2023
Belarus (%) 86.8 2022 yearly 1995 - 2022
Belgium (%) 70.9 Dec 2023 quarterly Mar 1999 - Dec 2023
Bolivia (%) 77.7 Sep 2022 quarterly Dec 2015 - Sep 2022
Bosnia and Herzegovina (%) 47.8 2023 yearly 2006 - 2023
Botswana (%) 64.5 2023 yearly 1990 - 2023
Brazil (%) 62.0 Feb 2024 monthly Mar 2012 - Feb 2024
Brunei (%) 64.3 2023 yearly 1990 - 2023
Bulgaria (%) 56.1 Sep 2023 quarterly Jun 2000 - Sep 2023
Cambodia (%) 87.4 2020 yearly 2020 - 2020
Canada (%) 64.7 Feb 2024 monthly Jan 1976 - Feb 2024
Chile (%) 62.3 Feb 2024 monthly Mar 2009 - Feb 2024
China (%) 66.4 2023 yearly 1990 - 2023
Colombia (%) 63.8 Feb 2024 monthly Jan 2001 - Feb 2024
Croatia (%) 52.8 Dec 2023 quarterly Mar 2007 - Dec 2023
Cyprus (%) 64.9 Dec 2023 quarterly Jun 1999 - Dec 2023
Czech Republic (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Denmark (%) 74.6 Feb 2024 monthly Jan 2007 - Feb 2024
Ecuador (%) 65.6 Dec 2023 quarterly Dec 2013 - Dec 2023
Egypt (%) 42.7 2022 yearly 2009 - 2022
Estonia (%) 67.0 Sep 2023 quarterly Mar 2000 - Sep 2023
European Union (%) 75.4 2022 yearly 1990 - 2022
Finland (%) 67.8 Feb 2024 monthly May 2004 - Feb 2024
France (%) 74.1 Dec 2023 quarterly Mar 2003 - Dec 2023
Georgia (%) 51.9 2022 yearly 1998 - 2022
Germany (%) 55.9 Dec 2023 quarterly Mar 2007 - Dec 2023
Ghana (%) 68.8 2023 yearly 1990 - 2023
Greece (%) 59.7 Feb 2024 monthly Jan 2004 - Feb 2024
Hong Kong SAR, China (%) 57.0 Feb 2024 monthly Dec 1981 - Feb 2024
Hungary (%) 67.9 Dec 2023 quarterly Mar 2009 - Dec 2023
Iceland (%) 79.8 Feb 2024 monthly Jan 2003 - Feb 2024
India (%) 42.4 2023 yearly 1990 - 2023
Indonesia (%) 69.5 Aug 2023 semiannually Feb 2005 - Aug 2023
Iran (%) 41.0 Dec 2022 quarterly Jun 2018 - Dec 2022
Ireland (%) 65.4 Dec 2023 quarterly Mar 1998 - Dec 2023
Israel (%) 62.6 Feb 2024 monthly Jan 2012 - Feb 2024
Italy (%) 48.2 Dec 2020 monthly Jan 2004 - Dec 2020
Ivory Coast (%) 64.4 2023 yearly 1990 - 2023
Japan (%) 62.8 Feb 2024 monthly Jan 1968 - Feb 2024
Jordan (%) 39.4 2023 yearly 1990 - 2023
Kazakhstan (%) 68.3 Dec 2023 quarterly Jun 2001 - Dec 2023
Kenya (%) 73.7 2023 yearly 1990 - 2023
South Korea (%) 63.6 Feb 2024 monthly Jun 1999 - Feb 2024
Kosovo (%) 39.5 Mar 2023 quarterly Mar 2016 - Mar 2023
Kuwait (%) 71.5 2023 yearly 1990 - 2023
Kyrgyzstan (%) 60.1 2022 yearly 1994 - 2022
Laos (%) 59.6 2023 yearly 1990 - 2023
Latvia (%) 68.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Lebanon (%) 45.5 2023 yearly 1990 - 2023
Lithuania (%) 63.6 Dec 2023 quarterly Jun 1998 - Dec 2023
Luxembourg (%) 54.9 2022 yearly 2000 - 2022
Macau SAR, China (%) 67.7 Feb 2024 monthly Sep 1996 - Feb 2024
North Macedonia (%) 52.2 Dec 2023 quarterly Mar 2023 - Dec 2023
Malawi (%) 69.0 2023 yearly 1990 - 2023
Malaysia (%) 70.2 Jan 2024 monthly Jan 2010 - Jan 2024
Malta (%) 81.4 Dec 2023 quarterly Mar 2018 - Dec 2023
Mauritius (%) 58.7 Dec 2023 quarterly Mar 2004 - Dec 2023
Mexico (%) 60.2 Feb 2024 monthly Jan 2005 - Feb 2024
Moldova (%) 44.7 Dec 2023 quarterly Mar 2015 - Dec 2023
Mongolia (%) 57.6 Dec 2023 quarterly Sep 2006 - Dec 2023
Montenegro (%) 63.7 Dec 2023 quarterly Mar 2008 - Dec 2023
Morocco (%) 44.8 Jun 2023 quarterly Mar 1999 - Jun 2023
Mozambique (%) 79.0 2023 yearly 1990 - 2023
Myanmar (%) 59.4 2020 yearly 1991 - 2020
Nepal (%) 40.5 2023 yearly 1990 - 2023
Netherlands (%) 72.9 Feb 2024 monthly Jan 2003 - Feb 2024
New Zealand (%) 72.2 Dec 2023 quarterly Mar 1986 - Dec 2023
Nigeria (%) 59.1 2023 yearly 1990 - 2023
Norway (%) 65.3 2022 yearly 1989 - 2022
Oman (%) 68.3 2023 yearly 1990 - 2023
Pakistan (%) 32.3 2021 yearly 1990 - 2021
Palestinian Territory (%) 44.4 Sep 2023 quarterly Jun 2002 - Sep 2023
Panama (%) 60.4 2021 yearly 2003 - 2021
Paraguay (%) 71.1 Dec 2023 quarterly Mar 2017 - Dec 2023
Peru (%) 72.4 2022 yearly 2001 - 2022
Philippines (%) 61.1 Jan 2024 quarterly Jul 2003 - Jan 2024
Poland (%) 58.9 Dec 2023 quarterly Mar 2010 - Dec 2023
Portugal (%) 61.0 Dec 2023 quarterly Mar 2011 - Dec 2023
Qatar (%) 87.7 2022 yearly 2006 - 2022
Romania (%) 51.5 Sep 2023 quarterly Mar 1996 - Sep 2023
Russia (%) 68.3 Jan 2024 monthly Aug 2009 - Jan 2024
Saudi Arabia (%) 61.7 Mar 2023 quarterly Jun 2016 - Mar 2023
Serbia (%) 55.8 Jun 2023 quarterly Mar 2014 - Jun 2023
Slovakia (%) 62.5 Dec 2023 quarterly Mar 2021 - Dec 2023
Slovenia (%) 58.6 Dec 2023 quarterly Mar 2008 - Dec 2023
South Africa (%) 60.0 Dec 2023 quarterly Mar 2008 - Dec 2023
Spain (%) 59.0 Dec 2023 quarterly Sep 1976 - Dec 2023
Sri Lanka (%) 47.1 Dec 2023 quarterly Mar 2004 - Dec 2023
Sudan (%) 47.6 2023 yearly 1990 - 2023
Sweden (%) 74.5 Feb 2024 monthly Apr 2005 - Feb 2024
Switzerland (%) 68.0 Dec 2023 quarterly Mar 2010 - Dec 2023
Syria (%) 38.7 2023 yearly 1990 - 2023

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Nigeria Key Series

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Includes 202 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 (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Consolidated Fiscal Balance (USD mn) -3,071.175 Sep 2023 quarterly Mar 2005 - Sep 2023
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Forecast: Government Expenditure (NGN bn) 69,308.370 2028 yearly 1990 - 2028
Forecast: Government Net Debt (NGN bn) 205,772.040 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 42,354.640 2028 yearly 1990 - 2028
Federal Govt Expenditure: Capital (NGN bn) 1,043.310 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Balance (NGN bn) -2,347.160 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue (NGN bn) 4,791.390 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Recurrent (NGN bn) 2,791.110 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue: Oil (NGN bn) 814.230 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Revenue (NGN bn) 1,693.020 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure (NGN bn) 4,040.180 Sep 2023 quarterly Mar 2005 - Sep 2023
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Total Exports (USD mn) 4,751.7 Dec 2023 monthly Jan 2003 - Dec 2023
Total Exports Growth (%) 82.1 Dec 2023 monthly Jan 2004 - Dec 2023
Aluminum: Exports (USD th) 165,856.846 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 34.5 Sep 2023 monthly Jan 2004 - Sep 2023
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 332.105 Dec 2023 monthly Jan 2003 - Dec 2023
Total Imports from USA (USD mn) 176.789 Dec 2023 monthly Dec 2009 - Dec 2023
Total Exports to China (USD mn) 24.772 Sep 2023 monthly Jan 2007 - Sep 2023
Total Imports from China (USD mn) 715.679 Sep 2023 monthly Jan 2007 - Sep 2023
Imports (NGN mn) 2,429,185.197 Sep 2023 monthly Jan 2003 - Sep 2023
Exports: Crude Oil (NGN mn) 3,404,818.113 Dec 2023 monthly Jan 2003 - Dec 2023
Total Trade (NGN mn) 6,865,948.584 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow Netherlands (NGN mn) 523,568.988 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: America: ow USA (NGN mn) 299,453.208 Dec 2023 monthly Jan 2003 - Dec 2023
Exports (NGN mn) 4,284,566.609 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow UK (NGN mn) 93,037.938 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Mineral Products (NGN mn) 24,389,951.388 2022 yearly 2003 - 2022
Exports: Vegetable Products (NGN mn) 316,546.604 2022 yearly 2003 - 2022
Imports: Europe: ow Netherlands (NGN mn) 158,090.619 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Europe: ow Germany (NGN mn) 68,742.651 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Asia: ow China (NGN mn) 631,502.155 Dec 2023 monthly Jan 2007 - Dec 2023
Imports: America: ow USA (NGN mn) 159,407.643 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Europe: ow UK (NGN mn) 71,966.938 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Chemicals and Chemical Products (NGN mn) 385,751.608 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Manufactured Goods (NGN mn) 184,959.341 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 810,486.908 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Food and Live Animals (NGN mn) 364,417.505 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Machinery and Transport Equipment (NGN mn) 639,703.694 Sep 2023 monthly Jan 2003 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 274.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance (USD mn) 2,348.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance: % of GDP (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment (USD mn) 752.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment: % of GDP (%) 0.6 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment (USD mn) 337.399 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 0.3 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -2.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 339.714 Dec 2022 quarterly Mar 2008 - Dec 2022
External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
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) 0.890 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -80,930.532 2022 yearly 2005 - 2022
BoP: CA: Current Transfers (USD mn) 5,442.967 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Capital Account (USD mn) 0.000 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,000.946 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 94.452 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -182.419 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 1,437.945 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -1,699.632 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Assets (USD mn) -1,085.664 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods (USD mn) 2,798.047 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income (USD mn) -2,264.294 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods: Debit (USD mn) -11,787.111 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Current Transfers: Credit (USD mn) 5,452.430 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income: Debit (USD mn) -2,775.122 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services: Debit (USD mn) -4,428.113 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 848.311 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: Net Errors & Omission (USD mn) -3,201.073 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Current Transfers: Debit (USD mn) -505.024 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income: Credit (USD mn) 510.828 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods: Credit (USD mn) 14,585.159 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Liabilities (USD mn) 1,938.423 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services (USD mn) -3,132.845 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services: Credit (USD mn) 1,295.268 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account (USD mn) 852.759 Dec 2022 quarterly Mar 2008 - Dec 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Dec 2023 quarterly Mar 2011 - Dec 2023
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
Capital Inflow: Foreign Direct Investment (USD) 20,080,525.860 Nov 2022 monthly Jan 2007 - Nov 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) 19,608.589 Feb 2024 monthly Nov 1992 - Feb 2024
Money Supply M2 (USD mn) 60,857.230 Feb 2024 monthly Nov 1992 - Feb 2024
M2 Growth (%) 77.6 Feb 2024 monthly Nov 1993 - Feb 2024
Reserve Requirement Ratio (%) 45.0 Mar 2024 monthly Nov 2005 - Mar 2024
Foreign Exchange Reserves (USD mn) 32,360.0 Nov 2023 monthly Jan 1960 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 7.771 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 8.9 Nov 2023 monthly Jan 2003 - Nov 2023
Gold Reserves (USD mn) 1,273.284 Sep 2023 monthly Dec 1950 - Sep 2023
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) 74,341.2 Feb 2024 monthly Nov 1992 - Feb 2024
Domestic Credit Growth (%) 63.6 Feb 2024 monthly Nov 1993 - Feb 2024
Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023
Monetary Survey: Liabilities: Base Money (NGN mn) 21,230,656.700 Feb 2024 monthly Jan 1993 - Feb 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 30,277,249.260 Feb 2024 monthly Nov 1992 - Feb 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 63,691,242.700 Feb 2024 monthly Nov 1992 - Feb 2024
Monetary Survey: Liabilities: M2 (NGN mn) 93,968,491.960 Feb 2024 monthly Nov 1992 - Feb 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.210 Dec 2022 semiannually Dec 2003 - Dec 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.6 Nov 2023 monthly Jul 2015 - Nov 2023

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