Unemployment Rate rose to 6.03% in Nigeria in 2018

Unemployment Rate (%)
Labour | Nigeria | May 18, 2019
$2.99
Excel Sheet

Unemployment Rate reached 6.03 % in 2018 in Nigeria. This is 0.216 % more than in the previous year.

Historically, Unemployment Rate in Nigeria reached an all time high of 6.24 % in 2016 and an all time low of 3.42 % in 2008. When compared to Nigeria's main peers, Unemployment Rate in Benin amounted to 2.13 %, 3.36 % in Cameroon, 2.23 % in Chad and 0.273 % in Niger in 2018.

Nigeria has been ranked 78th within the group of 177 countries we follow in terms of Unemployment Rate, 54 places above the position seen 10 years ago.

Unemployment refers to the share of the labour force that is without work but available for and seeking employment.

Unemployment Rate Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Algeria % 12.0% 12.1% 12.3% 13.3% 14.7%
Benin % 2.18% 2.13% ... ... ... ... ...
Burkina Faso % 6.01% 6.06% ... ... ... ... ...
Cameroon % 3.36% 3.36% ... ... ... ... ...
Central African Republic % 6.45% 6.48% ... ... ... ... ...
Chad % 2.20% 2.23% ... ... ... ... ...
Gabon % 19.4% 19.5% ... ... ... ... ...
Libya % 17.1% 17.3% ... ... ... ... ...
Mali % 9.44% 9.57% ... ... ... ... ...
Niger % 0.285% 0.273% ... ... ... ... ...
Nigeria % 6.01% 6.03% ... ... ... ... ...
Sudan % 12.8% 12.9% 19.6% 19.8% 20.2%
Togo % 1.66% 1.67% ... ... ... ... ...