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Nigeria Annual Unemployment Rate

Nigeria's annual unemployment rate fell to 2.99% in 2024, down from 3.07% in 2023, according to World Bank. This represents a decrease of 0.08% from the previous year. Nigeria has annual unemployment rate lower than the global median (2.99% vs median 5.23%). Compared with the median in Africa, Nigeria is lower (2.99% vs regional median 5.55%) and ranks 43rd out of 53 countries in Africa.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 2.99%
2023 3.07%
2022 3.82%
2021 5.45%
2020 5.74%
2019 5.21%
2018 5.07%
2017 4.83%
2016 4.5%
2015 4.14%
2014 3.9%
2013 3.71%
2012 3.76%
2011 3.77%
2010 3.75%
2009 3.77%
2008 3.8%
2007 3.8%
2006 3.76%
2005 3.73%
2004 3.6%
2003 3.65%
2002 3.68%
2001 3.91%
2000 3.96%
1999 4%
1998 3.94%
1997 3.98%
1996 4.06%
1995 4.16%
1994 4.08%
1993 4.04%
1992 3.81%
1991 3.85%
Nigeria Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Nigeria's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 80.71% 80.77% 2024
Unemployment Rate 4.3% 5.3% Jun'24