Account, out of labor force in Nigeria

Nigeria: Account, out of labor force was 42.7% in 2024. β–² Rising

Latest (2024)
42.7%
Change on year
up 44.3%
World rank
75th
of 98 countries
All-time high
42.7%
in 2024
All-time low
20.6%
in 2011
Years of data
5
2011–2024

Account, out of labor force in Nigeria, 2011–2024

0102030402011201720242011: 20.6 % age 15+2014: 33.5 % age 15+2017: 33.7 % age 15+2021: 29.6 % age 15+2024: 42.7 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

Nigeria recorded 42.7% for account, out of labor force in 2024. That is the highest value across all 5 years on record.

That represents a change of up 44.3% on the previous year and up 27.5% over ten years.

Over the whole period, account, out of labor force in Nigeria peaked at 42.7% in 2024 and was at its lowest, 20.6%, in 2011.

That places Nigeria 75th out of 98 countries with data for 2024, putting it in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 29.3% 20.6% 33.7% 3
2020s 36.2% 29.6% 42.7% 2

Countries ranked near Nigeria

  1. 72 Philippines 44.3% compare
  2. 73 Bolivia 43.7% compare
  3. 74 Mexico 42.8% compare
  4. 76 Cameroon 42.5% compare
  5. 77 Peru 41.3% compare
  6. 78 Vietnam 41.3% compare

See the full ranking of 110 places β†’

More reference data data for Nigeria

All data for Nigeria β†’

Frequently asked questions

What is account, out of labor force in Nigeria?
Account, out of labor force in Nigeria was 42.7% in 2024, according to Global Findex database.
What is the highest account, out of labor force recorded in Nigeria?
The highest recorded value was 42.7% in 2024.
What is the lowest account, out of labor force recorded in Nigeria?
The lowest recorded value was 20.6% in 2011.
How does Nigeria rank for account, out of labor force?
Nigeria ranks 75th out of 98 countries with data for 2024.
Is account, out of labor force rising or falling in Nigeria?
Over the last ten years it is up 27.5%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from Global Findex database, published as part of Account, out of labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, out of labor force in Nigeria. Statizoid, drawing on Global Findex database. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/account-out-of-labor-force-percent-age-15/nigeria/

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About this data

Indicator
Account, out of labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), out of labor force (% age 15+)