Unemployment rates: modeled vs. national estimates in Nigeria

Nigeria: Unemployment rates: modeled vs. national estimates was 3.5% in 2024. ▲ Rising

Latest (2024)
3.5%
Change on year
up 12.4%
World rank
134th
of 185 countries
All-time high
8.4%
in 2017
All-time low
2.1%
in 1983
Years of data
12
1983–2024

Unemployment rates: modeled vs. national estimates in Nigeria, 1983–2024

24681983200320241983: 2.1 %1986: 3.9 %2011: 3.8 %2013: 3.7 %2014: 4.6 %2015: 4.3 %2016: 7.1 %2017: 8.4 %2019: 4.4 %2022: 3.8 %2023: 3.1 %2024: 3.5 %

Source: Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

Nigeria recorded 3.5% for unemployment rates: modeled vs. national estimates in 2024.

The figure is up 12.4% on the previous year and down 24.3% over ten years.

Over the whole period, unemployment rates: modeled vs. national estimates in Nigeria peaked at 8.4% in 2017 and was at its lowest, 2.1%, in 1983.

That places Nigeria 134th out of 185 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 12 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 3.0% 2.1% 3.9% 2
2010s 5.2% 3.7% 8.4% 7
2020s 3.5% 3.1% 3.8% 3

Countries ranked near Nigeria

  1. 131 Bangladesh 3.6% compare
  2. 132 Bulgaria 3.5% compare
  3. 133 Kyrgyzstan 3.5% compare
  4. 135 Uganda 3.4% compare
  5. 136 Bhutan 3.4% compare
  6. 137 Indonesia 3.3% compare

See the full ranking of 185 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is unemployment rates: modeled vs. national estimates in Nigeria?
Unemployment rates: modeled vs. national estimates in Nigeria was 3.5% in 2024, according to Labour Force Statistics, via World Bank (2026) – processed by Our World in Data.
What is the highest unemployment rates: modeled vs. national estimates recorded in Nigeria?
The highest recorded value was 8.4% in 2017.
What is the lowest unemployment rates: modeled vs. national estimates recorded in Nigeria?
The lowest recorded value was 2.1% in 1983.
How does Nigeria rank for unemployment rates: modeled vs. national estimates?
Nigeria ranks 134th out of 185 countries with data for 2024.
Is unemployment rates: modeled vs. national estimates rising or falling in Nigeria?
Over the last ten years it is down 24.3%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from Labour Force Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rates: modeled vs. national estimates. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Unemployment rates: modeled vs. national estimates
Unit
%
Source
Labour Force Statistics, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
185 places, 5,169 data points, 1960–2025
Last refreshed

Share of the labor force without work, but actively looking for a job and available to start soon. Figures refer to national estimates and may not be fully comparable across countries.