Unemployment Rate rose 5.63% to 9.01% in Nigeria in 2020, according to .
Historically, Unemployment Rate in Nigeria reached an all time high of 9.01% in 2020 and an all time low of 3.59% in 2008. When compared to Nigeria's main peers, Unemployment Rate in Benin amounted to 2.54%, 3.62% in Cameroon, 2.26% in Chad and 0.690% in Niger in 2020.
Nigeria has been ranked 54th within the group of 175 countries we follow in terms of Unemployment Rate, 81 places above the position seen 10 years ago.
Unemployment Rate | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Algeria | % | 12.0% | 11.9% | 11.8% | 12.8% | 14.7% | ||||||||||||||||
Benin | % | 2.44% | 2.37% | 2.32% | 2.54% | ... | ... | ... | ||||||||||||||
Burkina Faso | % | 5.13% | 4.70% | 4.62% | 4.96% | ... | ... | ... | ||||||||||||||
Cameroon | % | 3.41% | 3.36% | 3.32% | 3.62% | ... | ... | ... | ||||||||||||||
Central African Republic | % | 4.17% | 4.09% | 4.04% | 4.33% | ... | ... | ... | ||||||||||||||
Chad | % | 1.89% | 1.89% | 1.91% | 2.26% | ... | ... | ... | ||||||||||||||
Gabon | % | 19.9% | 19.8% | 19.6% | 20.5% | ... | ... | ... | ||||||||||||||
Libya | % | 18.6% | 18.5% | 18.3% | 19.4% | ... | ... | ... | ||||||||||||||
Mali | % | 7.41% | 7.31% | 7.24% | 7.50% | ... | ... | ... | ||||||||||||||
Niger | % | 0.490% | 0.470% | 0.460% | 0.690% | ... | ... | ... | ||||||||||||||
Nigeria | % | 8.39% | 8.45% | 8.53% | 9.01% | ... | ... | ... | ||||||||||||||
Sudan | % | 17.0% | 16.9% | 16.8% | 17.7% | 20.2% | ||||||||||||||||
Togo | % | 3.74% | 3.66% | 3.60% | 4.05% | ... | ... | ... |