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Nigeria - Unemployment Rate 3.06

World Bank WDI · updated 2026-10-15 · 187 economies tracked

Latest value

3.06 (2025)

Global rank

##44 of 187 economies

vs global median

0.6×

Growth since 1991

0.8×

Ranking Race โ€” Unemployment Rate

1 = global #1 ยท lower value ranks higher

#1#16#31#46#61#76#9119911996200120062011201620212025#70#442023 overtook Oman2024 overtook Jamaica
NigeriaQatarCambodiaNigerThailand

Real annual global ranks, 1991 - 2025. Nigeria climbed from #70 to #44 (overtook Oman). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events โ€” Nigeria

Auto-detected from rank data + curated milestones

2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2022
Climbed 22 places in global rank auto
2023
Overtook Oman in global rank auto
2023
Climbed 18 places in global rank auto
2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

2024
Overtook Jamaica in global rank auto

Unemployment Rate, 1991-2025

World Bank WDI · % of total labor force · linear scale · ranking in the race above
199120012011202120253.043.934.825.71

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