Unemployment Rate for Nigeria

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 2.99 percent as of 12/31/2024, the lowest value at least since 12/31/1992, the period currently displayed.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.085 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.085.
The 3 year change in percentage points is -2.46.
The 5 year change in percentage points is -2.22.
The 10 year change in percentage points is -0.913.

The Serie's long term average value is 4.04 percent. It's latest available value, on 12/31/2024, is 1.05 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is +0.0.
The Serie's change in percentage points from it's maximum value, on 12/31/2020, to it's latest available value, on 12/31/2024, is -2.75.