Labor market, S1 - Firing costs in Nigeria

Nigeria: Labor market, S1 - Firing costs was 0.9194 in 2014. β–¬ Flat

Latest (2014)
0.9194
Change on year
unchanged
World rank
6th
of 90 countries
All-time high
0.9194
in 1973
All-time low
0.9194
in 1973
Years of data
42
1973–2014

Labor market, S1 - Firing costs in Nigeria, 1973–2014

00.20.40.60.811973199320141973: 0.9191974: 0.9191975: 0.9191976: 0.9191977: 0.9191978: 0.9191979: 0.9191980: 0.9191981: 0.9191982: 0.9191983: 0.9191984: 0.9191985: 0.9191986: 0.9191987: 0.9191988: 0.9191989: 0.9191990: 0.9191991: 0.9191992: 0.9191993: 0.9191994: 0.9191995: 0.9191996: 0.9191997: 0.9191998: 0.9191999: 0.9192000: 0.9192001: 0.9192002: 0.9192003: 0.9192004: 0.9192005: 0.9192006: 0.9192007: 0.9192008: 0.9192009: 0.9192010: 0.9192011: 0.9192012: 0.9192013: 0.9192014: 0.919

Source: International Monetary Fund.

Analysis

In 2014, labor market, s1 - firing costs in Nigeria stood at 0.9194. That is the highest value across all 42 years on record.

The figure is unchanged over ten years.

Over the whole period, labor market, s1 - firing costs in Nigeria peaked at 0.9194 in 1973 and was at its lowest, 0.9194, in 1973.

That places Nigeria 6th out of 90 countries with data for 2014, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.9194 0.9194 0.9194 7
1980s 0.9194 0.9194 0.9194 10
1990s 0.9194 0.9194 0.9194 10
2000s 0.9194 0.9194 0.9194 10
2010s 0.9194 0.9194 0.9194 5

Countries ranked near Nigeria

  1. 4 Canada 0.939 compare
  2. 5 Singapore 0.9219 compare
  3. 7 Pakistan 0.8971 compare
  4. 8 Costa Rica 0.8942 compare
  5. 9 Netherlands 0.8912 compare

See the full ranking of 90 places β†’

More work & labour data for Nigeria

All data for Nigeria β†’

Frequently asked questions

What is labor market, s1 - firing costs in Nigeria?
Labor market, s1 - firing costs in Nigeria was 0.9194 in 2014, according to International Monetary Fund.
What is the highest labor market, s1 - firing costs recorded in Nigeria?
The highest recorded value was 0.9194 in 1973.
What is the lowest labor market, s1 - firing costs recorded in Nigeria?
The lowest recorded value was 0.9194 in 1973.
How does Nigeria rank for labor market, s1 - firing costs?
Nigeria ranks 6th out of 90 countries with data for 2014.
Is labor market, s1 - firing costs rising or falling in Nigeria?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Nigeria data come from?
The figures come from International Monetary Fund, published as part of Labor market, S1 - Firing costs. Statizoid updates them automatically from the source API.

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Labor market, S1 - Firing costs in Nigeria. Statizoid, drawing on International Monetary Fund. Retrieved 20 August 2026, from https://labour.statizoid.com/stat/labor-market-s1-firing-costs/nigeria/

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About this data

Indicator
Labor market, S1 - Firing costs
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
90 places, 3,515 data points, 1973–2014
Last refreshed

The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.