Labor Force Participation Rate in Greece increased to 50.80 percent in the second quarter of 2020 from 50.60 percent in the first quarter of 2020.

Labor Force Participation Rate in Greece averaged 52.36 percent from 1998 until 2020, reaching an all time high of 53.70 percent in the third quarter of 2009 and a record low of 50.60 percent in the first quarter of 2020. This page provides - Greece Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Labor Force Participation Rate - values, historical data and charts - was last updated on October of 2020.

Labor Force Participation Rate in Greece is expected to be 49.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Greece to stand at 51.50 in 12 months time. In the long-term, the Greece Labor Force Participation Rate is projected to trend around 52.20 percent in 2021 and 52.60 percent in 2022, according to our econometric models.

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Greece Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
50.80 50.60 53.70 50.60 1998 - 2020 percent Quarterly
NSA

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.80 18.00 27.90 7.40 percent [+]
Employed Persons 3921.05 3815.24 4658.20 3438.10 Thousand [+]
Unemployed Persons 746.09 805.45 1384.90 335.60 Thousand [+]
Part Time Employment 355.20 365.90 385.20 158.68 Thousand [+]
Full Time Employment 3488.80 3486.70 4383.59 3153.50 Thousand [+]
Employment Rate 84.01 82.57 93.28 71.29 percent [+]
Long Term Unemployment Rate 11.00 11.40 19.90 3.60 percent [+]
Youth Unemployment Rate 37.80 39.30 59.80 20.20 percent [+]
Labour Costs 100.80 95.60 107.50 48.50 points [+]
Job Vacancies 5594.00 9617.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 522.00 EUR/Month [+]
Population 10.72 10.74 11.12 8.30 Million [+]
Retirement Age Women 67.00 67.00 67.00 57.00 [+]
Retirement Age Men 67.00 67.00 67.00 57.00 [+]
Labor Force Participation Rate 50.80 50.60 53.70 50.60 percent [+]
Productivity 114.80 108.10 114.80 79.30 points [+]
Employment Change -3.20 0.00 3.50 -3.20 percent [+]