Labour Costs in Greece decreased to 78.30 Index Points in the third quarter of 2018 from 90 Index Points in the second quarter of 2018. Labour Costs in Greece averaged 80.67 Index Points from 1995 until 2018, reaching an all time high of 107.40 Index Points in the fourth quarter of 2009 and a record low of 48.50 Index Points in the first quarter of 1995.

Labour Costs in Greece is expected to be 95.90 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Greece to stand at 81.63 in 12 months time. In the long-term, the Greece Unit Labour Costs is projected to trend around 96.60 Index Points in 2020, according to our econometric models.

Greece Unit Labour Costs
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Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.50 18.70 27.90 7.30 percent [+]
Employed Persons 3793.58 3883.07 4658.20 3438.10 Thousand [+]
Unemployed Persons 914.32 862.44 1384.90 335.60 Thousand [+]
Part Time Employment 337.20 362.50 385.20 158.68 Thousand [+]
Full Time Employment 3557.00 3497.90 4383.59 3153.50 Thousand [+]
Employment Rate 80.58 81.83 93.28 71.29 percent [+]
Long Term Unemployment Rate 13.10 13.70 19.90 3.60 percent [+]
Youth Unemployment Rate 39.10 38.50 60.30 20.00 percent [+]
Labour Costs 78.30 90.00 107.40 48.50 Index Points [+]
Job Vacancies 14466.00 14351.00 51613.00 2825.00 [+]
Minimum Wages 758.33 683.76 876.62 522.00 EUR/Month [+]
Population 10.74 10.77 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 52.20 52.10 53.70 51.00 percent [+]
Living Wage Family 1070.00 1080.00 1080.00 1030.00 EUR/Month [+]
Living Wage Individual 595.00 600.00 600.00 555.00 EUR/Month [+]
Wages High Skilled 1510.00 1590.00 1710.00 1510.00 EUR/Month [+]
Wages Low Skilled 717.00 868.00 913.00 717.00 EUR/Month [+]
Productivity 98.50 93.20 108.10 70.90 Index Points [+]
Employment Change 0.00 1.00 3.60 -2.80 percent [+]


Greece Unit Labour Costs

This page provides - Greece Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Unit Labour Costs - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
78.30 90.00 107.40 48.50 1995 - 2018 Index Points Quarterly
NSA, 2010=100




Country Last Previous
Australia 102.20 Sep/18
Brazil 93.07 Dec/18
Canada 105.63 Sep/18
China 104.80 Dec/18
Euro Area 106.40 Sep/18
France 108.20 Sep/18
Germany 115.29 Sep/18
Italy 107.00 Jun/18
Mexico 79.30 Nov/18
Netherlands 101.50 Sep/18
Singapore 117.00 Dec/18
South Africa 150.90 Jun/18
South Korea 109.40 Sep/18
Spain 98.40 Sep/18
Turkey 166.66 Sep/18
United Kingdom 104.80 Sep/18
United States 109.05 Sep/18


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