Labour Costs in Greece decreased to 77.70 Index Points in the third quarter of 2019 from 91.90 Index Points in the second quarter of 2019.

Labour Costs in Greece averaged 81.01 Index Points from 1995 until 2019, 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. This page provides - Greece Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Unit Labour Costs - values, historical data and charts - was last updated on April of 2020.

Labour Costs in Greece is expected to be 89.40 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 96.60 in 12 months time. In the long-term, the Greece Unit Labour Costs is projected to trend around 97.00 points in 2021, according to our econometric models.

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Greece Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
77.70 91.90 107.40 48.50 1995 - 2019 points Quarterly
NSA, 2010=100
Labour Costs by Country

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.30 16.50 27.80 7.30 percent [+]
Employed Persons 3864.18 3859.19 4658.20 3438.10 Thousand [+]
Unemployed Persons 774.80 796.93 1384.90 335.60 Thousand [+]
Part Time Employment 368.70 359.90 385.20 158.68 Thousand [+]
Full Time Employment 3533.00 3612.00 4383.59 3153.50 Thousand [+]
Employment Rate 83.30 82.88 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.10 12.00 19.90 3.60 percent [+]
Youth Unemployment Rate 34.70 36.10 60.20 20.00 percent [+]
Labour Costs 77.70 91.90 107.40 48.50 points [+]
Job Vacancies 12897.00 14343.00 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 51.60 52.20 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 [+]
Productivity 100.10 91.70 108.10 70.90 points [+]
Employment Change 0.20 -0.10 3.50 -2.80 percent [+]
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 [+]