Labour Costs in Greece increased to 103.20 points in the fourth quarter of 2020 from 89.70 points in the third quarter of 2020. source: EUROSTAT

Labour Costs in Greece averaged 81.74 points from 1995 until 2020, reaching an all time high of 107.50 points in the fourth quarter of 2009 and a record low of 48.50 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 2021.

Labour Costs in Greece is expected to be 105.00 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 104.00 in 12 months time. In the long-term, the Greece Unit Labour Costs is projected to trend around 106.00 points in 2022 and 108.00 points in 2023, according to our econometric models.

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Greece Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
103.20 89.70 107.50 48.50 1995 - 2020 points Quarterly
NSA, 2010=100

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.80 16.20 27.90 7.40 percent [+]
Employed Persons 3817.26 3829.45 4658.20 3438.10 Thousand [+]
Unemployed Persons 746.01 758.92 1384.90 335.60 Thousand [+]
Part Time Employment 302.10 320.20 385.20 158.68 Thousand [+]
Full Time Employment 3576.30 3606.60 4383.59 3153.50 Thousand [+]
Employment Rate 83.65 83.46 93.28 71.29 percent [+]
Long Term Unemployment Rate 10.20 11.00 19.90 3.60 percent [+]
Youth Unemployment Rate 34.20 34.00 61.60 20.10 percent [+]
Labour Costs 103.20 89.70 107.50 48.50 points [+]
Job Vacancies 9685.00 5594.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 505.06 EUR/Month [+]
Population 10.72 10.72 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 51.00 51.60 53.70 50.60 percent [+]
Productivity 102.70 91.80 114.80 79.30 points [+]
Employment Change 1.20 -2.80 3.50 -3.80 percent [+]