Labour Costs in Greece increased to 93.50 Index Points in the fourth quarter of 2018 from 78.30 Index Points in the third quarter of 2018. Labour Costs in Greece averaged 80.81 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 89.10 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 96.20 in 12 months time. In the long-term, the Greece Unit Labour Costs is projected to trend around 97.00 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 18.40 27.80 7.30 percent [+]
Employed Persons 3785.52 3830.99 4658.20 3438.10 Thousand [+]
Unemployed Persons 924.89 853.79 1384.90 335.60 Thousand [+]
Part Time Employment 352.90 337.20 385.20 158.68 Thousand [+]
Full Time Employment 3480.80 3557.00 4383.59 3153.50 Thousand [+]
Employment Rate 80.37 81.78 93.28 71.29 percent [+]
Long Term Unemployment Rate 13.10 13.70 19.90 3.60 percent [+]
Youth Unemployment Rate 39.70 39.50 60.30 20.00 percent [+]
Labour Costs 93.50 78.30 107.40 48.50 Index Points [+]
Job Vacancies 13584.00 14466.00 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 51.70 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 [+]
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 93.10 98.50 108.10 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
93.50 78.30 107.40 48.50 1995 - 2018 Index Points Quarterly
NSA, 2010=100




Country Last Previous
Australia 103.60 Dec/18
Brazil 120.65 Feb/19
Canada 107.34 Dec/18
China 104.30 Mar/19
Euro Area 116.60 Dec/18
France 108.50 Dec/18
Germany 115.62 Dec/18
Italy 108.70 Dec/18
Mexico 86.40 Jan/19
Netherlands 108.30 Dec/18
Singapore 117.00 Dec/18
South Africa 154.00 Sep/18
South Korea 109.40 Sep/18
Spain 106.00 Dec/18
Turkey 162.85 Dec/18
United Kingdom 105.60 Dec/18
United States 109.78 Dec/18


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