Labour Costs in Greece decreased to 93.20 Index Points in the first quarter of 2019 from 93.50 Index Points in the fourth quarter of 2018. Labour Costs in Greece averaged 80.93 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.

Labour Costs in Greece is expected to be 90.20 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 89.40 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 17.20 17.40 27.80 7.30 percent [+]
Employed Persons 3957.80 3884.30 4658.20 3438.10 Thousand [+]
Unemployed Persons 795.65 852.61 1384.90 335.60 Thousand [+]
Part Time Employment 351.90 352.90 385.20 158.68 Thousand [+]
Full Time Employment 3462.20 3480.80 4383.59 3153.50 Thousand [+]
Employment Rate 83.26 82.00 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.50 13.00 19.90 3.60 percent [+]
Youth Unemployment Rate 39.60 39.60 59.60 20.90 percent [+]
Labour Costs 93.20 93.50 107.40 48.50 Index Points [+]
Job Vacancies 8288.00 13584.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 522.00 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 51.80 51.70 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 88.90 93.10 108.10 70.90 Index Points [+]
Employment Change 0.60 0.20 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
93.20 93.50 107.40 48.50 1995 - 2019 Index Points Quarterly
NSA, 2010=100




Country Last Previous
Australia 103.80 Mar/19
Brazil 101.89 Jun/19
Canada 108.49 Mar/19
China 104.30 Jun/19
Euro Area 99.60 Mar/19
France 107.50 Mar/19
Germany 116.69 Mar/19
Italy 111.20 Mar/19
Mexico 94.90 Jun/19
Netherlands 105.20 Mar/19
Singapore 99.50 Jun/19
South Africa 156.20 Dec/18
South Korea 129.90 Mar/19
Spain 100.40 Mar/19
Turkey 188.85 Mar/19
United Kingdom 105.50 Mar/19
United States 111.89 Jun/19


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