Labour Costs in Greece decreased to 89.70 points in the third quarter of 2020 from 100.80 points in the second quarter of 2020. source: EUROSTAT

Labour Costs in Greece averaged 81.53 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 January of 2021.

Labour Costs in Greece is expected to be 91.50 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 79.00 in 12 months time. In the long-term, the Greece Unit Labour Costs is projected to trend around 94.00 points in 2021 and 97.00 points in 2022, according to our econometric models.

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Greece Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
89.70 100.80 107.50 48.50 1995 - 2020 points Quarterly
NSA, 2010=100

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.10 16.50 27.90 7.40 percent [+]
Employed Persons 3949.69 3847.71 4658.20 3438.10 Thousand [+]
Unemployed Persons 715.32 733.25 1384.90 335.60 Thousand [+]
Part Time Employment 320.20 355.20 385.20 158.68 Thousand [+]
Full Time Employment 3606.60 3488.80 4383.59 3153.50 Thousand [+]
Employment Rate 84.67 83.99 93.28 71.29 percent [+]
Long Term Unemployment Rate 11.00 11.40 19.90 3.60 percent [+]
Youth Unemployment Rate 33.00 39.30 61.70 20.10 percent [+]
Labour Costs 89.70 100.80 107.50 48.50 points [+]
Job Vacancies 5594.00 9617.00 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 50.80 53.70 50.60 percent [+]
Productivity 91.80 114.80 114.80 79.30 points [+]
Employment Change -3.20 0.00 3.50 -3.20 percent [+]