Long Term Unemployment Rate in Greece decreased to 11 percent in the second quarter of 2020 from 11.40 percent in the first quarter of 2020.

Long Term Unemployment Rate in Greece averaged 9.10 percent from 1992 until 2020, reaching an all time high of 19.90 percent in the first quarter of 2014 and a record low of 3.60 percent in the second quarter of 2008. This page provides the latest reported value for - Greece Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Long Term Unemployment Rate in Greece is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Greece to stand at 9.70 in 12 months time. In the long-term, the Greece Long Term Unemployment Rate is projected to trend around 8.90 percent in 2021 and 7.50 percent in 2022, according to our econometric models.

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Greece Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.40 19.90 3.60 1992 - 2020 percent Quarterly

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.80 18.00 27.90 7.40 percent [+]
Employed Persons 3921.05 3815.24 4658.20 3438.10 Thousand [+]
Unemployed Persons 746.09 805.45 1384.90 335.60 Thousand [+]
Part Time Employment 355.20 365.90 385.20 158.68 Thousand [+]
Full Time Employment 3488.80 3486.70 4383.59 3153.50 Thousand [+]
Employment Rate 84.01 82.57 93.28 71.29 percent [+]
Long Term Unemployment Rate 11.00 11.40 19.90 3.60 percent [+]
Youth Unemployment Rate 37.80 39.30 59.80 20.20 percent [+]
Labour Costs 100.80 95.60 107.50 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 50.80 50.60 53.70 50.60 percent [+]
Productivity 114.80 108.10 114.80 79.30 points [+]
Employment Change -3.20 0.00 3.50 -3.20 percent [+]


Greece Long Term Unemployment Rate
In Greece, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.