The seasonally adjusted unemployment rate in Greece decreased to 17.0 percent in June 2019 from a downwardly revised 17.1 percent in the prior month and compared with 19.2 percent in June of 2018. It was the lowest jobless rate since May of 2011. Unemployment Rate in Greece averaged 16.27 percent from 1998 until 2019, reaching an all time high of 27.80 percent in July of 2013 and a record low of 7.30 percent in May of 2008.

Unemployment Rate in Greece is expected to be 16.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Greece to stand at 15.50 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 13.60 percent in 2020, according to our econometric models.

Greece Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-06 09:00 AM Unemployment Rate Mar 18.1% 18.4% 18%
2019-07-11 09:00 AM Unemployment Rate Apr 17.6% 18.2% 17.5%
2019-08-08 09:00 AM Unemployment Rate May 17.2% 17.4% 17.2%
2019-09-05 09:00 AM Unemployment Rate Jun 17% 17.1% 17.1%
2019-10-10 09:00 AM Unemployment Rate Jul 17% 16.9%
2019-11-07 10:00 AM Unemployment Rate Aug 16.7%
2019-12-05 10:00 AM Unemployment Rate Sep 16.5%



Greek Jobless Rate Falls Further to 17% in June

The seasonally adjusted unemployment rate in Greece decreased to 17.0 percent in June 2019 from a downwardly revised 17.1 percent in the prior month and compared with 19.2 percent in June of 2018. It was the lowest jobless rate since May of 2011.

Compared with the previous month, the number of unemployed went down by 6.0 thousand, or 0.7 percent, to 805 thousand while the number of employed persons rose by 5.8 thousand, or 0.1 percent, to 3.928 million.

A year ago, the jobless rate was recorded at 19.2 percent. The number of unemployed persons decreased by 110.1 thousand, or 12 percent whereas employment increased by 80.1 thousand, or 2.1 percent.

Unemployment fell for all age groups but continued to hit more young people aged 15-24 years (35.5 percent vs 38.5 percent) and the 25-34 age group (23.4 percent vs 23.6 percent). Lower rates were mainly observed in the 35-44 age group (14.9 percent vs 17.5 percent); the 45-54 age group (13.9 percent vs 16.1 percent); the 55-64 age group (12.9 percent vs 15.4 percent) and the 65-74 age group (9.0 percent vs 12.5 percent). 

The jobless rate declined for both genders, but was considerably lower for men (13.9 percent vs 15.3 percent in June 2018) than for women (20.9 percent vs 24.1 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (10.1 percent), Aegean Islands (13.9 percent) and Attica (16.8 percent). In contrast, Epirus-Western Macedonia posted the highest rate (19.3 percent).


ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/5/2019 9:55:13 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.00 17.10 27.80 7.30 percent [+]
Employed Persons 3989.27 3957.80 4658.20 3438.10 Thousand [+]
Unemployed Persons 742.98 795.65 1384.90 335.60 Thousand [+]
Part Time Employment 362.00 351.90 385.20 158.68 Thousand [+]
Full Time Employment 3594.50 3462.20 4383.59 3153.50 Thousand [+]
Employment Rate 84.30 83.26 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.50 13.00 19.90 3.60 percent [+]
Youth Unemployment Rate 33.00 33.00 59.60 20.90 percent [+]
Labour Costs 91.90 93.20 107.40 48.50 Index Points [+]
Job Vacancies 12570.00 8288.00 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 52.30 51.80 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 91.70 88.90 108.10 70.90 Index Points [+]
Employment Change 0.70 0.70 3.60 -2.80 percent [+]


Greece Unemployment Rate

In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Greece Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17.00 17.10 27.80 7.30 1998 - 2019 percent Monthly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 12.80 May/19
Brazil 11.80 Jul/19
Argentina 10.10 Mar/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.20 Jul/19
Indonesia 5.01 Mar/19
Russia 4.50 Jul/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.40 Jul/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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