The seasonally adjusted unemployment rate in Greece decreased to 16.5 percent in November 2019 from 16.6 percent in the previous month and compared to 18.6 percent in November 2018. It was the lowest jobless rate since April 2011, as the number of unemployed fell by 8.70 thousand from the prior month to 772.6 thousand while employed dropped by 6.99 thousand to 3.91 million. Considering the same month in 2018, young people in the 15-24 age group continued to be the most affected among the unemployed (36.1 percent vs 39.7 percent), despite the rate declined in all age groups. Across the country's regions, the lowest unemployment rates were reported in (12.7 percent), Attica (15.3 percent) and Peloponnese, Western Greece & Ionian Islands (16.6 percent). In contrast, Epirus-Western Macedonia (19.7 percent) and Macedonia-Thrace (18.7 percent) registered the highest rates.

Unemployment Rate in Greece averaged 16.28 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. 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.

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 14.00 percent in 2021, according to our econometric models.


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Greece Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.50 16.60 27.80 7.30 1998 - 2019 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 10:00 AM Aug 16.7% 16.9% 16.7%
2019-12-20 10:00 AM Sep 16.8% 16.9% 16.5%
2020-01-09 10:00 AM Oct 16.6% 16.8% 16.5%
2020-02-06 10:00 AM Nov 16.5% 16.6% 16.4%
2020-03-05 10:00 AM Dec 16.5% 16.2%
2020-04-09 09:00 AM Jan 16.3%
2020-05-07 09:00 AM Feb 16.4%
2020-06-04 09:00 AM Mar 16.5%


News Stream
Greece Jobless Rate Falls to 8-1/2-Year Low of 16.5%
The seasonally adjusted unemployment rate in Greece decreased to 16.5 percent in November 2019 from 16.6 percent in the previous month and compared to 18.6 percent in November 2018. It was the lowest jobless rate since April 2011, as the number of unemployed fell by 8.70 thousand from the prior month to 772.6 thousand while employed dropped by 6.99 thousand to 3.91 million. Considering the same month in 2018, young people in the 15-24 age group continued to be the most affected among the unemployed (36.1 percent vs 39.7 percent), despite the rate declined in all age groups. Across the country's regions, the lowest unemployment rates were reported in (12.7 percent), Attica (15.3 percent) and Peloponnese, Western Greece & Ionian Islands (16.6 percent). In contrast, Epirus-Western Macedonia (19.7 percent) and Macedonia-Thrace (18.7 percent) registered the highest rates.
2020-02-06
Greek Jobless Rate Drops Further to 16.6% in October
The seasonally adjusted unemployment rate in Greece fell marginally to 16.6 percent in October of 2019 from 16.8 percent in the previous month and compared with 18.5 percent in October of 2018. This is the lowest jobless rate since April 2011, as the number of unemployed decreased by 12.3 thousand to 781 thousand while employed fell by 0.71 thousand to 3.93 million. Considering the same month in 2018, young people in the 15-24 age group continued to be the most affected among the unemployed (35.6 percent vs 39.4 percent), despite the rate declined in all age groups. Across the country's regions, the lowest unemployment rates were reported in Crete (11.9 percent), Aegean Islands (14.4 percent) and Attica (15.6 percent). In contrast, Epirus-Western Macedonia (19 percent) and Macedonia-Thrace (18.5 percent) registered the highest rates.
2020-01-09
Greek Jobless Rate Lowest Since 2011
The seasonally adjusted unemployment rate in Greece dropped to 16.8 percent in September of 2019 from 16.9 percent in the previous month and compared with 18.8 percent in September of 2018. This is the lowest jobless rate since April of 2011.
2019-12-20
Greek Jobless Rate Nears 8-1/2-Year Low of 16.7%
The seasonally adjusted unemployment rate in Greece dropped to 16.7 percent in August of 2019 from 16.9 percent in the previous month and compared with 18.9 percent in August of 2018. This is the lowest jobless rate since April of 2011.
2019-11-07

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.