The seasonally adjusted unemployment rate in Greece dropped to 14.4 percent in March of 2020 from a downwardly revised 15.9 percent in the previous month. It was the lowest jobless rate since November of 2010, as the number of unemployed fell to 653.7 thousand from 771.6 thousand in February and the number of employed increased to 3.81 million from 3.77 million. The unemployment rate was higher among those aged 15-24 (32.4 percent) and lower for those aged 65-74 (7.4 percent).
Unemployment Rate in Greece averaged 16.27 percent from 1998 until 2020, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.40 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. Greece Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Unemployment Rate in Greece is expected to be 18.20 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 19.50 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 17.40 percent in 2021 and 16.00 percent in 2022, according to our econometric models.