Greece Unemployment Rate

The seasonally adjusted unemployment rate in Greece edged down to 18.5 percent in February 2019 from an upwardly revised 18.6 percent in the prior month. Compared with the previous month, the number of unemployed fell by 0.6 percent to 872 thousand and the number of employed persons remained unchanged at 3.83 million. Unemployment Rate in Greece averaged 16.24 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 17.10 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 15.70 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.

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Calendar	GMT		Actual	Previous	TEForecast
2019-02-07	10:00 AM	Unemployment Rate	18.5%	18.7%	18.4%
2019-03-07	10:00 AM	Unemployment Rate	18%	18.3%	18.2%
2019-04-11	09:00 AM	Unemployment Rate	18.5%	18.4%	18%
2019-05-09	09:00 AM	Unemployment Rate	18.5%	18.6%	17.7%
2019-06-06	09:00 AM	Unemployment Rate		18.5%	18%
2019-07-11	09:00 AM	Unemployment Rate			17.5%
2019-08-08	09:00 AM	Unemployment Rate			17.2%

Greek Jobless Rate Drops to 18.5% in February

The seasonally adjusted unemployment rate in Greece edged down to 18.5 percent in February 2019 from an upwardly revised 18.6 percent in the prior month.

Compared with the previous month, the number of unemployed fell by 0.6 percent to 872 thousand and the number of employed persons was unchanged at 3.83 million.

A year ago, the jobless rate was recorded at 20.6 percent. The number of unemployed persons decreased by 10.3 percent while employment rose by 2.4 percent.

Unemployment declined for almost all age groups but young people aged 15-24 years (38.8 percent from 46.0 percent) and the 25-34 age group (25.4 percent from 25.3 percent) still struggle to find work. Lower rates were mostly observed in the 35-44 age group (16.2 percent from 18.8 percent); the 45-54 age group (14.7 percent from 16.5 percent); the 55-64 age group (14.3 percent from 17.0 percent) and the 65-74 age group (11.4 percent from 11.5 percent).

By genders, the jobless rate was lower for men (14.8 percent from 16.4 percent) than for women (23.3 percent from 26.0 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (16.8 percent), Attica (18.1 percent) and Aegean Islands (18.2 percent). In contrast, Epirus-Western Macedonia registered the highest rate (21.6 percent).

ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/9/2019 9:34:26 AM

News

Greek Jobless Rate Rises to 18.5% in January
The seasonally adjusted unemployment rate edged up to 18.5 percent in January of 2019 from an upwardly revised 18.4 percent in the previous month.
Published on 2019-04-11

Greek Jobless Rate Falls Further to 18% in December
The Greek seasonally adjusted unemployment rate edged down to 18 percent in December 2018 from a downwardly revised 18.3 percent in the previous month. It remains at the lowest level since July 2011.
Published on 2019-03-07

Greek Jobless Rate Edges Down to 18.5% in November
The Greek seasonally adjusted unemployment rate dropped to 18.5 percent in November 2018 from an upwardly revised 18.7 percent in the prior month. It is the lowest jobless rate since July 2011.
Published on 2019-02-07

Greek Jobless Rate Steady at 18.6%
The Greek seasonally adjusted unemployment rate was at 18.6 percent in October of 2018, unchanged from the previous month. It remained the lowest jobless rate since July of 2011.
Published on 2019-01-10

Greece Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	18.50	18.60	27.80	7.30	percent	[+]
Employed Persons	3758.93	3785.52	4658.20	3438.10	Thousand	[+]
Unemployed Persons	928.04	924.89	1384.90	335.60	Thousand	[+]
Part Time Employment	352.90	337.20	385.20	158.68	Thousand	[+]
Full Time Employment	3480.80	3557.00	4383.59	3153.50	Thousand	[+]
Employment Rate	80.20	80.37	93.28	71.29	percent	[+]
Long Term Unemployment Rate	13.10	13.70	19.90	3.60	percent	[+]
Youth Unemployment Rate	38.80	39.30	60.20	20.00	percent	[+]
Labour Costs	93.50	78.30	107.40	48.50	Index Points	[+]
Job Vacancies	13584.00	14466.00	51613.00	2825.00		[+]
Minimum Wages	758.33	683.76	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	51.70	52.20	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	93.10	98.50	108.10	70.90	Index Points	[+]
Employment Change	0.00	1.00	3.60	-2.80	percent	[+]

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 May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	18.50	18.60	27.80	7.30	1998 - 2019	percent	Monthly	SA

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Country	Last		Previous	Range
South Africa	27.60	Mar/19	27.1	31.2 : 21.5	%
Spain	14.70	Mar/19	14.45	26.94 : 4.41	%
Turkey	14.70	Feb/19	14.7	14.8 : 7.3	%
Brazil	12.70	Mar/19	12.4	13.7 : 6.2	%
Italy	10.20	Mar/19	10.5	13.1 : 5.8	%
Argentina	9.10	Dec/18	9	20.8 : 5.9	%
France	8.70	Mar/19	8.8	10.7 : 7.2	%
Euro Area	7.70	Mar/19	7.8	12.1 : 7.3	%
Saudi Arabia	6.00	Dec/18	6	6.3 : 4.35	%
Canada	5.70	Apr/19	5.8	13.1 : 2.9	%
Australia	5.20	Apr/19	5.1	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.70	Apr/19	4.7	14.1 : 4.5	%
South Korea	4.10	Apr/19	3.8	7.1 : 3	%
United Kingdom	3.80	Mar/19	3.9	12 : 3.4	%
China	3.67	Mar/19	3.8	4.3 : 3.67	%
United States	3.60	Apr/19	3.8	10.8 : 2.5	%
India	3.53	Dec/18	3.52	8.3 : 3.41	%
Netherlands	3.30	Apr/19	3.3	7.9 : 3.3	%
Germany	3.20	Mar/19	3.2	11.5 : 0.4	%
Mexico	3.20	Mar/19	3.3	6.42 : 2.22	%
Japan	2.50	Mar/19	2.3	5.5 : 1	%
Switzerland	2.40	Apr/19	2.5	5.7 : 1.5	%
Singapore	2.20	Mar/19	2.2	6 : 1.4	%