The seasonally adjusted unemployment rate in Greece was unchanged at 16.7 percent in October of 2020, the same as an upwardly revised 16.7 percent in September. The number of unemployed persons increased by 39 thousand to 786 thousand and employed rose by 44.3 thousand to 3.925 million. The age group 15-24 (35 percent) remains the most affected by unemployment. Across the country's regions, the highest rates were recorded in Epirus-Western Macedonia (22.2 percent) and Aegean Islands (20.6 percent). source: National Statistical Service of Greece

Unemployment Rate in Greece averaged 16.29 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 January of 2021.

Unemployment Rate in Greece is expected to be 19.50 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 17.40 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 16.00 percent in 2022, according to our econometric models.

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Greece Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.70 16.70 27.90 7.40 1998 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 09:00 AM Jul 16.8% 18% 18.7%
2020-11-05 10:00 AM Aug 16.8% 17% 17.4%
2020-12-10 10:00 AM Sep 16.1% 16.5% 17%
2021-01-15 10:00 AM Oct 16.7% 16.7% 16.6%
2021-02-11 10:00 AM Nov 16.7% 16.9%
2021-03-17 10:00 AM Dec 17.4%
2021-04-15 09:00 AM Jan
2021-05-13 09:00 AM Feb


News Stream
Greece Jobless Rate Unchanged at 16.7%
The seasonally adjusted unemployment rate in Greece was unchanged at 16.7 percent in October of 2020, the same as an upwardly revised 16.7 percent in September. The number of unemployed persons increased by 39 thousand to 786 thousand and employed rose by 44.3 thousand to 3.925 million. The age group 15-24 (35 percent) remains the most affected by unemployment. Across the country's regions, the highest rates were recorded in Epirus-Western Macedonia (22.2 percent) and Aegean Islands (20.6 percent).
2021-01-15
Greek September Jobless Rate Falls to 5-Month Low
The seasonally adjusted unemployment rate in Greece decreased to 16.1 percent in September of 2020 from a downwardly revised 6.5 percent in the previous month, the lowest since April. The number of unemployed persons fell by 9,645 from August, or 1.3 percent to 747 thousand while employed rose by 47,423, or 1.2 percent to 3.881 million. The age group 15-24 (33 percent) remains the most affected by unemployment. Across the country's regions, the highest rates were recorded in Epirus-Western Macedonia (19.3 percent), Crete (19 percent) and Macedonia-Thrace (17.5 percent).
2020-12-10
Greek Jobless Rate Falls to 4-Month Low
The seasonally adjusted unemployment rate in Greece decreased to 16.8 percent in August of 2020 from an upwardly revised 17 percent in the previous month, the lowest since April. The number of unemployed people fell by 13,914 from July, or 1.8 percent to 771.3 thousand and employment went down by 18,159, or 0.5 percent to 3.821 million. Across the country's regions, the highest rates were recorded in Crete (20.1 percent), Peloponnese, Western Greece & Ionian Islands (19.2 percent), Epirus-Western Macedonia (19.1 percent) and Macedonia-Thrace (18.7 percent).
2020-11-05
Greek Jobless Rate Drops from 15-Month High
Greece's unemployment rate decreased to 16.8 percent in July of 2020 from a downwardly revised 18 percent in the previous month, which was he highest since March. Although in July the suspension of the operation of businesses that had been applied in the past months, in the context of the measures taken to protect public health and tackle the COVID-19 pandemic, were lifted, specific regulatory measures were implemented regarding the operation of businesses, which affected the functioning of the market. The number of unemployed people fell by 69,395 from June, or 8.2 percent, to 773.6 thousand, while employment rose by 10,700, or 0.3 percent, to 3.844 million. By region, the highest rates were recorded in Crete (20.9 percent), Epirus-Western Macedonia (20.2 percent), Peloponnese, Western Greece & Ionian Islands (19.6 percent) and Aegean Islands (19.6 percent).
2020-10-08

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.