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.