The seasonally adjusted unemployment rate in Greece fell to 17.6 percent in April of 2019 from an upwardly revised 18.2 percent in the previous month and compared with 19.8 percent in April of 2018. It was the lowest jobless rate since June of 2011, as the number of unemployed persons dropped by 3.1 percent from the prior month while the number of employed went up by 0.7 percent. Unemployment Rate in Greece averaged 16.26 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 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 13.60 percent in 2020, according to our econometric models.

Greece Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-11 09:00 AM Unemployment Rate Jan 18.5% 18.4% 18%
2019-05-09 09:00 AM Unemployment Rate Feb 18.5% 18.6% 17.7%
2019-06-06 09:00 AM Unemployment Rate Mar 18.1% 18.4% 18%
2019-07-11 09:00 AM Unemployment Rate Apr 17.6% 18.2% 17.5%
2019-08-08 09:00 AM Unemployment Rate May 17.6% 17.2%
2019-09-05 09:00 AM Unemployment Rate Jun 17.1%
2019-10-10 09:00 AM Unemployment Rate Jul 16.9%



Greek Jobless Rate Falls to Near 8-Year Low of 17.6%

The seasonally adjusted unemployment rate in Greece fell to 17.6 percent in April of 2019 from an upwardly revised 18.2 percent in the previous month and compared with 19.8 percent in April of 2018. It was the lowest jobless rate since June of 2011, as the number of unemployed persons dropped by 3.1 percent from the prior month while the number of employed went up by 0.7 percent.

Compared with the previous month, the number of unemployed dropped by 26.9 thousand, or 3.1 percent, to 833.86 thousand while the number of employed persons rose by 26.9 thousand, or 0.7 percent, to 3.892 million. 

A year ago, the jobless rate was recorded at 19.8 percent. The number of unemployed persons declined by 107.3 thousand, or 11.4 percent while employment increased by 75 thousand, or 2 percent. 

Unemployment decreased for almost all age groups and continued to hit more young people aged 15-24 years (30.4 percent from 40.3 percent) and the 25-34 age group (24.2 percent from 25 percent. Lower rates were mainly observed in the 35-44 age group (16.3 percent from 18.2 percent); the 45-54 age group (14.2 percent from 16.2 percent); the 55-64 age group (13.8 percent from 15.8 percent) and the 65-74 age group (12.4 percent from 9.7 percent).

By genders, the jobless rate was lower for men (14.5 percent from 16.1 percent in April 2018) than for women (21.7 percent from 24.4 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (11.8 percent), Aegean Islands (14.6 percent) and Attica (17.9 percent). On the other hand, Epirus-Western Macedonia recorded the highest rate (20.5 percent).


ELSTAT | Agna Gabriel | agna.gabriel@tradingeconomics.com
7/11/2019 9:22:45 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.60 18.20 27.80 7.30 percent [+]
Employed Persons 3884.30 3846.33 4658.20 3438.10 Thousand [+]
Unemployed Persons 852.61 844.04 1384.90 335.60 Thousand [+]
Part Time Employment 351.90 352.90 385.20 158.68 Thousand [+]
Full Time Employment 3462.20 3480.80 4383.59 3153.50 Thousand [+]
Employment Rate 82.00 82.00 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.50 13.00 19.90 3.60 percent [+]
Youth Unemployment Rate 40.40 39.40 60.20 20.00 percent [+]
Labour Costs 93.20 93.50 107.40 48.50 Index Points [+]
Job Vacancies 8288.00 13584.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 522.00 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 51.80 51.70 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 88.90 93.10 108.10 70.90 Index Points [+]
Employment Change 0.60 0.20 3.60 -2.80 percent [+]


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. 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17.60 18.20 27.80 7.30 1998 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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