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.

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Greece Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.40 15.90 27.90 7.40 1998 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-05 10:00 AM Dec 16.3% 16.5% 16.2%
2020-04-09 09:00 AM Jan 16.4% 16.4% 16.3%
2020-05-07 09:00 AM Feb 16.1% 16.2% 16.4%
2020-06-11 09:30 AM Mar 14.4% 15.9% 16.9%
2020-07-09 09:00 AM Apr 14.4% 15.2%
2020-08-06 09:00 AM May 18.1%
2020-09-10 09:00 AM Jun 18.2%
2020-10-08 09:00 AM Jul 19.1%


News Stream
Greece Jobless Rate Lowest since 2010 in March
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).
2020-06-11
Greek Jobless Rate Falls to Nearly 9-Year Low in February
The seasonally adjusted unemployment rate in Greece dropped to 16.1 percent in February 2020 from a downwardly revised 16.2 percent in the previous month. It was the lowest jobless rate since March 2011, as the number of unemployed persons fell by 13.527 thousand to 745.9 thousand. Meantime, the number of employed decreased by 28.467 thousand to 3.89 million. Considering the same month of 2019, young people in the 15-24 age group continued to be the most affected among the unemployed (35.6 percent vs 36.5 percent), despite the rate has been declining over the years. Across the country's regions, the lowest jobless rates were recorded in Aegean Islands (13.6 percent) and Crete (13.8 percent) while Epirus-Western Macedonia (21 percent) registered the highest.
2020-05-07
Greek Jobless Rate Steady at Near 9-Year Low of 16.4%
The seasonally adjusted unemployment rate in Greece remained unchanged at 16.4 percent in January of 2020, its lowest level since April of 2011. The number of unemployed persons decreased by 0.4 thousand from the prior month to 767 thousand while employed were barely unchanged at 3.91 million. Considering the same month of 2019, young people in the 15-24 age group continued to be the most affected among the unemployed (32.4 percent vs 39.2 percent), despite the rate has been declining over the years. Across the country's regions, the lowest unemployment rates were recorded in Aegean Islands (12.9 percent) and Crete (13 percent) while Epirus-Western Macedonia (19.8 percent) registered the highest rate.
2020-04-09
Greek December Jobless Rate Nears 9-Year Low of 16.3%
The seasonally adjusted unemployment rate in Greece dropped to 16.3 percent in December of 2019 from 16.5 in the prior month and compared to 18.5 percent in December of 2018. This was the lowest jobless rate since March of 2011, as the number of unemployed went down by 12.3 thousand from the prior month to 759 thousand while employed decreased by 6.34 thousand to 3.90 million. Considering the same month of 2018, young people in the 15-24 age group continued to be the most affected among the unemployed (34.7 percent vs 39.4 percent), despite the rate has been declining over the years. Across the country's regions, the lowest unemployment rates were registered in Crete (11.3 percent) and Aegean Islands (13.7 percent vs 16.1 percent while Epirus-Western Macedonia (19.8 percent) recorded the highest rate.
2020-03-05

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.