Greece Unemployment Rate

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.

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Calendar	GMT		Actual	Previous	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

News

Greek Jobless Rate at Over 7-Year Low of 18.1%
The seasonally adjusted unemployment rate in Greece fell to 18.1 percent in March 2019 from a downwardly revised 18.4 percent in the previous month. It was the lowest jobless rate since July 2011, as the number unemployed dropped by 1.7 percent while the number of employed rose by 0.2 percent.
Published on 2019-06-06

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.
Published on 2019-05-09

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

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	[+]

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

Export Data API

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	13.00	Apr/19	14.1	14.8 : 7.3	%
Brazil	12.30	May/19	12.5	13.7 : 6.2	%
Argentina	10.10	Mar/19	9.1	20.8 : 5.9	%
Italy	9.90	May/19	10.1	13.1 : 5.8	%
France	8.70	Mar/19	8.8	10.7 : 7.2	%
Euro Area	7.50	May/19	7.6	12.1 : 7.3	%
India	6.00	Dec/18	5	8.3 : 3.53	%
Saudi Arabia	5.70	Mar/19	6	6.3 : 4.35	%
Canada	5.50	Jun/19	5.4	13.1 : 2.9	%
Australia	5.20	Jun/19	5.2	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.40	Jun/19	4.5	14.1 : 4.4	%
South Korea	4.00	Jun/19	4	7.1 : 3	%
United Kingdom	3.80	May/19	3.8	12 : 3.4	%
United States	3.70	Jun/19	3.6	10.8 : 2.5	%
China	3.67	Mar/19	3.8	4.3 : 3.67	%
Mexico	3.50	May/19	3.5	6.42 : 2.22	%
Netherlands	3.40	Jun/19	3.3	7.9 : 3.3	%
Germany	3.10	May/19	3.1	11.5 : 0.4	%
Japan	2.40	May/19	2.4	5.5 : 1	%
Singapore	2.20	Mar/19	2.2	6 : 1.4	%
Switzerland	2.10	Jun/19	2.3	5.7 : 1.5	%