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. Compared with the previous month, the number of unemployed fell by 0.6 percent to 872 thousand and the number of employed persons remained unchanged at 3.83 million. Unemployment Rate in Greece averaged 16.24 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 17.10 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 15.70 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.