Labor Force Participation Rate in Greece decreased to 48.20 percent in the first quarter of 2021 from 51 percent in the fourth quarter of 2020. source: National Statistical Service of Greece

Labor Force Participation Rate in Greece averaged 52.29 percent from 1998 until 2021, reaching an all time high of 53.70 percent in the third quarter of 2009 and a record low of 48.20 percent in the first quarter of 2021. This page provides - Greece Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Labor Force Participation Rate - values, historical data and charts - was last updated on July of 2021.

Labor Force Participation Rate in Greece is expected to be 52.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Greece to stand at 52.30 in 12 months time. In the long-term, the Greece Labor Force Participation Rate is projected to trend around 52.60 percent in 2022 and 52.90 percent in 2023, according to our econometric models.

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Greece Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
48.20 51.00 53.70 48.20 1998 - 2021 percent Quarterly
NSA

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.00 16.80 27.90 7.40 percent [+]
Employed Persons 3757.34 3612.93 4658.20 3438.10 Thousand [+]
Unemployed Persons 771.87 758.01 1384.90 335.60 Thousand [+]
Part Time Employment 282.70 302.10 385.20 158.68 Thousand [+]
Full Time Employment 3342.30 3576.30 4383.59 3153.50 Thousand [+]
Employment Rate 82.96 82.66 93.28 71.29 percent [+]
Long Term Unemployment Rate 10.00 10.80 19.90 3.60 percent [+]
Youth Unemployment Rate 38.20 49.80 59.90 19.80 percent [+]
Labour Costs 96.60 103.20 107.50 48.50 points [+]
Job Vacancies 6685.00 7382.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 505.06 EUR/Month [+]
Population 10.72 10.72 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 48.20 51.00 53.70 48.20 percent [+]
Productivity 103.90 102.70 126.20 88.90 points [+]
Employment Change -1.70 -0.20 3.50 -3.80 percent [+]