Labor Force Participation Rate in Greece decreased to 51 percent in the fourth quarter of 2020 from 51.60 percent in the third quarter of 2020. source: National Statistical Service of Greece

Labor Force Participation Rate in Greece averaged 52.34 percent from 1998 until 2020, reaching an all time high of 53.70 percent in the third quarter of 2009 and a record low of 50.60 percent in the first quarter of 2020. 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 April of 2021.

Labor Force Participation Rate in Greece is expected to be 50.60 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 52.20 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
51.00 51.60 53.70 50.60 1998 - 2020 percent Quarterly
NSA

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.80 16.20 27.90 7.40 percent [+]
Employed Persons 3817.26 3829.45 4658.20 3438.10 Thousand [+]
Unemployed Persons 746.01 758.92 1384.90 335.60 Thousand [+]
Part Time Employment 302.10 320.20 385.20 158.68 Thousand [+]
Full Time Employment 3576.30 3606.60 4383.59 3153.50 Thousand [+]
Employment Rate 83.65 83.46 93.28 71.29 percent [+]
Long Term Unemployment Rate 10.20 11.00 19.90 3.60 percent [+]
Youth Unemployment Rate 34.20 34.00 61.60 20.10 percent [+]
Labour Costs 103.20 89.70 107.50 48.50 points [+]
Job Vacancies 9685.00 5594.00 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 51.00 51.60 53.70 50.60 percent [+]
Productivity 102.70 91.80 114.80 79.30 points [+]
Employment Change 1.20 -2.80 3.50 -3.80 percent [+]