Labor Force Participation Rate in Greece decreased to 51.60 percent in the fourth quarter of 2019 from 52.20 percent in the third quarter of 2019.

Labor Force Participation Rate in Greece averaged 52.40 percent from 1998 until 2019, reaching an all time high of 53.70 percent in the third quarter of 2009 and a record low of 51 percent in the fourth quarter of 2001. 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 May of 2020.

Labor Force Participation Rate in Greece is expected to be 52.30 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 52.40 in 12 months time. In the long-term, the Greece Labor Force Participation Rate is projected to trend around 52.60 percent in 2021, according to our econometric models.

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Greece Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
51.60 52.20 53.70 51.00 1998 - 2019 percent Quarterly
NSA

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.10 16.20 27.90 7.40 percent [+]
Employed Persons 3779.23 3857.07 4658.20 3438.10 Thousand [+]
Unemployed Persons 771.64 800.54 1384.90 335.60 Thousand [+]
Part Time Employment 368.70 359.90 385.20 158.68 Thousand [+]
Full Time Employment 3533.00 3612.00 4383.59 3153.50 Thousand [+]
Employment Rate 83.04 82.81 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.10 12.10 19.90 3.60 percent [+]
Youth Unemployment Rate 35.60 32.40 59.80 20.20 percent [+]
Labour Costs 77.70 91.90 107.40 48.50 points [+]
Job Vacancies 12897.00 14343.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 522.00 EUR/Month [+]
Population 10.72 10.74 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 51.60 52.20 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 [+]
Productivity 98.40 99.70 112.50 79.30 points [+]
Employment Change 0.20 -0.10 3.50 -2.80 percent [+]
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 [+]