Labor Force Participation Rate in Greece decreased to 52.20 percent in the third quarter of 2019 from 52.30 percent in the second quarter of 2019. Labor Force Participation Rate in Greece averaged 52.41 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.

Labor Force Participation Rate in Greece is expected to be 52.40 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 2020, according to our econometric models.

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Greece Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
52.20 52.30 53.70 51.00 1998 - 2019 percent Quarterly
NSA

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.60 16.80 27.80 7.30 percent [+]
Employed Persons 3928.89 3986.18 4658.20 3438.10 Thousand [+]
Unemployed Persons 763.60 751.92 1384.90 335.60 Thousand [+]
Part Time Employment 359.90 362.00 385.20 158.68 Thousand [+]
Full Time Employment 3612.00 3594.50 4383.59 3153.50 Thousand [+]
Employment Rate 83.73 84.13 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.00 12.50 19.90 3.60 percent [+]
Youth Unemployment Rate 35.60 32.50 59.50 21.00 percent [+]
Labour Costs 77.70 91.90 107.40 48.50 points [+]
Job Vacancies 14343.00 12570.00 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 52.20 52.30 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 100.10 91.70 108.10 70.90 points [+]
Employment Change 0.70 0.70 3.60 -2.80 percent [+]