Labour Costs in Greece decreased to 77.70 Index Points in the third quarter of 2019 from 91.90 Index Points in the second quarter of 2019.

Labour Costs in Greece averaged 81.01 Index Points from 1995 until 2019, reaching an all time high of 107.40 Index Points in the fourth quarter of 2009 and a record low of 48.50 Index Points in the first quarter of 1995. This page provides - Greece Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labour Costs in Greece is expected to be 96.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Greece to stand at 79.20 in 12 months time. In the long-term, the Greece Unit Labour Costs is projected to trend around 97.00 Index Points in 2020, according to our econometric models.


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Greece Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
77.70 91.90 107.40 48.50 1995 - 2019 points Quarterly
NSA, 2010=100
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 12.10 12.00 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 -0.30 0.90 3.50 -2.80 percent [+]