Long Term Unemployment Rate in Greece decreased to 13.10 percent in the third quarter of 2018 from 13.70 percent in the second quarter of 2018. Long Term Unemployment Rate in Greece averaged 8.87 percent from 1992 until 2018, reaching an all time high of 19.90 percent in the first quarter of 2014 and a record low of 3.60 percent in the second quarter of 2008.

Long Term Unemployment Rate in Greece is expected to be 12.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Greece to stand at 11.50 in 12 months time. In the long-term, the Greece Long Term Unemployment Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.

Greece Long Term Unemployment Rate
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Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.50 18.60 27.80 7.30 percent [+]
Employed Persons 3758.93 3785.52 4658.20 3438.10 Thousand [+]
Unemployed Persons 928.04 924.89 1384.90 335.60 Thousand [+]
Part Time Employment 352.90 337.20 385.20 158.68 Thousand [+]
Full Time Employment 3480.80 3557.00 4383.59 3153.50 Thousand [+]
Employment Rate 80.20 80.37 93.28 71.29 percent [+]
Long Term Unemployment Rate 13.10 13.70 19.90 3.60 percent [+]
Youth Unemployment Rate 38.80 39.30 60.20 20.00 percent [+]
Labour Costs 93.50 78.30 107.40 48.50 Index Points [+]
Job Vacancies 13584.00 14466.00 51613.00 2825.00 [+]
Minimum Wages 758.33 683.76 876.62 522.00 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 51.70 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 [+]
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 93.10 98.50 108.10 70.90 Index Points [+]
Employment Change 0.00 1.00 3.60 -2.80 percent [+]


Greece Long Term Unemployment Rate

In Greece, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market. This page provides the latest reported value for - Greece Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Long Term Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.10 13.70 19.90 3.60 1992 - 2018 percent Quarterly




Country Last Previous
Spain 5.70 Dec/18
Italy 5.60 Sep/18
Euro Area 3.50 Sep/18
France 3.40 Dec/18
Turkey 2.50 Sep/18
Switzerland 1.50 Sep/18
Germany 1.40 Sep/18
Netherlands 1.20 Dec/18
United Kingdom 1.10 Sep/18
United States 0.80 Mar/19


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