Long Term Unemployment Rate in Greece decreased to 12.50 percent in the first quarter of 2019 from 13 percent in the fourth quarter of 2018. Long Term Unemployment Rate in Greece averaged 8.95 percent from 1992 until 2019, 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 12.00 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 10.70 in 12 months time. In the long-term, the Greece Long Term Unemployment Rate is projected to trend around 9.20 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 17.60 18.20 27.80 7.30 percent [+]
Employed Persons 3884.30 3846.33 4658.20 3438.10 Thousand [+]
Unemployed Persons 852.61 844.04 1384.90 335.60 Thousand [+]
Part Time Employment 351.90 352.90 385.20 158.68 Thousand [+]
Full Time Employment 3462.20 3480.80 4383.59 3153.50 Thousand [+]
Employment Rate 82.00 82.00 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.50 13.00 19.90 3.60 percent [+]
Youth Unemployment Rate 40.40 39.40 60.20 20.00 percent [+]
Labour Costs 93.20 93.50 107.40 48.50 Index Points [+]
Job Vacancies 8288.00 13584.00 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 51.80 51.70 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 88.90 93.10 108.10 70.90 Index Points [+]
Employment Change 0.60 0.20 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.50 13.00 19.90 3.60 1992 - 2019 percent Quarterly




Country Last Previous
Italy 6.00 Mar/19
Spain 5.60 Mar/19
Euro Area 3.50 Mar/19
France 3.30 Mar/19
Turkey 2.90 Mar/19
Switzerland 1.70 Mar/19
Germany 1.30 Mar/19
Netherlands 1.20 Mar/19
United Kingdom 1.00 Mar/19
United States 0.87 Jun/19


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