Long Term Unemployment Rate in Greece decreased to 12 percent in the second quarter of 2019 from 12.50 percent in the first quarter of 2019. Long Term Unemployment Rate in Greece averaged 8.99 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 12.10 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 11.70 in 12 months time. In the long-term, the Greece Long Term Unemployment Rate is projected to trend around 11.70 percent in 2020, according to our econometric models.

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Greece Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.50 19.90 3.60 1992 - 2019 percent Quarterly


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.

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 [+]