The seasonally adjusted unemployment rate in Greece declined to 16.2 percent in November of 2020, from a downwardly revised 16.4 percent in October. The number of unemployed persons decreased by 15.8 thousand to 753.5 thousand and employed persons by 24.5 thousand to 3.894 million. The age group 15-24 remains the most affected by unemployment (34 percent). Across the country's regions, the highest rates of unemployment were recorded in Epirus-Western Macedonia (19.5 percent) and Aegean Islands (17.8 percent). source: National Statistical Service of Greece
Unemployment Rate in Greece averaged 16.29 percent from 1998 until 2020, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.40 percent in May of 2008. This page provides the latest reported value for - Greece Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Unemployment Rate in Greece is expected to be 19.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Greece to stand at 17.40 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 16.00 percent in 2022, according to our econometric models.