The seasonally adjusted unemployment rate in Greece fell marginally to 16.6 percent in October of 2019 from 16.8 percent in the previous month and compared with 18.5 percent in October of 2018. This is the lowest jobless rate since April 2011, as the number of unemployed decreased by 12.3 thousand to 781 thousand while employed fell by 0.71 thousand to 3.93 million. Considering the same month in 2018, young people in the 15-24 age group continued to be the most affected among the unemployed (35.6 percent vs 39.4 percent), despite the rate declined in all age groups. Across the country's regions, the lowest unemployment rates were reported in Crete (11.9 percent), Aegean Islands (14.4 percent) and Attica (15.6 percent). In contrast, Epirus-Western Macedonia (19 percent) and Macedonia-Thrace (18.5 percent) registered the highest rates.

Unemployment Rate in Greece averaged 16.28 percent from 1998 until 2019, reaching an all time high of 27.80 percent in July of 2013 and a record low of 7.30 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.

Unemployment Rate in Greece is expected to be 16.50 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 15.50 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 14.00 percent in 2020, according to our econometric models.

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Greece Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.60 16.80 27.80 7.30 1998 - 2019 percent Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 09:00 AM Jul 16.9% 17.1% 16.9%
2019-11-07 10:00 AM Aug 16.7% 16.9% 16.7%
2019-12-20 10:00 AM Sep 16.8% 16.9% 16.5%
2020-01-09 10:00 AM Oct 16.6% 16.8% 16.5%
2020-02-06 10:00 AM Nov 16.6% 16.4%


News Stream
2019-12-20
Greek Jobless Rate Lowest Since 2011
The seasonally adjusted unemployment rate in Greece dropped to 16.8 percent in September of 2019 from 16.9 percent in the previous month and compared with 18.8 percent in September of 2018. This is the lowest jobless rate since April of 2011.

2019-11-07
Greek Jobless Rate Nears 8-1/2-Year Low of 16.7%
The seasonally adjusted unemployment rate in Greece dropped to 16.7 percent in August of 2019 from 16.9 percent in the previous month and compared with 18.9 percent in August of 2018. This is the lowest jobless rate since April of 2011.

2019-10-10
Greek Jobless Rate Falls to Over 8-Year Low in July
The seasonally adjusted unemployment rate in Greece edged down to 16.9 percent in July 2019 from an upwardly revised 17.1 percent in the prior month and compared with 19.1 percent in July 2018. It is the lowest jobless rate since May of 2011.

2019-09-05
Greek Jobless Rate Falls Further to 17% in June
The seasonally adjusted unemployment rate in Greece decreased to 17.0 percent in June 2019 from a downwardly revised 17.1 percent in the prior month and compared with 19.2 percent in June of 2018. It was the lowest jobless rate since May of 2011.

2019-08-08
Greek Jobless Rate Drops to 8-Year Low of 17.2%
The seasonally adjusted unemployment rate in Greece edged down to 17.2 percent in May 2019 from a downwardly revised 17.4 percent in the prior month and compared with 19.4 percent in May of 2018. It was the lowest jobless rate since May of 2011.

2019-07-11
Greek Jobless Rate Falls to Near 8-Year Low of 17.6%
The seasonally adjusted unemployment rate in Greece fell to 17.6 percent in April of 2019 from an upwardly revised 18.2 percent in the previous month and compared with 19.8 percent in April of 2018. It was the lowest jobless rate since June of 2011, as the number of unemployed persons dropped by 3.1 percent from the prior month while the number of employed went up by 0.7 percent.


Greece Unemployment Rate
In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

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 [+]