The jobless rate in Greece jumped to 18.3 percent in June of 2020 from 17.3 percent in July, reaching the highest since February of 2019, as the labour market continues to be affected by the coronavirus pandemic. The number of unemployed rose by 58,146 persons to 836.6 thousand while those employed went up by 11,640 to 3.744 million. Those inactive declined by 72,265 to 3.3 million.
Unemployment Rate in Greece averaged 16.28 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 September of 2020.
Unemployment Rate in Greece is expected to be 19.90 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 18.80 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 17.40 percent in 2021 and 16.00 percent in 2022, according to our econometric models.