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.

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Greece Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
18.30 17.30 27.90 7.40 1998 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-11 09:30 AM Mar 14.4% 15.9% 16.9%
2020-07-09 09:00 AM Apr 15.5% 14.5% 15.2%
2020-08-06 09:00 AM May 17% 15.7% 16.1%
2020-09-10 09:00 AM Jun 18.3% 17.3% 18.2%
2020-10-08 09:00 AM Jul 18.3% 19.1%
2020-11-05 10:00 AM Aug 19%
2020-12-10 10:00 AM Sep 19.9%


News Stream
Greece Unemployment Rate Rises to 18.3%
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.
2020-09-10
Greek Jobless Rate Rises to 10-Month High of 17%
Greece's unemployment rate rose to 17 percent in May of 2020 from an upwardly revised 15.7 percent in the previous month, the highest since July of 2019. Due to the measures taken to protect public health and tackle the COVID-19 pandemic, the labour market was affected because of the suspension of the operation of businesses in many sectors of the economy, mainly in the service sector, and the limitations in the population movements. The number of unemployed people increased by 48,444 from April, or 6.8 percent, to 764.9 thousand, while employment fell by 128,924, or 3.3 percent, to 3.729 million. By region, the highest rates were recorded in Crete (23.1 percent), Aegean Islands (22.1 percent), Thessaly – Sterea Ellas (18 percent) and Macedonia-Thrace (17.5 percent).
2020-08-06
Greek Jobless Rate Climbs to 15.5% in April
Greece's unemployment rate rose to 15.5 percent in April 2020 from an upwardly revised 14.5 percent in the previous month, as the measures taken to protect public health and tackle the COVID-19 pandemic hit the labor market. The number of unemployed people increased by 52,717 from March, or 8.0 percent, to 708.7 thousand, while employment fell by 23,820, or 0.6 percent, to 3.859 million. By region, the highest rates were recorded in Crete (23.6 percent), Thessaly – Sterea Ellas (17.9 percent) and Macedonia-Thrace (17.0 percent).
2020-07-09
Greece Jobless Rate Lowest since 2010 in March
The seasonally adjusted unemployment rate in Greece dropped to 14.4 percent in March of 2020 from a downwardly revised 15.9 percent in the previous month. It was the lowest jobless rate since November of 2010, as the number of unemployed fell to 653.7 thousand from 771.6 thousand in February and the number of employed increased to 3.81 million from 3.77 million. The unemployment rate was higher among those aged 15-24 (32.4 percent) and lower for those aged 65-74 (7.4 percent).
2020-06-11

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.