The seasonally adjusted unemployment rate in Greece decreased to 16.8 percent in August of 2020 from an upwardly revised 17 percent in the previous month, the lowest since April. The number of unemployed people fell by 13,914 from July, or 1.8 percent to 771.3 thousand and employment went down by 18,159, or 0.5 percent to 3.821 million. Across the country's regions, the highest rates were recorded in Crete (20.1 percent), Peloponnese, Western Greece & Ionian Islands (19.2 percent), Epirus-Western Macedonia (19.1 percent) and Macedonia-Thrace (18.7 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 November of 2020.
Unemployment Rate in Greece is expected to be 20.00 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 18.20 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.