The seasonally adjusted unemployment rate in Greece edged down to 18.5 percent in February 2019 from an upwardly revised 18.6 percent in the prior month. Compared with the previous month, the number of unemployed fell by 0.6 percent to 872 thousand and the number of employed persons remained unchanged at 3.83 million. Unemployment Rate in Greece averaged 16.24 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.

Unemployment Rate in Greece is expected to be 17.10 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 15.70 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 13.60 percent in 2020, according to our econometric models.

Greece Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-07 10:00 AM Unemployment Rate 18.5% 18.7% 18.4%
2019-03-07 10:00 AM Unemployment Rate 18% 18.3% 18.2%
2019-04-11 09:00 AM Unemployment Rate 18.5% 18.4% 18%
2019-05-09 09:00 AM Unemployment Rate 18.5% 18.6% 17.7%
2019-06-06 09:00 AM Unemployment Rate 18.5% 18%
2019-07-11 09:00 AM Unemployment Rate 17.5%
2019-08-08 09:00 AM Unemployment Rate 17.2%



Greek Jobless Rate Drops to 18.5% in February

The seasonally adjusted unemployment rate in Greece edged down to 18.5 percent in February 2019 from an upwardly revised 18.6 percent in the prior month.

Compared with the previous month, the number of unemployed fell by 0.6 percent to 872 thousand and the number of employed persons was unchanged at 3.83 million. 

A year ago, the jobless rate was recorded at 20.6 percent. The number of unemployed persons decreased by 10.3 percent while employment rose by 2.4 percent.

Unemployment declined for almost all age groups but young people aged 15-24 years (38.8 percent from 46.0 percent) and the 25-34 age group (25.4 percent from 25.3 percent) still struggle to find work. Lower rates were mostly observed in the 35-44 age group (16.2 percent from 18.8 percent); the 45-54 age group (14.7 percent from 16.5 percent); the 55-64 age group (14.3 percent from 17.0 percent) and the 65-74 age group (11.4 percent from 11.5 percent).

By genders, the jobless rate was lower for men (14.8 percent from 16.4 percent) than for women (23.3 percent from 26.0 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (16.8 percent), Attica (18.1 percent) and Aegean Islands (18.2 percent). In contrast, Epirus-Western Macedonia registered the highest rate (21.6 percent).


ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/9/2019 9:34:26 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.50 18.60 27.80 7.30 percent [+]
Employed Persons 3758.93 3785.52 4658.20 3438.10 Thousand [+]
Unemployed Persons 928.04 924.89 1384.90 335.60 Thousand [+]
Part Time Employment 352.90 337.20 385.20 158.68 Thousand [+]
Full Time Employment 3480.80 3557.00 4383.59 3153.50 Thousand [+]
Employment Rate 80.20 80.37 93.28 71.29 percent [+]
Long Term Unemployment Rate 13.10 13.70 19.90 3.60 percent [+]
Youth Unemployment Rate 38.80 39.30 60.20 20.00 percent [+]
Labour Costs 93.50 78.30 107.40 48.50 Index Points [+]
Job Vacancies 13584.00 14466.00 51613.00 2825.00 [+]
Minimum Wages 758.33 683.76 876.62 522.00 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 51.70 52.20 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 93.10 98.50 108.10 70.90 Index Points [+]
Employment Change 0.00 1.00 3.60 -2.80 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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
18.50 18.60 27.80 7.30 1998 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


Related

Latest