Labour Costs in Greece decreased to 95.10 points in the second quarter of 2021 from 96.60 points in the first quarter of 2021. source: EUROSTAT

Labour Costs in Greece averaged 82.01 points from 1995 until 2021, reaching an all time high of 107.50 points in the fourth quarter of 2009 and a record low of 48.50 points in the first quarter of 1995. This page provides - Greece Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Unit Labour Costs - values, historical data and charts - was last updated on September of 2021.

Labour Costs in Greece is expected to be 101.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Unit Labour Costs is projected to trend around 106.00 points in 2022 and 108.00 points in 2023, according to our econometric models.

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Greece Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
95.10 96.60 107.50 48.50 1995 - 2021 points Quarterly
NSA, 2010=100

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.20 15.00 27.90 7.40 percent [+]
Employed Persons 4091.15 4050.69 4658.20 3438.10 Thousand [+]
Unemployed Persons 643.42 664.42 1384.90 335.60 Thousand [+]
Part Time Employment 319.30 282.70 385.20 158.68 Thousand [+]
Full Time Employment 3595.90 3342.30 4383.59 3153.50 Thousand [+]
Employment Rate 86.41 85.91 93.28 71.29 percent [+]
Long Term Unemployment Rate 10.00 10.80 19.90 3.60 percent [+]
Youth Unemployment Rate 37.60 29.70 61.90 20.50 percent [+]
Labour Costs 95.10 96.60 107.50 48.50 points [+]
Job Vacancies 6685.00 7382.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 505.06 EUR/Month [+]
Population 10.72 10.72 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 51.30 48.20 53.70 48.20 percent [+]
Productivity 107.50 103.90 126.20 88.90 points [+]
Employment Change -1.70 -0.20 3.50 -3.80 percent [+]