Long Term Unemployment Rate in Greece decreased to 10 percent in the first quarter of 2021 from 10.80 percent in the fourth quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Greece averaged 9.13 percent from 1992 until 2021, reaching an all time high of 19.90 percent in the first quarter of 2014 and a record low of 3.60 percent in the second quarter of 2008. This page provides the latest reported value for - Greece Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Long Term Unemployment Rate - values, historical data and charts - was last updated on July of 2021.

Long Term Unemployment Rate in Greece is expected to be 9.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Greece to stand at 9.00 in 12 months time. In the long-term, the Greece Long Term Unemployment Rate is projected to trend around 9.00 percent in 2022 and 8.20 percent in 2023, according to our econometric models.

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Greece Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.80 19.90 3.60 1992 - 2021 percent Quarterly

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.00 16.80 27.90 7.40 percent [+]
Employed Persons 3757.34 3612.93 4658.20 3438.10 Thousand [+]
Unemployed Persons 771.87 758.01 1384.90 335.60 Thousand [+]
Part Time Employment 282.70 302.10 385.20 158.68 Thousand [+]
Full Time Employment 3342.30 3576.30 4383.59 3153.50 Thousand [+]
Employment Rate 82.96 82.66 93.28 71.29 percent [+]
Long Term Unemployment Rate 10.00 10.80 19.90 3.60 percent [+]
Youth Unemployment Rate 38.20 49.80 59.90 19.80 percent [+]
Labour Costs 96.60 103.20 107.50 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 48.20 51.00 53.70 48.20 percent [+]
Productivity 103.90 102.70 126.20 88.90 points [+]
Employment Change -1.70 -0.20 3.50 -3.80 percent [+]


Greece Long Term Unemployment Rate
In Greece, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.