Greece Long Term Unemployment Rate  Forecast


Greece Long Term Unemployment Rate
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Long Term Unemployment Rate in Greece is expected to be 15.80 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 15.20 in 12 months time. In the long-term, the Greece Long Term Unemployment Rate is projected to trend around 12.90 percent in 2020, according to our econometric models.


Greece Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 20.7 20 19.7 19.5 19.2 16.5
Employed Persons 3818 3700 3720 3844 3780 3990
Unemployed Persons 977 1020 1000 963 990 950
Part Time Employment 361 380 382 360 385 396
Full Time Employment 3462 3400 3420 3477 3450 3550
Employment Rate 79.63 79.4 79.5 79.95 79.8 81.2
Long Term Unemployment Rate 15.7 15.8 15.6 13.29 15.2 12.9
Youth Unemployment Rate 39.5 44.4 44 35.18 43 38
Labour Costs 79.1 89 88.8 81.09 95.9 96.6
Job Vacancies 14630 15914 15317 15213 12500 16300
Minimum Wages 684 684 684 680 684 684
Population 10.76 10.67 10.67 10.67 10.67 10.56
Retirement Age Women 67 67 67 66 67 67
Retirement Age Men 67 67 67 66 67 67
Labor Force Participation Rate 52.3 52.2 52.5 52.33 52.7 53.2
Living Wage Family 1020 800 800 1017 910 1250
Living Wage Individual 580 572 572 572 540 690
Wages 1092 1118 1120 1102 1126 1145
Wages High Skilled 1600 2135 2092 2049 1420 1540
Wages Low Skilled 747 965 956 948 800 950
Productivity 98.2 91.2 93.8 96.75 94.4 95.6
Employment Change 0.8 0.4 0.4 0.21 0.5 0.5