Greece Gross Minimum Monthly Wage  Forecast


Minimum Wages in Greece is expected to be 684.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Greece to stand at 679.68 in 12 months time. In the long-term, the Greece Gross Minimum Monthly Wage is projected to trend around 684.00 EUR/Month in 2020, according to our econometric models.


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Greece Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 21 20.3 20 19.7 19.5 16.5
Employed Persons 3843 3680 3700 3720 3873 3990
Unemployed Persons 966 1040 1020 1000 949 950
Part Time Employment 374 378 380 382 369 396
Full Time Employment 3417 3380 3400 3420 3436 3550
Employment Rate 79.91 79.2 79.4 79.5 80.3 81.2
Long Term Unemployment Rate 16.3 16 15.8 15.6 13.5 12.9
Youth Unemployment Rate 42.8 44.8 44.4 44 35.15 38
Labour Costs 89.5 95.6 89 88.8 82.63 96.6
Job Vacancies 6315 9500 13242 14055 14149 16300
Minimum Wages 684 684 684 684 680 684
Population 10.76 10.76 10.67 10.67 10.67 10.56
Retirement Age Women 67 67 67 67 66.38 67
Retirement Age Men 67 67 67 67 65.71 67
Employment Change 0.8 0.4 0.4 0.4 0.21 0.5
Productivity 93.1 93.8 91.2 93.8 95.91 95.6
Wages 1092 1115 1118 1120 1102 1145
Wages High Skilled 1370 1370 1418 1418 1418 1540
Wages Low Skilled 786 770 810 810 810 950
Labor Force Participation Rate 52.4 52.2 52.2 52.5 52.42 53.2
Living Wage Family 623 750 800 800 612 1250
Living Wage Individual 475 490 468 467 467 690