Greece Gross Minimum Monthly Wage - Forecast

Minimum Wages in Greece is expected to be 683.76 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 683.76 in 12 months time. In the long-term, the Greece Gross Minimum Monthly Wage is projected to trend around 683.76 EUR/Month in 2020, according to our econometric models.


Greece Gross Minimum Monthly Wage
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Greece Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 20.1 20 19.6 19.1 18.2 16
Employed Persons 3769 3720 3740 3780 3800 3990
Unemployed Persons 974 1000 1000 990 980 950
Part Time Employment 357 382 383 385 386 396
Full Time Employment 3366 3540 3580 3600 3610 3700
Employment Rate 79.47 79.5 79.6 79.8 79.9 81.2
Long Term Unemployment Rate 15.3 14.6 14.2 13.8 13.6 12.5
Youth Unemployment Rate 43.2 42 41.6 41.2 41 36
Labour Costs 90.3 89.9 80.1 95.9 89.1 96.6
Job Vacancies 2825 14700 11200 12500 18900 16300
Minimum Wages 684 684 684 684 684 684
Population 10.76 10.67 10.67 10.67 10.6 10.56
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Labor Force Participation Rate 51.6 52.5 52.6 52.7 52.7 53.2
Living Wage Family 1020 1050 1050 1050 1070 1200
Living Wage Individual 580 580 580 580 620 650
Wages High Skilled 1600 1700 1700 1700 1750 1750
Wages Low Skilled 747 800 800 800 850 850
Productivity 91.1 93.8 94 94.4 94.6 95.6
Employment Change 0.3 0.4 0.5 0.5 0.4 0.5