The seasonally adjusted unemployment rate in Greece edged down to 16.3 percent in March of 2021 from an upwardly revised 16.6 percent in the previous month, as health authorities extended lockdown measures in the wider Athens region throughout most of the month. The number of unemployed persons shrank by 18,384 to 714,779 and the employed population retreated by 13,614 to 3,679,530. Meanwhile, the number of people outside the labor force has gone up by 29,325 to 3,477,133. The age group 15-24 remained the most affected by unemployment (37.5 percent). source: National Statistical Service of Greece
Unemployment Rate in Greece averaged 16.29 percent from 1998 until 2021, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.40 percent in May of 2008. This page provides the latest reported value for - Greece Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Unemployment Rate in Greece is expected to be 16.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Greece to stand at 15.90 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 16.20 percent in 2022 and 15.40 percent in 2023, according to our econometric models.