The seasonally adjusted unemployment rate in Greece fell to 15.9 percent in May of 2021 from an upwardly revised 17.1 percent in the previous month, as the country reopened for foreign tourists and the pandemic receded markedly. It was the lowest unemployment rate since February, reflecting a 31,010 reduction in the number of unemployed people to 737,312 and an addition of 168,467 people to the employed population, which totalled 3,892,983. At the same time, the number of people outside the labor force shrank by 141,407 to 3,234,533. Still, the jobless rate remained worst among people aged between 15 and 24, at 33.1 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 August of 2021.

Unemployment Rate in Greece is expected to be 16.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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Greece Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.90 17.10 27.90 7.40 1998 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-11 09:00 AM Feb 15.9% 16.0% 15.5%
2021-06-11 09:00 AM Mar 16.3% 16.6% 15.1%
2021-07-07 09:00 AM Apr 17% 16.8% 16.4%
2021-07-27 09:15 AM May 15.9% 17.1% 16.9%
2021-09-09 09:00 AM Jun 15.9%
2021-10-14 09:00 AM Jul
2021-11-11 10:00 AM Aug
2021-12-16 10:00 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Greece Jobless Rate Drops to 3-Month Low
The seasonally adjusted unemployment rate in Greece fell to 15.9 percent in May of 2021 from an upwardly revised 17.1 percent in the previous month, as the country reopened for foreign tourists and the pandemic receded markedly. It was the lowest unemployment rate since February, reflecting a 31,010 reduction in the number of unemployed people to 737,312 and an addition of 168,467 people to the employed population, which totalled 3,892,983. At the same time, the number of people outside the labor force shrank by 141,407 to 3,234,533. Still, the jobless rate remained worst among people aged between 15 and 24, at 33.1 percent.
2021-07-27
Greece Jobless Rate at 8-Month High
The seasonally adjusted unemployment rate in Greece edged up to 17.0 percent in April of 2021 from an upwardly revised 16.8 percent in the previous month, in a month that saw the pandemic advance with record numbers of infections in the country. It was the highest unemployment rate since August of 2020, as the number of unemployed persons rose by 21,990 to 762,553. Meanwhile, the employed population expanded by 38,683 to 3,714,575 and the number of people outside the labor force shrank by 63,733 to 3,391,650. Finally, the jobless rate among people aged between 15 and 24 stood at 46.8 percent.
2021-07-07
Greece Jobless Rate Decreases in March
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).
2021-06-11
Greek Jobless Rate Rises to 16% in January
The seasonally adjusted unemployment rate in Greece rose to 16.0 percent in January of 2021 from a downwardly revised 15.6 percent in the previous month, as regulatory measures introduced to tackle the COVID-19 pandemic affected the normal functioning of the labor market. The number of unemployed persons remained marginally unchanged at 714,809 (-142), while the number of employed persons decreased to 3,760,313 (-119,643) in comparison with the prior month. Importantly, the number of persons outside the labor force soared by 5.9 percent year-on-year in January. The age group 15-24 remains by far the most affected by unemployment (43.4 percent).
2021-05-17

Greece Unemployment Rate
In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.