Greece Unemployment Rate  1998-2017 | Data | Chart | Calendar | Forecast

The Greek seasonally adjusted unemployment rate fell sharply to 22.5 percent in March 2017 from a downwardly revised 22.9 percent in the previous month and compared with 23.8 percent in March 2016. It was the lowest jobless rate since February of 2012, as the number of unemployed decreased 1.8 percent from the previous month to 1.1 million and employment rose 0.3 percent to 3.7 million. Still, Greek unemployment rate is more than double the Eurozone's average of 9.3 percent. Unemployment Rate in Greece averaged 15.79 percent from 1998 until 2017, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.30 percent in May of 2008.

Greece Unemployment Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-06 09:00 AM Jan 23.5% 23.5% 23%
2017-05-11 09:00 AM Feb 23.2% 23.3% 23.4%
2017-06-08 09:00 AM Mar 22.5% 22.9% 22.8%
2017-07-06 09:00 AM Apr 22.5% 22.7%
2017-08-10 09:00 AM May 22.6%
2017-09-07 09:00 AM Jun 22.5%




Greece Jobless Rate Lowest Since 2012


The Greek seasonally adjusted unemployment rate fell sharply to 22.5 percent in March 2017 from a downwardly revised 22.9 percent in the previous month and compared with 23.8 percent in March 2016. It was the lowest jobless rate since February of 2012, as the number of unemployed decreased 1.8 percent from the previous month to 1.1 million and employment rose 0.3 percent to 3.7 million. Still, Greek unemployment rate is more than double the Eurozone's average of 9.3 percent.

Compared with the previous month, the number of unemployed decreased by 19400 persons or 1.8 percent to 1.10 million and the number of employed rose by 11439 persons or 0.3 percent to 3.7 million. Meanwhile, the number of inactive persons went up 0.2 percent to 3.27 million.

A year earlier, the unemployment rate was recorded at 23.8 percent. The number of unemployed persons fell by 6.5 percent while employment rose by 0.9 percent. The number of inactive persons went up only by 0.2 percent compared with March of 2016.

Unemployment continued to hit mainly people aged 15 to 24, as 46.6 percent of young active population was unemployed, a decrease of 3.4 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 65 to 74 rose slightly further by 0.7 percentage points to 12.7 percent.

By genders, the unemployment rate for males declined by 0.9 percentage points to 19.1 percent in March and for females fell by 1.9 percentage points to 26.7 percent.

Among regions, the highest unemployment rates were observed for Epirus-Western Macedonia (27.4 percent), followed by Peloponnese, Western Greece and Ionian Islands (23.3 percent), Macedonia-Thrace (22.6 percent), Crete (22.6 percent); while Aegean Islands recorded the lowest rate (17.9 percent).


ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/8/2017 3:55:25 PM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 22.50 22.90 27.90 7.30 percent [+]
Employed Persons 3669.20 3627.20 4658.20 3438.10 Thousand [+]
Unemployed Persons 1079.72 1141.50 1384.90 335.60 Thousand [+]
Part Time Employment 385.20 374.30 385.20 158.68 Thousand [+]
Full Time Employment 3274.10 3274.30 4383.59 3153.50 Thousand [+]
Employment Rate 77.26 76.06 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.90 16.70 19.90 3.60 percent [+]
Youth Unemployment Rate 46.60 47.90 60.00 20.10 percent [+]
Labour Costs 88.80 95.10 107.40 48.50 Index Points [+]
Job Vacancies 6315.00 15689.00 51613.00 3119.00 [+]
Minimum Wages 683.76 683.76 876.62 522.00 EUR/Month [+]
Population 10.78 10.86 11.12 8.30 Million [+]
Retirement Age Women 67.00 67.00 67.00 57.00 [+]
Retirement Age Men 67.00 67.00 67.00 57.00 [+]
Employment Change 1.00 -0.80 3.50 -2.70 percent [+]
Productivity 90.20 93.60 108.10 70.90 Index Points [+]
Wages 1092.01 1125.60 1462.20 939.14 EUR/Month [+]
Wages High Skilled 1370.00 1410.00 1480.00 1370.00 EUR/Month [+]
Wages Low Skilled 786.00 834.00 834.00 786.00 EUR/Month [+]
Labor Force Participation Rate 51.90 51.90 53.70 51.00 percent [+]
Living Wage Family 623.00 615.00 1260.00 601.20 EUR/Month [+]
Living Wage Individual 474.60 468.80 515.00 460.60 EUR/Month [+]


Greece Unemployment Rate Notes

In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
22.50 22.90 27.90 7.30 1998 - 2017 percent Monthly



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.60 Apr/17
Turkey 11.70 Mar/17
Italy 11.10 Apr/17
France 9.60 Mar/17
Euro Area 9.30 Apr/17
Canada 6.60 May/17
Australia 5.50 May/17
Indonesia 5.33 Mar/17
Russia 5.20 May/17
Netherlands 5.10 May/17
India 4.90 Dec/13
United Kingdom 4.60 Apr/17
United States 4.30 May/17
China 3.97 Mar/17
Germany 3.90 Apr/17
South Korea 3.60 May/17
Mexico 3.50 Apr/17
Switzerland 3.10 May/17
Japan 2.80 Apr/17