The Greek seasonally adjusted unemployment rate dropped to 18.6 percent in September of 2018 from 18.9 percent in the previous month. It was the lowest jobless rate since July 2011. Unemployment Rate in Greece averaged 16.19 percent from 1998 until 2018, 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.

Unemployment Rate in Greece is expected to be 17.90 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 16.50 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 15.10 percent in 2020, according to our econometric models.

Greece Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-06 09:00 AM Unemployment Rate 19.1% 19.3% 19%
2018-10-11 09:00 AM Unemployment Rate 19% 19.1% 18.7%
2018-11-08 10:00 AM Unemployment Rate 18.9% 19.1% 18.5%
2018-12-06 10:00 AM Unemployment Rate 18.6% 18.9% 18.4%
2019-01-10 10:00 AM Unemployment Rate
2019-02-08 10:00 AM Unemployment Rate
2019-03-08 10:00 AM Unemployment Rate 17.9%



Greek Jobless Rate at Over 7-Year Low of 18.6%



The Greek seasonally adjusted unemployment rate dropped to 18.6 percent in September of 2018 from 18.9 percent in the previous month. It was the lowest jobless rate since July 2011.

Compared with the previous month, the number of unemployed declined by 1.1 percent to 887.0 thousand while the number of employed persons increased by 0.5 percent to 3.88 million.

A year ago, the jobless rate was recorded at 20.8 percent. The number of unemployed persons fell by 11.1 percent while employment rose by 2.3 percent.

Unemployment declined for most of the age groups but continues to hit more young people aged 15-24 years (36.6 percent from 40.5 percent in September 2017) and the 24-34 age group (24.3 percent from 25.2 percent). Lower rates were also observed in the 35-44 age group (16.7 percent from 19.1 percent); the 45-54 age group (15.6 percent from 16.9 percent); the 55-64 age group (14.1 percent from 17.7 percent) and the 65-74 age group (9.9 percent from 12.8 percent).

By genders, the unemployment rate was lower for men (14.8 percent from 17.1 percent) than for women (23.4 percent from 25.6 percent).

Across the country's regions, the lowest jobless rates were registered in Crete (12.2 percent), Thessaly – Sterea Ellas (18.3 percent) and Peloponnese, Western Greece & Ionian Islands (18.5 percent). In contrast, Epirus-Western Macedonia recorded the highest rate (23.4 percent).


ELSTAT | Agna Gabriel | agna.gabriel@tradingeconomics.com
12/6/2018 10:23:50 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.60 18.90 27.90 7.30 percent [+]
Employed Persons 3932.34 3860.66 4658.20 3438.10 Thousand [+]
Unemployed Persons 837.10 895.87 1384.90 335.60 Thousand [+]
Part Time Employment 362.50 357.40 385.20 158.68 Thousand [+]
Full Time Employment 3497.90 3366.30 4383.59 3153.50 Thousand [+]
Employment Rate 82.45 81.17 93.28 71.29 percent [+]
Long Term Unemployment Rate 13.70 14.50 19.90 3.60 percent [+]
Youth Unemployment Rate 36.60 36.80 60.30 20.00 percent [+]
Labour Costs 78.30 90.00 107.40 48.50 Index Points [+]
Job Vacancies 14466.00 14351.00 51613.00 2825.00 [+]
Minimum Wages 683.76 683.76 876.62 522.00 EUR/Month [+]
Population 10.74 10.77 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 [+]
Labor Force Participation Rate 52.10 51.60 53.70 51.00 percent [+]
Living Wage Family 1070.00 1080.00 1080.00 1030.00 EUR/Month [+]
Living Wage Individual 595.00 600.00 600.00 555.00 EUR/Month [+]
Wages 1060.45 1073.07 1462.20 939.14 EUR/Month [+]
Wages High Skilled 1510.00 1590.00 1710.00 1510.00 EUR/Month [+]
Wages Low Skilled 717.00 868.00 913.00 717.00 EUR/Month [+]
Productivity 98.50 93.20 108.10 70.90 Index Points [+]
Employment Change 0.80 0.40 3.50 -2.70 percent [+]


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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18.60 18.90 27.90 7.30 1998 - 2018 percent Monthly
SA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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