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

The Greek seasonally adjusted unemployment rate dropped to 21.2 percent in June 2017 from a downwardly revised 21.5 percent in the previous month and compared with 23.5 percent in June 2016. It is the lowest jobless rate since December 2011, as the number of unemployed declined by 1.3 percent to 1.02 million from the previous month and employment rose by 0.4 percent to 3.78 million. Still, Greek unemployment rate remains more than double the Eurozone's average. Unemployment Rate in Greece averaged 15.88 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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Greek Jobless Rate Falls to a Fresh 5-1/2-Year Low of 21.2%


The Greek seasonally adjusted unemployment rate dropped to 21.2 percent in June 2017 from a downwardly revised 21.5 percent in the previous month and compared with 23.5 percent in June 2016. It is the lowest jobless rate since December 2011, as the number of unemployed declined by 1.3 percent to 1.02 million from the previous month and employment rose by 0.4 percent to 3.78 million. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with May, the number of unemployed decreased by 1.3 percent to 1.02 million and the number of employed rose by 0.4 percent to 3.78 million. Meanwhile, the number of inactive persons went down slightly to 3.22 million.

A year earlier, the unemployment rate was recorded at 23.5 percent. The number of unemployed persons fell by 10.2 percent while employment grew by 2.4 percent. The number of inactive persons dropped by 0.2 percent year-on-year.

Unemployment continued to hit mostly people aged 15 to 24, as 43.3 percent of young inactive population was unemployed, a decrease of 3.2 percentage points from the same month in the previous year. In June, all age groups recorded a lower jobless rate when compared to a year earlier.

The unemployment rate for males declined by 1.9 percentage points to 17.9 percent in June and for females it was down by 2.7 percentage points to 25.3 percent. 

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.9 percent), followed by Macedonia-Thrace (22.6 percent) and Attica (21.3 percent); while Crete recorded the lowest rate (17.4 percent).

ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/7/2017 9:44:57 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-06 09:00 AM Unemployment Rate 21.7% 22.0% 22.3%
2017-08-10 09:00 AM Unemployment Rate 21.7% 21.8% 21.5%
2017-09-07 09:00 AM Unemployment Rate 21.2% 21.5% 22%
2017-10-05 09:00 AM Unemployment Rate 21.2% 21.9%
2017-11-09 10:00 AM Unemployment Rate 21.7%
2017-12-07 10:00 AM Unemployment Rate 21.6%


Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 21.20 21.50 27.90 7.30 percent [+]
Employed Persons 3834.80 3754.60 4658.20 3438.10 Thousand [+]
Unemployed Persons 961.00 1036.60 1384.90 335.60 Thousand [+]
Part Time Employment 374.30 385.20 385.20 158.68 Thousand [+]
Full Time Employment 3417.10 3274.10 4383.59 3153.50 Thousand [+]
Employment Rate 79.96 78.36 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.30 16.90 19.90 3.60 percent [+]
Youth Unemployment Rate 43.30 44.40 60.00 20.10 percent [+]
Labour Costs 89.50 88.80 107.40 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 10.76 10.78 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 0.80 1.00 3.60 -2.80 percent [+]
Productivity 93.10 90.20 108.10 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 52.40 51.90 53.70 51.00 percent [+]
Living Wage Family 623.00 615.00 623.00 601.20 EUR/Month [+]
Living Wage Individual 474.60 468.80 474.60 460.60 EUR/Month [+]


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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
21.20 21.50 27.90 7.30 1998 - 2017 percent Monthly
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unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.80 Jul/17
Italy 11.30 Jul/17
Turkey 10.20 Jun/17
France 9.50 Jun/17
Euro Area 9.10 Jul/17
Canada 6.20 Aug/17
Australia 5.60 Aug/17
Indonesia 5.33 Mar/17
India 4.90 Dec/13
Russia 4.90 Aug/17
Netherlands 4.70 Aug/17
United States 4.40 Aug/17
United Kingdom 4.30 Jul/17
China 3.95 Jun/17
South Korea 3.80 Aug/17
Germany 3.70 Jul/17
Mexico 3.50 Aug/17
Switzerland 3.00 Aug/17
Japan 2.80 Jul/17