The seasonally adjusted unemployment rate in Greece decreased to 16.8 percent in August of 2020 from an upwardly revised 17 percent in the previous month, the lowest since April. The number of unemployed people fell by 13,914 from July, or 1.8 percent to 771.3 thousand and employment went down by 18,159, or 0.5 percent to 3.821 million. Across the country's regions, the highest rates were recorded in Crete (20.1 percent), Peloponnese, Western Greece & Ionian Islands (19.2 percent), Epirus-Western Macedonia (19.1 percent) and Macedonia-Thrace (18.7 percent). source: National Statistical Service of Greece

Unemployment Rate in Greece averaged 16.29 percent from 1998 until 2020, 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 November of 2020.

Unemployment Rate in Greece is expected to be 20.00 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 18.20 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 17.40 percent in 2021 and 16.00 percent in 2022, according to our econometric models.

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Greece Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.80 17.00 27.90 7.40 1998 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-06 09:00 AM May 17% 15.7% 16.1%
2020-09-10 09:00 AM Jun 18.3% 17.3% 18.2%
2020-10-08 09:00 AM Jul 16.8% 18% 18.7%
2020-11-05 10:00 AM Aug 16.8% 17% 17.4%
2020-12-10 10:00 AM Sep 16.8% 19.9%
2021-01-08 10:00 AM Oct
2021-02-05 10:00 AM Nov
2021-03-05 10:00 AM Dec


News Stream
Greek Jobless Rate Falls to 4-Month Low
The seasonally adjusted unemployment rate in Greece decreased to 16.8 percent in August of 2020 from an upwardly revised 17 percent in the previous month, the lowest since April. The number of unemployed people fell by 13,914 from July, or 1.8 percent to 771.3 thousand and employment went down by 18,159, or 0.5 percent to 3.821 million. Across the country's regions, the highest rates were recorded in Crete (20.1 percent), Peloponnese, Western Greece & Ionian Islands (19.2 percent), Epirus-Western Macedonia (19.1 percent) and Macedonia-Thrace (18.7 percent).
2020-11-05
Greek Jobless Rate Drops from 15-Month High
Greece's unemployment rate decreased to 16.8 percent in July of 2020 from a downwardly revised 18 percent in the previous month, which was he highest since March. Although in July the suspension of the operation of businesses that had been applied in the past months, in the context of the measures taken to protect public health and tackle the COVID-19 pandemic, were lifted, specific regulatory measures were implemented regarding the operation of businesses, which affected the functioning of the market. The number of unemployed people fell by 69,395 from June, or 8.2 percent, to 773.6 thousand, while employment rose by 10,700, or 0.3 percent, to 3.844 million. By region, the highest rates were recorded in Crete (20.9 percent), Epirus-Western Macedonia (20.2 percent), Peloponnese, Western Greece & Ionian Islands (19.6 percent) and Aegean Islands (19.6 percent).
2020-10-08
Greece Unemployment Rate Rises to 18.3%
The jobless rate in Greece jumped to 18.3 percent in June of 2020 from 17.3 percent in July, reaching the highest since February of 2019, as the labour market continues to be affected by the coronavirus pandemic. The number of unemployed rose by 58,146 persons to 836.6 thousand while those employed went up by 11,640 to 3.744 million. Those inactive declined by 72,265 to 3.3 million.
2020-09-10
Greek Jobless Rate Rises to 10-Month High of 17%
Greece's unemployment rate rose to 17 percent in May of 2020 from an upwardly revised 15.7 percent in the previous month, the highest since July of 2019. Due to the measures taken to protect public health and tackle the COVID-19 pandemic, the labour market was affected because of the suspension of the operation of businesses in many sectors of the economy, mainly in the service sector, and the limitations in the population movements. The number of unemployed people increased by 48,444 from April, or 6.8 percent, to 764.9 thousand, while employment fell by 128,924, or 3.3 percent, to 3.729 million. By region, the highest rates were recorded in Crete (23.1 percent), Aegean Islands (22.1 percent), Thessaly – Sterea Ellas (18 percent) and Macedonia-Thrace (17.5 percent).
2020-08-06

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.