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

The Greek seasonally adjusted unemployment rate fell again to 21.7 percent in April from a downwardly revised 22 percent in the previous month and compared with 23.6 percent in April 2016. The jobless rate declined by the fourth straight month to the lowest since January of 2012, as the number of unemployed decreased 1.2 percent from the previous month to 1 million and employment rose 0.6 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 15.81 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)
2017-05-11 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 21.7% 22.0% 22.3%
2017-08-10 09:00 AM May 21.7% 22.2%
2017-09-07 09:00 AM Jun 22%
2017-10-05 09:00 AM Jul 21.9%




Greece Jobless Rate Lowest Since January 2012


The Greek seasonally adjusted unemployment rate fell again to 21.7 percent in April from a downwardly revised 22 percent in the previous month and compared with 23.6 percent in April 2016. The jobless rate declined by the fourth straight month to the lowest since January of 2012, as the number of unemployed decreased 1.2 percent from the previous month to 1 million and employment rose 0.6 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 12927 persons or 1.2 percent to 1.04 million and the number of employed rose by 23943 persons or 0.6 percent to 3.7 million. In addition, the number of inactive persons went down 0.4 percent to 3.23 million.

A year earlier, the unemployment rate was recorded at 23.6 percent. The number of unemployed persons fell by 8.2 percent while employment rose 2.2 percent. The number of inactive persons declined by 0.7 percent compared with April of 2016.

Unemployment continued to affect mostly people aged 15 to 24, as 45.5 percent of young active population was unemployed, a decrease of 4.4 percentage points from the same month in the previous year. Also, all age groups recorded a lower jobless rate when compared to a year earlier.

By genders, the unemployment rate for males fell by 1.6 percentage points to 18.2 percent in April and for females dropped by 2.1 percentage points to 26.2 percent.

Among regions, the highest unemployment rates were oserved for Epirus-Western Macedonia (27.8 percent), followed by Macedonia-Thrace (22.3 percent), Attica (21.9 percent), Peloponnese, Western Greece and Ionian Islands (21.8 percent), Thessaly-Sterea Ellas (21.6 percent); while Crete recorded the lowest rate (17.3 percent).

ELSTAT |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/6/2017 9:49:49 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 21.70 22.00 27.90 7.30 percent [+]
Employed Persons 3761.54 3669.20 4658.20 3438.10 Thousand [+]
Unemployed Persons 1027.14 1079.72 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 78.55 77.26 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.90 16.70 19.90 3.60 percent [+]
Youth Unemployment Rate 45.50 46.60 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 10.76 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 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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
21.70 22.00 27.90 7.30 1998 - 2017 percent Monthly
SA



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.30 May/17
Italy 11.30 May/17
Turkey 10.50 Apr/17
France 9.60 Mar/17
Euro Area 9.30 May/17
Canada 6.50 Jun/17
Australia 5.60 Jun/17
Indonesia 5.33 Mar/17
Russia 5.10 Jun/17
India 4.90 Dec/13
Netherlands 4.90 Jun/17
United Kingdom 4.50 May/17
United States 4.40 Jun/17
China 3.97 Mar/17
Germany 3.90 May/17
South Korea 3.80 Jun/17
Mexico 3.30 Jun/17
Japan 3.10 May/17
Switzerland 3.00 Jun/17