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

The Greek seasonally adjusted unemployment rate edged down to 21.7 percent in May 2017 from an upwardly revised 21.8 percent in the previous month and compared with 23.6 percent in May 2016. It was the lowest jobless rate since January 2012, as the number of unemployed decreased by 0.5 percent from the previous month to 1.04 million and employment rose by 0.1 percent to 3.74 million. Still, Greek unemployment rate remains more than double the Eurozone's average. Unemployment Rate in Greece averaged 15.85 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 Unemployment Rate Lowest Since 2012


The Greek seasonally adjusted unemployment rate edged down to 21.7 percent in May 2017 from an upwardly revised 21.8 percent in the previous month and compared with 23.6 percent in May 2016. It was the lowest jobless rate since January 2012, as the number of unemployed decreased by 0.5 percent from the previous month to 1.04 million and employment rose by 0.1 percent to 3.74 million. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with the previous month, the number of unemployed decreased by 0.5 percent to 1.04 million and the number of employed rose by 0.1 percent to 3.74 million. Meanwhile, the number of inactive persons was unchanged at 3.24 million.

A year earlier, the unemployment rate was recorded at 23.6 percent. The number of unemployed persons fell by 8.8 percent while employment grew by 2.1 percent. The number of inactive persons declined by 0.4 percent year-on-year.

Unemployment continued to affect mainly people aged 15 to 24, as 44.4 percent of young active population was unemployed, a decrease of 5.3 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 55 to 64 rose further by 1.3 percentage points to 19.8 percent.

The unemployment rate for males decreased by 1.7 percentage points to 18.1 percent in May and for females it was down by 2.3 percentage points to 26.1 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.4 percent), followed by Macedonia-Thrace (22.3 percent) and Attica (22.1 percent); while Aegean Islands recorded the lowest rate (16.3 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/10/2017 10:14:04 AM



Calendar GMT Actual Previous Consensus Forecast (i)
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% 21.8% 21.5%
2017-09-07 09:00 AM Jun 21.7% 22%
2017-10-05 09:00 AM Jul 21.9%
2017-11-09 10:00 AM Aug 21.7%


Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 21.70 21.80 27.90 7.30 percent [+]
Employed Persons 3754.60 3761.54 4658.20 3438.10 Thousand [+]
Unemployed Persons 1036.60 1027.14 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 78.36 78.55 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.30 16.90 19.90 3.60 percent [+]
Youth Unemployment Rate 44.40 45.50 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 623.00 615.00 623.00 601.20 EUR/Month [+]
Living Wage Individual 474.60 468.80 474.60 460.60 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
21.70 21.80 27.90 7.30 1998 - 2017 percent Monthly
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unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 13.00 Jun/17
Italy 11.10 Jun/17
Turkey 10.20 May/17
France 9.50 Jun/17
Euro Area 9.10 Jun/17
Canada 6.30 Jul/17
Australia 5.60 Jul/17
Indonesia 5.33 Mar/17
Russia 5.10 Jul/17
India 4.90 Dec/13
Netherlands 4.80 Jul/17
United Kingdom 4.40 Jun/17
United States 4.30 Jul/17
China 3.95 Jun/17
Germany 3.80 Jun/17
South Korea 3.60 Jul/17
Mexico 3.30 Jun/17
Switzerland 3.00 Jul/17
Japan 2.80 Jun/17