Greece Unemployment Rate  Forecast


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Unemployment Rate in Greece is expected to be 20.30 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 19.50 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 16.50 percent in 2020, according to our econometric models.


Greece Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 20.6 20.3 20 19.7 19.5 16.5
Employed Persons 3786 3680 3700 3720 3873 3990
Unemployed Persons 977 1040 1020 1000 949 950
Part Time Employment 374 378 380 382 369 396
Full Time Employment 3417 3380 3400 3420 3436 3550
Employment Rate 79.48 79.2 79.4 79.5 80.3 81.2
Long Term Unemployment Rate 16.3 16 15.8 15.6 13.5 12.9
Youth Unemployment Rate 40.2 44.8 44.4 44 35.15 38
Labour Costs 89.5 95.6 89 88.8 82.63 96.6
Job Vacancies 6315 9500 13242 14055 14149 16300
Minimum Wages 684 684 684 684 680 684
Population 10.76 10.76 10.67 10.67 10.67 10.56
Retirement Age Women 67 67 67 67 66 67
Retirement Age Men 67 67 67 67 66 67
Labor Force Participation Rate 52.4 52.2 52.2 52.5 52.42 53.2
Living Wage Family 1020 750 800 800 1017 1250
Living Wage Individual 580 490 572 572 572 690
Wages 1092 1115 1118 1120 1102 1145
Wages High Skilled 1600 1370 2092 2049 2006 1540
Wages Low Skilled 747 770 956 948 939 950
Productivity 93.1 93.8 91.2 93.8 95.91 95.6
Employment Change 0.8 0.4 0.4 0.4 0.21 0.5