Greece Unemployment Rate  Forecast 2016-2020

Unemployment Rate in Greece is expected to be 22.50 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 21.70 in 12 months time. In the long-term, the Greece Unemployment Rate is projected to trend around 19.80 percent in 2020, according to our econometric models.

Greece Unemployment Rate
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Unemployment Rate 22.5 22.5 22.2 21.9 21.7 19.8 percent
Greece Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Greece Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Greece Unemployment Rate - was last predicted on Monday, June 26, 2017.
Greece Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 22.5 22.5 22.2 21.9 21.7 19.8
Employed Persons 3669 3640 3670 3680 3700 3990
Unemployed Persons 1080 1080 1060 1040 1020 950
Part Time Employment 385 376 377 378 380 396
Full Time Employment 3274 3330 3360 3380 3400 3550
Employment Rate 77.26 78.8 79 79.2 79.4 81.2
Long Term Unemployment Rate 16.9 16.5 16.2 16 15.8 12.9
Youth Unemployment Rate 46.6 45.8 45.2 44.8 44.4 38
Labour Costs 88.8 88.6 79.5 95.6 89 96.6
Job Vacancies 6315 15400 12700 9500 11076 16300
Minimum Wages 684 684 684 684 684 684
Population 10.78 10.62 10.58 10.54 10.54 10.34
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Employment Change 1 0.3 0.3 0.4 0.4 0.5
Productivity 90.2 93.6 99.8 93.8 91.2 95.6
Wages 1092 1107 1110 1115 1118 1145
Wages High Skilled 1370 1320 1370 1370 1418 1540
Wages Low Skilled 786 720 770 770 810 950
Labor Force Participation Rate 51.9 52 52 52.2 52.2 53.2
Living Wage Family 623 700 750 750 800 1250
Living Wage Individual 475 475 490 490 471 690