Greece Youth Unemployment Rate  Forecast


Youth Unemployment Rate in Greece is expected to be 45.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Greece to stand at 44.00 in 12 months time. In the long-term, the Greece Youth Unemployment Rate is projected to trend around 38.00 percent in 2020, according to our econometric models.

Greece Youth Unemployment Rate
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Greece Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 21.2 21.6 21.3 21 20.7 18.8
Employed Persons 3835 3670 3680 3700 3720 3990
Unemployed Persons 961 1060 1040 1020 1000 950
Part Time Employment 374 377 378 380 382 396
Full Time Employment 3417 3360 3380 3400 3420 3550
Employment Rate 79.96 79 79.2 79.4 79.5 81.2
Long Term Unemployment Rate 16.3 16.2 16 15.8 15.6 12.9
Youth Unemployment Rate 43.3 45.2 44.8 44.4 44 38
Labour Costs 89.5 79.5 95.6 89 88.8 96.6
Job Vacancies 6315 12700 9500 11076 11513 16300
Minimum Wages 684 684 684 684 684 684
Population 10.76 10.76 10.76 10.67 10.67 10.56
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Employment Change 0.8 0.3 0.4 0.4 0.4 0.5
Productivity 93.1 99.8 93.8 91.2 93.8 95.6
Wages 1092 1110 1115 1118 1120 1145
Wages High Skilled 1370 1370 1370 1418 1418 1540
Wages Low Skilled 786 770 770 810 810 950
Labor Force Participation Rate 52.4 52 52.2 52.2 52.5 53.2
Living Wage Family 623 750 750 800 800 1250
Living Wage Individual 475 490 490 468 467 690