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

The Greek seasonally adjusted unemployment rate came in at 23.1 percent in December 2016, unchanged from November's revised figure and down from 24.1 percent in December 2015. The jobless rate remained at its lowest level since March 2012, as the number of unemployed decreased by 0.2 percent from the previous month and employment fell 0.3 percent while the number of inactive persons rose 0.3 percent. Unemployment Rate in Greece averaged 15.66 percent from 1998 until 2016, 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 Reference Actual Previous Consensus Forecast (i)
2017-01-12 10:00 AM Oct 23.0% 23.1% 23%
2017-02-09 10:00 AM Nov 23.0% 23.0% 22.9%
2017-03-09 10:00 AM Dec 23.1% 23.1% 22.9%
2017-04-06 09:00 AM Jan 22.7%
2017-05-11 09:00 AM Feb 22.6%
2017-06-08 09:00 AM Mar 22.5%




Greek Unemployment Rate Steady At Nearly 5-Year Low


The Greek seasonally adjusted unemployment rate came in at 23.1 percent in December 2016, unchanged from November's revised figure and down from 24.1 percent in December 2015. The jobless rate remained at its lowest level since March 2012, as the number of unemployed decreased by 0.2 percent from the previous month and employment fell 0.3 percent while the number of inactive persons rose 0.3 percent.

Compared with the previous month, the number of unemployed decreased by 0.2 percent to 1.10 million while the number of employed fell by 0.3 percent to 3.66 million. Meanwhile, the number of inactive persons rose 0.3 percent to 3.27 million.

A year earlier, the unemployment rate was recorded at 24.1 percent. The number of unemployed persons fell by 5.2 percent while employment rose only by 0.3 percent. The number of inactive persons increased by 0.4 percent.

Unemployment contninued to affect mainly people aged 15 to 24, as 45.2 percent of young active population was unemployed, a decrease of 4.9 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 and 65 to 74 rose further to 19.4 percent and 13.2 percent, respectively.

The unemployment rate for males decreased by 1.4 percentage points to 19.5 percent in December and for females it was down by 0.6 percentage points to 27.6 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.8 percent), followed by Peloponnese, Western Greece and Ionian Islands (23.9 percent), Thessaly – Sterea Ellas (23.7 percent) and Macedonia-Thrace (23.7 percent); while Aegean Islands recorded the lowest rate (19.5 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/9/2017 10:20:47 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.10 23.10 27.90 7.30 percent [+]
Employed Persons 3659.80 3672.50 4610.90 3483.00 Thousand [+]
Unemployed Persons 1100.60 1102.90 1356.70 362.80 Thousand [+]
Part Time Employment 374.30 361.90 374.30 158.68 Thousand [+]
Full Time Employment 3274.30 3374.80 4383.59 3153.50 Thousand [+]
Employment Rate 76.42 76.24 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.70 16.70 19.90 3.60 percent [+]
Youth Unemployment Rate 45.20 45.70 60.00 20.10 percent [+]
Labour Costs 95.10 79.20 107.40 48.50 Index Points [+]
Job Vacancies 15689.00 15178.00 51613.00 3119.00 [+]
Minimum Wages 683.76 683.76 876.62 522.00 EUR/Month [+]
Population 10.78 10.86 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 0.20 0.60 3.50 -2.70 percent [+]
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 [+]
Productivity 93.60 99.50 108.10 70.90 Index Points [+]
Labor Force Participation Rate 51.88 52.40 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
23.10 23.10 27.90 7.30 1998 - 2016 percent Monthly



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New Zealand 5.20 Dec/16
Czech Republic 5.10 Feb/17
Azerbaijan 5.00 Dec/15
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United Kingdom 4.70 Jan/17
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Bangladesh 4.30 Dec/14
Hungary 4.30 Jan/17
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Denmark 4.20 Jan/17
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United Arab Emirates 4.20 Dec/12
North Korea 4.10 Dec/14
China 4.02 Dec/16
Myanmar 4.02 Dec/13
Cameroon 4.00 Dec/13
South Korea 4.00 Feb/17
Taiwan 3.83 Feb/17
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