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

The Greek seasonally adjusted unemployment rate fell to 23.2 percent in February 2017 from a downwardly revised 23.3 percent in the previous month and compared with 23.9 percent in February 2016. The jobless rate reached its lowest level since September last year, as the number of unemployed decreased by 0.6 percent from the previous month to 1.1 million and employment rose by 0.2 percent to 3.7 million. Still, Greek unemployment rate remains more than double the Eurozone's average. Unemployment Rate in Greece averaged 15.75 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-09 10:00 AM Dec 23.1% 23.1% 22.9%
2017-04-06 09:00 AM Jan 23.5% 23.5% 23%
2017-05-11 09:00 AM Feb 23.2% 23.3% 23.4%
2017-06-08 09:00 AM Mar 23.2% 22.8%
2017-07-06 09:00 AM Apr 22.7%
2017-08-10 09:00 AM May 22.6%




Greek Unemployment Rate Falls To 23.2% In February


The Greek seasonally adjusted unemployment rate fell to 23.2 percent in February 2017 from a downwardly revised 23.3 percent in the previous month and compared with 23.9 percent in February 2016. The jobless rate reached its lowest level since September last year, as the number of unemployed decreased by 0.6 percent from the previous month to 1.1 million and employment rose by 0.2 percent to 3.7 million. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with the previous month, the number of unemployed decreased by 0.6 percent to 1.10 million and the number of employed rose by 0.2 percent to 3.66 million. Meanwhile, the number of inactive persons edged down 0.1 percent to 3.26 million.

A year earlier, the unemployment rate was recorded at 23.9 percent. The number of unemployed persons fell by 3.8 percent while employment rose by only 0.2 percent. The number of inactive persons was nearly unchanged compared with February 2016.

Unemployment contninued to affect mainly people aged 15 to 24, as 47.9 percent of young active population was unemployed, a decrease of 2.7 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 65 to 74 rose further by 3.6 percentage points to 14.8 percent.

The unemployment rate for males decreased by 0.6 percentage points to 19.7 percent in February and for females it was down by 0.9 percentage points to 27.5 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.6 percent), followed by Thessaly – Sterea Ellas (24 percent) and Peloponnese, Western Greece and Ionian Islands (23.8 percent); while Aegean Islands recorded the lowest rate (17.7 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/11/2017 9:49:06 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.20 23.30 27.90 7.30 percent [+]
Employed Persons 3627.20 3603.40 4658.20 3438.10 Thousand [+]
Unemployed Persons 1141.50 1136.16 1384.90 335.60 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 76.06 76.03 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.90 16.70 19.90 3.60 percent [+]
Youth Unemployment Rate 47.90 48.00 60.00 20.10 percent [+]
Labour Costs 95.10 79.20 107.40 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 10.78 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 -0.90 0.30 3.50 -2.70 percent [+]
Productivity 93.60 99.50 108.10 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 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
23.20 23.30 27.90 7.30 1998 - 2017 percent Monthly



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.70 Mar/17
Turkey 12.60 Feb/17
Italy 11.70 Mar/17
France 9.60 Mar/17
Euro Area 9.50 Mar/17
Canada 6.50 Apr/17
Australia 5.70 Apr/17
Indonesia 5.33 Mar/17
Russia 5.30 Apr/17
Netherlands 5.10 Apr/17
India 4.90 Dec/13
United Kingdom 4.60 Mar/17
United States 4.40 Apr/17
South Korea 4.00 Apr/17
China 3.97 Mar/17
Germany 3.90 Mar/17
Switzerland 3.30 Apr/17
Mexico 3.19 Mar/17
Japan 2.80 Mar/17