Greece Unemployment Rate  1998-2016 | Data | Chart | Calendar | Forecast

Greek unemployment rate decreased slightly to 24.2 percent in February of 2016 compared to 24.4 percent in the previous month. The number of unemployed reached 1.16 million people while employment rose to 3.63 million. A year earlier, the unemployment rate was recorded at 25.8 percent. Unemployment Rate in Greece averaged 15.22 percent from 1998 until 2016, reaching an all time high of 27.92 percent in July of 2013 and a record low of 7.30 percent in May of 2008. Unemployment Rate in Greece is reported by the National Statistical Service of Greece.

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Actual Previous Highest Lowest Dates Unit Frequency
24.22 24.39 27.92 7.30 1998 - 2016 percent Monthly
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-10 10:00 AM Dec 24% 24.4% 24.5%
2016-04-07 09:00 AM Jan 24.4% 24.3% 27.8%
2016-05-12 09:00 AM Feb 24.2% 24.4% 24.4%
2016-06-09 09:10 AM Mar 24.2% 24.2%
2016-07-07 09:00 AM Apr 24.1%
2016-08-04 09:00 AM May 24%

Greece Jobless Rate Slightly Down to 24.2% in February


Greek unemployment rate edged down to 24.2 percent in February of 2016 compared to 24.4 percent in the previous month. The number of unemployed reached 1.16 million people while employment rose to 3.63 million. A year earlier, the unemployment rate was recorded at 25.8 percent.

Compared to the previous month, the number of unemployed decreased by 0.6 percent to 1,158.7 thousand persons while the number of employed rose by 0.3 percent to 3,625.3 thousand. The number of inactive went up slightly by 0.2 percent to 3,277.1 thousand persons. A year earlier, the unemployment rate was recorded at 25.8 percent. The number of unemployed persons fell by 5.7 percent while employment rose by 2.4 percent. The number of inactive persons declined by 1.7 percent.

Unemployment affected mainly people aged 15 to 24 years as 51.4 percent of young active population was unemployed, a decrease of 0.4 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 25 to 34 and people aged 55 to 64 rose further.

The unemployment rate for males decreased by 2 percentage points to 20.6 percent from 22.6 percent in February and for females it was down by a much slower 1.1 percentage points to 28.7 percent when compared to 29.8 percent last year.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (28.7 percent), Thessaly – Sterea Ellas (27.6 percent) and Crete (26.9 percent), while Aegean continued to record the lowest rate (13.1 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/12/2016 10:24:27 AM

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 24.22 24.39 27.92 7.30 percent [+]
Employed Persons 3585.66 3548.15 4658.18 3438.10 Thousand [+]
Unemployed Persons 1180.23 1224.71 1384.92 335.56 Thousand [+]
Part Time Employment 342.40 333.80 350.90 158.68 Thousand [+]
Full Time Employment 3299.30 3337.30 4383.59 3153.50 Thousand [+]
Employment Rate 75.24 74.34 93.28 71.29 percent [+]
Long Term Unemployment Rate 18.10 17.70 19.90 3.60 percent [+]
Youth Unemployment Rate 51.40 51.90 60.50 20.10 percent [+]
Labour Costs 97.20 76.70 115.20 49.50 Index Points [+]
Job Vacancies 3119.00 12626.00 51613.00 3119.00 [+]
Minimum Wages 683.76 683.76 876.62 522.00 EUR/Month [+]
Population 10.86 10.93 11.12 8.30 Million [+]
Retirement Age Women 67.00 66.00 67.00 57.00 [+]
Retirement Age Men 67.00 66.00 67.00 57.00 [+]
Employment Change 0.30 0.60 3.50 -2.70 percent [+]
Wages 1107.47 1137.99 1462.20 939.14 EUR/Month [+]
Wages High Skilled 1400.00 1400.00 1400.00 1400.00 EUR/Month [+]
Productivity 91.50 99.50 108.10 70.90 Index Points [+]
Labor Force Participation Rate 52.20 52.30 53.70 51.00 percent [+]




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