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

The Greek seasonally adjusted unemployment rate rose slightly to 23.4 percent in August 2016 from 23.3 percent in July, as the number of unemployed increased by 0.1 percent while employment fell by 0.2 percent. A year earlier, the unemployment rate was recorded at 24.6 percent. Unemployment Rate in Greece averaged 15.49 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)
2016-09-08 09:00 AM Jun 23.4% 23.6% 23.4%
2016-10-06 09:00 AM Jul 23.2% 23.4% 23.3%
2016-11-10 10:00 AM Aug 23.4% 23.3% 23%
2016-12-08 10:00 AM Sep 23.4% 23.4%
2017-01-06 10:00 AM Oct
2017-02-10 10:00 AM Nov




Greek Jobless Rate Edges Up to 23.4% in August


The Greek seasonally adjusted unemployment rate rose slightly to 23.4 percent in August 2016 from 23.3 percent in July, as the number of unemployed increased by 0.1 percent while employment fell by 0.2 percent. A year earlier, the unemployment rate was recorded at 24.6 percent.

Compared to the previous month, the number of unemployed increased by 0.1 percent to 1,126.5 thousand persons while the number of employed fell 0.2 percent to 3,687.5 thousand. The number of inactive persons went up 0.1 percent to 3,228.4 thousand persons. 

A year earlier, the unemployment rate was recorded at 24.6 percent. The number of unemployed persons fell by 5 percent while employment rose by 1.6 percent. The number of inactive persons declined by 1.1 percent.

Unemployment affected mainly people aged 15 to 24 years old as 46.5 percent of young active population was unemployed, a decrease of 1.8 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 13.1 percent, respectively.

The unemployment rate for males decreased by 1.8 percentage points to 19.7 percent from 21.5 percent in August 2015 and for females it was down by a meager 0.5 percentage points to 28 percent when compared to 28.5 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.3 percent), Thessaly – Sterea Ellas (25 percent) and Macedonia-Thrace (25 percent), while Aegean recorded the lowest rate (19.5 percent), followed by Crete (22.2 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/10/2016 12:53:58 PM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.40 23.30 27.90 7.30 percent [+]
Employed Persons 3694.80 3715.50 4658.18 3438.10 Thousand [+]
Unemployed Persons 1121.70 1084.30 1384.92 335.56 Thousand [+]
Part Time Employment 364.30 351.70 364.30 158.68 Thousand [+]
Full Time Employment 3338.30 3254.60 4383.59 3153.50 Thousand [+]
Employment Rate 76.71 77.41 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.70 17.50 19.90 3.60 percent [+]
Youth Unemployment Rate 46.50 42.70 60.00 20.10 percent [+]
Labour Costs 87.60 90.90 107.40 48.50 Index Points [+]
Job Vacancies 15178.00 15367.00 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 0.50 -0.10 3.50 -2.70 percent [+]
Wages 1125.60 1121.58 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 93.20 87.60 108.10 70.90 Index Points [+]
Labor Force Participation Rate 52.20 52.04 53.70 51.00 percent [+]
Living Wage Family 1270.00 1260.00 1290.00 1260.00 EUR/Month [+]
Living Wage Individual 515.00 515.00 527.00 515.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
23.40 23.30 27.90 7.30 1998 - 2016 percent Monthly



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