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

The Greek seasonally adjusted unemployment rate came in at 23.5 percent in January 2017, unchanged from December's revised figure and down from 24.3 percent in January 2016. The number of unemployed decreased by 0.2 percent from the previous month to 1.1 million and employment fell 0.2 percent to 3.6 million while the number of inactive persons rose 0.2 percent to 3.27 million. Unemployment Rate in Greece averaged 15.71 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)
2017-02-09 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 23.5% 23.5% 23%
2017-05-11 09:00 AM Feb 23.5% 22.9%
2017-06-08 09:00 AM Mar 22.8%
2017-07-06 09:00 AM Apr 22.7%




Greek Jobless Rate Steady At 23.5% In January


The Greek seasonally adjusted unemployment rate came in at 23.5 percent in January 2017, unchanged from December's revised figure and down from 24.3 percent in January 2016. The number of unemployed decreased by 0.2 percent from the previous month and employment fell 0.2 percent while the number of inactive persons rose 0.2 percent.

Compared with the previous month, the number of unemployed decreased by 0.2 percent to 1.116 million while the number of employed fell by 0.2 percent to 3.639 million. Meanwhile, the number of inactive persons rose 0.2 percent to 3.27 million.

A year earlier, the unemployment rate was recorded at 24.3 percent. The number of unemployed persons fell by 4.1 percent while employment rose only 0.2 percent. The number of inactive persons increased by 0.1 percent.

Unemployment contninued to affect mainly people aged 15 to 24, as 48 percent of young active population was unemployed, a decrease of 2.9 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 rose further to 20.2 percent from 19.2 percent.

The unemployment rate for males decreased by 0.9 percentage points to 19.9 percent in January and for females it was down by 0.7 percentage points to 27.9 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.4 percent), followed by Macedonia-Thrace (24.6 percent); Thessaly – Sterea Ellas (24.3 percent); Peloponnese, Western Greece and Ionian Islands (24.1 percent); while Aegean Islands recorded the lowest rate (19.6 percent).

ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/6/2017 9:18:38 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.50 23.50 27.90 7.30 percent [+]
Employed Persons 3603.40 3637.44 4658.20 3438.10 Thousand [+]
Unemployed Persons 1136.20 1122.55 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 76.03 76.42 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.70 16.70 19.90 3.60 percent [+]
Youth Unemployment Rate 48.00 45.20 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 -0.90 0.30 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 51.90 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
23.50 23.50 27.90 7.30 1998 - 2017 percent Monthly



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Belgium 7.00 Feb/17
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Canada 6.70 Mar/17
Swaziland 6.70 Dec/13
Burkina Faso 6.60 Dec/14
Estonia 6.60 Dec/16
Malawi 6.60 Dec/13
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Philippines 6.60 Mar/17
Chile 6.40 Feb/17
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Luxembourg 6.00 Mar/17
Pakistan 5.90 Dec/15
Australia 5.88 Mar/17
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Cayman Islands 5.60 Dec/15
Chad 5.60 Dec/13
Panama 5.60 Dec/16
Romania 5.40 Feb/17
Russia 5.40 Mar/17
Ivory Coast 5.30 Dec/13
Ecuador 5.20 Dec/16
Ghana 5.20 Dec/13
New Zealand 5.20 Dec/16
Netherlands 5.10 Mar/17
Azerbaijan 5.00 Dec/15
India 4.90 Dec/13
Kazakhstan 4.90 Mar/17
Czech Republic 4.80 Mar/17
United Kingdom 4.70 Feb/17
Seychelles 4.50 Dec/16
United States 4.50 Mar/17
Hungary 4.40 Feb/17
Trinidad and Tobago 4.40 Jun/16
Bangladesh 4.30 Dec/14
Denmark 4.30 Feb/17
Israel 4.30 Feb/17
Malta 4.20 Dec/16
Norway 4.20 Jan/17
Sri Lanka 4.20 Dec/16
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
Germany 3.90 Feb/17
Taiwan 3.84 Mar/17
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Bahrain 3.70 Dec/12
South Korea 3.70 Mar/17
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