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

The Greek seasonally adjusted unemployment rate declined to 23 percent in October 2016 from a downwardly 23.1 percent in the previous month. It was the lowest jobless rate since March 2012, as the number of unemployed decreased by 0.7 percent while employment edged down 0.2 percent. A year earlier, the unemployment rate was recorded at 24.5 percent. Unemployment Rate in Greece averaged 15.54 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)
2016-11-10 10:00 AM Aug 23.4% 23.3% 23%
2016-12-08 10:00 AM Sep 23.1% 23.3% 23.4%
2017-01-12 10:00 AM Oct 23.0% 23.1% 23%
2017-02-09 10:00 AM Nov 22.9%
2017-03-09 10:00 AM Dec 22.8%
2017-04-06 09:00 AM Jan 22.7%




Greek Jobless Rate At Fresh 4-1/2-Year Low Of 23%


The Greek seasonally adjusted unemployment rate declined to 23 percent in October 2016 from a downwardly 23.1 percent in the previous month. It was the lowest jobless rate since March 2012, as the number of unemployed decreased by 0.7 percent while employment edged down 0.2 percent. A year earlier, the unemployment rate was recorded at 24.5 percent.

Compared with the previous month, the number of unemployed decreased by 0.7 percent to 1,102.3 thousand while the number of employed went down by 0.2 percent to 3,688.4 thousand. The number of inactive persons increased by 0.4 percent to 3,245.5 thousand. 

A year earlier, the unemployment rate was recorded at 24.5 percent. The number of unemployed persons fell by 6.8 percent while employment rose by 1.4 percent. The number of inactive persons declined by 0.2 percent.

Unemployment affected mainly people aged 15 to 24 years old as 44.2 percent of young active population was unemployed, a decrease of 4.6 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 19.3 percent and 11.8 percent, respectively.

The unemployment rate for males decreased by 2.1 percentage points to 19.2 percent from 21.3 percent in October 2015 and for females it was down by 0.9 percentage points to 27.7 percent from 28.6 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.7 percent) and Thessaly – Sterea Ellas (24.6 percent), while Aegean Islands recorded the lowest rate (19.0 percent).

ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com
1/12/2017 10:23:40 AM



Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.00 23.10 27.90 7.30 percent [+]
Employed Persons 3694.70 3747.50 4658.20 3438.10 Thousand [+]
Unemployed Persons 1068.40 1060.70 1384.90 335.60 Thousand [+]
Part Time Employment 361.90 364.30 364.30 158.68 Thousand [+]
Full Time Employment 3374.80 3338.30 4383.59 3153.50 Thousand [+]
Employment Rate 77.57 77.94 93.28 71.29 percent [+]
Long Term Unemployment Rate 16.70 17.50 19.90 3.60 percent [+]
Youth Unemployment Rate 44.20 46.10 60.00 20.10 percent [+]
Labour Costs 79.70 87.60 107.40 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 10.86 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 0.20 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 99.50 93.20 108.10 70.90 Index Points [+]
Labor Force Participation Rate 52.40 52.20 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
23.00 23.10 27.90 7.30 1998 - 2016 percent Monthly



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United Arab Emirates 4.20 Dec/12
Germany 4.10 Nov/16
North Korea 4.10 Dec/14
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Myanmar 4.02 Dec/13
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