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

Unemployment Rate in Greece increased to 24.40 percent in January from 24.30 percent in December of 2015. Unemployment Rate in Greece averaged 15.16 percent from 1998 until 2016, reaching an all time high of 27.88 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.

Greece Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
24.40 24.30 27.88 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)
2016-02-11 10:00 AM Nov 24.6% 24.7% 24.4%
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 24.4% 24.4%
2016-06-09 09:10 AM Mar 24.3%
2016-07-07 09:00 AM Apr 24.3%

Greek Jobless Rate Edges Up in January


Greek unemployment rate increased slightly to 24.4 percent in January of 2016 compared to an upwardly revised 24.3 percent in the previous month. The number of unemployed increased by 3.5 thousand to 1.17 million people while employment declined by 25.2 thousand to 3.6 million. The jobless rate remains more than double the Eurozone's average of 10.3 percent in February.

Compared to the previous month, the number of unemployed edged up by 0.3 percent, to 1,169.1 thousand persons while the number of employed declined by 0.7 percent to 3,613.8 thousand. The number of inactive rose by 0.6 percent to 3,267.2 thousand persons. A year earlier, the unemployment rate was recorded at 25.9 percent. The number of unemployed persons fell by 5.1 percent while employment rose by 1.7 percent. The number of inactive persons declined by 1.2 percent.

Unemployment continued to affect mainly people aged 15 to 24 years as 51.9 percent of young active population was unemployed, a decrease of 1.4 percentage points from the same month in the previous year. Contrarily, the unemployment rate among people aged 45 to 54 rose further to 20.8 percent (from 20.1 percent), aged 55 to 64 to 18.3 percent (from 17.8 percent) and aged 65 to 74 to 12 percent (from 11.8 percent).

The unemployment rate for males decreased by 1.4 percentage points to 21.5 percent from 23 percent in January 2015 and for females it was down by a 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 Thessaly – Sterea Ellas (30.9 percent) and Epirus-Western Macedonia (27.9 percent), while Aegean continued to record the lowest rate (12.5 percent).

ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/7/2016 10:50:54 AM

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 24.40 24.30 27.88 7.30 percent [+]
Employed Persons 3548.15 3634.57 4658.18 3438.10 Thousand [+]
Unemployed Persons 1224.71 1177.13 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 74.34 75.54 93.28 71.29 percent [+]
Long Term Unemployment Rate 17.70 18.00 19.90 3.60 percent [+]
Youth Unemployment Rate 51.90 48.90 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 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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Taiwan 3.92 Mar/16
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