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

Greek seasonally adjusted unemployment rate declined to 23.4 percent in June 2016, following an upwardly revised 23.6 percent in May and below 24.9 percent a year earlier. It was the lowest figure since March of 2012, as the number of unemployed decreased by 0.6 percent from the previous month while employment increased 0.4 percent. Unemployment Rate in Greece averaged 15.41 percent from 1998 until 2016, reaching an all time high of 27.89 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
23.40 23.60 27.89 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-07 09:00 AM Apr 23.3% 23.7% 24%
2016-08-04 09:00 AM May 23.5% 23.5% 23%
2016-09-08 09:00 AM Jun 23.4% 23.6% 23.4%
2016-10-06 09:00 AM Jul 23.4% 23.4%
2016-11-10 10:00 AM Aug 23.2%
2016-12-08 10:00 AM Sep 23.1%

Greek Jobless Rate at Fresh 4-Year Low in June


Greek seasonally adjusted unemployment rate declined to 23.4 percent in June 2016, following an upwardly revised 23.6 percent in May and below 24.9 percent a year earlier. It was the lowest figure since March of 2012, as the number of unemployed decreased by 0.6 percent from the previous month while employment increased 0.4 percent.

Compared to the previous month, the number of unemployed decreased by 0.6 percent to 1,124.5 thousand persons while the number of employed increased 0.4 percent to 3,674.9 thousand. The number of inactive went down 0.3 percent to 3,249 thousand persons. A year earlier, the unemployment rate was recorded at 24.9 percent. The number of unemployed persons fell by 6.1 percent while employment rose by 1.7 percent. The number of inactive persons declined by 0.8 percent.

Unemployment affected mainly people aged 15 to 24 years as 47.7 percent of the young active population was unemployed, while decreased 0.5 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.

The unemployment rate for males decreased by 2 percentage points to 19.8 percent from 21.8 percent in June 2015, and for females it was down by 1  percentage points to 27.8 percent when compared to 28.8 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.8 percent), Thessaly – Sterea Ellas (25.8 percent) and Peloponnese, Western Greece and Ionian Islands (23.8 percent), while Aegean recorded the lowest rate (18.8 percent).

ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com
9/8/2016 10:37:09 AM

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.40 23.60 27.89 7.30 percent [+]
Employed Persons 3731.05 3670.41 4658.18 3438.10 Thousand [+]
Unemployed Persons 1086.89 1116.57 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 77.44 76.67 93.28 71.29 percent [+]
Long Term Unemployment Rate 17.50 18.10 19.90 3.60 percent [+]
Youth Unemployment Rate 47.70 50.30 60.00 20.10 percent [+]
Labour Costs 87.60 91.30 115.20 49.50 Index Points [+]
Job Vacancies 15367.00 3119.00 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 1127.43 1116.48 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 [+]




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