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

Greek seasonally adjusted unemployment rate came in at 23.5 percent in May 2016, unchanged from the April rate and down from 25 percent a year earlier. The number of unemployed decreased by 0.2 percent from the previous month while employment fell at a faster 0.4 percent. Unemployment Rate in Greece averaged 15.36 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
23.52 23.48 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-09 09:00 AM Mar 24.1% 24.2% 24.2%
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 23.5% 23.4%
2016-10-06 09:00 AM Jul 23.3%
2016-11-10 10:00 AM Aug 23.2%

Greek Jobless Rate Steady at 23.5% in May


Greek seasonally adjusted unemployment rate came in at 23.5 percent in May 2016, unchanged from the April rate and down from 25 percent a year earlier. The number of unemployed decreased by 0.2 percent from the previous month while employment fell at a faster 0.4 percent.

Compared to the previous month, the number of unemployed decreased by 0.2 percent to 1,123.5 thousand persons while the number of employed fell at a faster 0.4 percent to 3,653.8 thousand. The number of inactive went up 0.5 percent to 3,274.4 thousand persons. A year earlier, the unemployment rate was recorded at 25 percent. The number of unemployed persons fell by 6.2 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 50.3 percent of young active population was unemployed, an increase of 0.3 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.

The unemployment rate for males decreased by 2.5 percentage points to 19.5 percent from 22 percent in May 2015 and for females it was down by a meager 0.1 percentage points to 28.5 percent when compared to 28.6 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.7 percent), Thessaly – Sterea Ellas (26.1 percent) and Macedonia-Thrace (25.1 percent), while Crete recorded the lowest rate (21.2 percent), followed by Aegean (21.8 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/4/2016 10:27:43 AM

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.52 23.48 27.89 7.30 percent [+]
Employed Persons 3670.41 3650.46 4658.18 3438.10 Thousand [+]
Unemployed Persons 1116.57 1125.66 1384.92 335.56 Thousand [+]
Part Time Employment 351.70 342.40 351.70 158.68 Thousand [+]
Full Time Employment 3254.60 3299.30 4383.59 3153.50 Thousand [+]
Employment Rate 76.67 76.43 93.28 71.29 percent [+]
Long Term Unemployment Rate 17.50 18.10 19.90 3.60 percent [+]
Youth Unemployment Rate 50.30 47.40 60.00 20.10 percent [+]
Labour Costs 91.30 97.20 115.20 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 0.30 0.60 3.50 -2.70 percent [+]
Wages 1116.23 1169.71 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 87.60 91.50 108.10 70.90 Index Points [+]
Labor Force Participation Rate 52.04 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 [+]




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