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

Greek unemployment rate decreased slightly to 24.5 percent in October of 2015 from 24.6 percent in the previous month. It remained at its lowest level since May of 2012, as the number of unemployed persons declined by 0.7 percent while the number of employed persons rose slightly by 0.1 percent. Unemployment Rate in Greece averaged 15 percent from 1998 until 2015, 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. 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
24.47 24.58 27.90 7.30 1998 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-12 10:00 AM Aug 24.6% 24.9% 25.1%
2015-12-10 10:00 AM Sep 24.6% 24.7% 24.4%
2016-01-07 10:00 AM Oct 24.5% 24.6% 24.5%
2016-02-11 10:00 AM Nov 24.5% 24.4%
2016-03-10 10:00 AM Dec 24.3%
2016-04-07 09:00 AM Jan 24.2%

Greek Jobless Rate Edges Down to 24.5% in October


Greek unemployment rate decreased slightly to 24.5 percent in October of 2015 from 24.6 percent in the previous month. It remained at its lowest level since May of 2012, as the number of unemployed persons declined by 0.7 percent while the number of employed persons rose slightly by 0.1 percent.

Compared to September 2015, the number of unemployed decreased by 0.7 percent to 1,175,903 persons while the number of employed rose slightly by 0.1 percent to 3,630,449 persons. The number of inactive decreased by 0.2 percent to 3,267,487 persons. A year earlier, the unemployment rate was recorded at 26 percent. The number of unemployed persons fell by 5.7 percent while employment rose by 2.4 percent. The number of inactive persons declined by 1.8 percent.

Unemployment continued to affect mainly people aged 15 to 24 years as 48.6 percent of young active population was unemployed. Meanwhile, the unemployment rate for males decreased by 2.2 percentage points to 21 percent from 23.2 percent in October 2014 and for females it was down by a slower 0.9 percentage points to 28.7 percent when compared to 29.6 percent last year.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.4 percent) and Thessaly – Sterea Ellas (27.3 percent), while Aegean recorded the lowest rate (14.7 percent).

Greece's economy contracted by 0.9 percent year-on-year, following five quarters of growth, and by 0.9 percent quarter-on-quarter in Q3, as investment and total consumption slumped. It is expected to continue to shrink in the fourth quarter of the year.

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/7/2016 10:37:20 AM

Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 24.47 24.58 27.90 7.30 percent [+]
Employed Persons 3637.11 3634.56 4658.18 3438.10 Thousand [+]
Unemployed Persons 1176.27 1184.54 1384.92 335.56 Thousand [+]
Part Time Employment 333.80 345.80 350.90 158.68 Thousand [+]
Full Time Employment 3337.30 3279.70 4383.59 3153.50 Thousand [+]
Employment Rate 75.56 75.42 93.28 71.29 percent [+]
Long Term Unemployment Rate 17.70 18.00 19.90 3.60 percent [+]
Youth Unemployment Rate 48.60 49.10 60.50 20.10 percent [+]
Labour Costs 76.70 87.40 115.20 49.50 Index Points [+]
Job Vacancies 12626.00 17000.00 51613.00 5325.00 [+]
Minimum Wages 683.76 683.76 876.62 522.00 EUR/Month [+]
Population 10.81 10.99 11.19 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 [+]
Productivity 99.50 95.10 108.10 70.90 Index Points [+]
Labor Force Participation Rate 52.30 51.90 53.70 51.00 percent [+]
Wages High Skilled 1400.00 1400.00 1400.00 1400.00 EUR/Month [+]




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