Unemployment in Greece

Greece Unemployment | Economic News & Forecasts

Greece - Unemployment

Unemployment rate falls to new low in October

The number of unemployed decreased by 8,200 in October, according to the Hellenic Statistical Authority (EL.STAT.). The result followed the 11,300 decrease in unemployed seen in September.

The unemployment rate inched down from September’s 23.1% to 23.0% in October. October’s figure marked the lowest unemployment rate since March 2012 and was below that of the same month of the previous year (October 2015: 24.4%). Despite the improvements registered over the past year, Greece’s unemployment rate is still well above the Eurozone average.

FocusEconomics Consensus Forecast panelists expect unemployment to average 22.4% in 2017. For 2018, the panel expects the unemployment rate to average 21.2%.

Greece - Unemployment Data

2011  2012  2013  2014  2015  
Unemployment Rate17.9  24.6  27.5  26.6  25.0  

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Greece Unemployment Chart

Greece Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Service.

Greece Facts

Bond Yield7.040.0 %Jan 20
Exchange Rate1.070.63 %Jan 20
Stock Market639-0.52 %Jan 20

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