Greece Unemployment February 2017


Greece: Unemployment rate inches down in February

May 11, 2017

The number of unemployed in Greece decreased by 6,900 in February, according to the Hellenic Statistical Authority (EL.STAT.). The result followed the 2,100 fall in people unemployed seen in January.

The unemployment rate inched down from January’s 23.3% to 23.2%, a five-month low. While the unemployment rate has fallen notably in past years, it 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 21.0%.

Author: Angela Bouzanis, Senior Economist

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Greece Unemployment Chart

Greece Unemployment February 2017

Note: Month-on-month variation of unemployed people in thousands and unemployment rate in %.
Source: Hellenic Statistical Authority (EL.STAT).

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