Greece Unemployment May 2017

Greece

Greece: Unemployment rate inches down in May

August 10, 2017

The number of unemployed fell by 5,490 in May compared with a decrease of 13,000 in April, according to the Hellenic Statistical Authority (EL.STAT).

The unemployment rate inched down from April’s revised 21.8% (previously reported: 21.7%) to 21.7%, a multi-year 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 21.1%.


Author:, Economist

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Greece Unemployment Chart


Greece Unemployment May 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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