Greece Unemployment October 2017

Greece

Greece: Unemployment rate inches down in October

January 11, 2018

The number of unemployed fell by 4,528 in October from the previous month and by 123,054 compared with October 2016, according to recent data released by the Hellenic Statistical Authority (EL.STAT).

Accordingly, the unemployment rate fell from September’s revised 20.8% (previously reported: 20.6%) to 20.7% in October, 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 the unemployment rate to average 20.0% in 2018. For 2019, the panel expects the unemployment rate to average 18.8%.


Author: Angela Bouzanis, Lead Economist

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Greece Unemployment Chart


Greece Unemployment October 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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