Unemployment in Greece
Greece - Unemployment
Unemployment rate dips to near eight-year low in April
The number of unemployed workers declined by 26,925 in April compared to March while the seasonally-adjusted unemployment rate fell to 17.6% from 18.2% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT). April’s reading was the lowest since June 2011 and below that of the same month in 2018 (April 2018: 19.8%).
Greece’s unemployment rate has fallen steadily in recent years, since peaking at around 28% in the summer of 2013. However, it remains the highest in the Eurozone by far.
Meanwhile, youth unemployment—categorized by individuals between the ages of 15-24—came in at 30.4% in April, below March’s 2018’s 40.3%.
FocusEconomics Consensus Forecast panelists expect the unemployment rate to average -% this year, which is from the previous month’s projection. For 2020, the panel sees the unemployment rate averaging -%.
Greece - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 27.5 | 26.5 | 25.0 | 23.5 | 21.5 |
Greece Unemployment Chart
Source: National Statistical Service.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.06 | 0.76 % | Jul 11 |
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 863 | -1.46 % | Jul 11 |
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Economic News
Greece: Unemployment rate dips to near eight-year low in April
July 11, 2019
The number of unemployed workers declined by 26,925 in April compared to March while the seasonally-adjusted unemployment rate fell to 17.6% from 18.2% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
Greece: Industrial production falls at sharpest pace in over three years in May
July 10, 2019
Industrial production declined 1.2% year-on-year in working-day adjusted terms in May, marking the sharpest fall in over three years and contrasting April’s revised 1.7% increase (previously reported: -0.8% year-on-year).
Greece: Manufacturing PMI drops to lowest level since November 2017
July 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped to 52.4 in June from 54.2 in May, the lowest level in nearly two years.
Greece: New Democracy expected to win general election but economic recovery set to remain sluggish
June 25, 2019
After suffering a resounding defeat to the conservative opposition New Democracy (ND) party in the European and local elections last month, Prime Minister Alexis Tsipras, head of the ruling left-wing Syriza party, called snap general elections for 7 July, nearly four months before the end of his term.
Greece: Industrial production declines again in April
June 10, 2019
Industrial production dropped 0.8% year-on-year in working-day adjusted terms in April, following March’s revised 2.8% decline (previously reported: -2.7% year-on-year), which had marked the sharpest fall in three years.
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