Unemployment in Greece

Greece Unemployment | Economic News & Forecasts

Greece - Unemployment

Unemployment rate dips in December

According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 16,774 in December compared with November while the seasonally-adjusted unemployment rate dipped to 18.0% from 18.3% in the previous month. Moreover, December’s unemployment rate was below that of the same month in 2017 (December 2017: 20.8%).

Greece’s unemployment rate has fallen notably 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 39.5% in December, below December’s 2017’s 43.1%.

Greece Unemployment Rate Forecast

FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 18.0% this year, which is unchanged from the previous month’s projection. For 2020, the panel sees the unemployment rate averaging 16.7%.

Greece - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate27.5  26.6  25.0  23.6  21.5  

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Greece Unemployment Chart

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

Greece Facts

Bond Yield4.330.76 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market697-1.46 %Mar 08

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