Unemployment in Greece
Greece - Unemployment
Unemployment rate ticks down in February
The number of unemployed workers declined by 5,299 in February compared to January while the seasonally-adjusted unemployment rate ticked down to 18.5% from 18.6% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT). Moreover, February’s unemployment rate was below that of the same month in 2018 (February 2018: 20.6%).
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 38.8% in February, below February’s 2018’s 46.0%.
FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 17.8% this year, which is down 0.1 percentage points from the previous month’s projection. For 2020, the panel sees the unemployment rate averaging 16.5%.
Greece - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 27.5 | 26.6 | 25.0 | 23.6 | 21.5 |
Greece Unemployment Chart
Source: National Statistical Service.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.06 | 0.76 % | May 13 |
| Exchange Rate | 1.12 | 0.65 % | May 13 |
| Stock Market | 725 | -1.46 % | May 13 |
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Economic News
Greece: Industrial production falls at sharpest pace in three years in March
May 10, 2019
Industrial production dipped 2.7% year-on-year in working-day adjusted terms in March, contrasting February’s revised 3.0% expansion (previously reported: +2.3% year-on-year) and marking the sharpest decline in three years.
Greece: Unemployment rate ticks down in February
May 9, 2019
The number of unemployed workers declined by 5,299 in February compared to January while the seasonally-adjusted unemployment rate ticked down to 18.5% from 18.6% in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT).
Greece: Manufacturing PMI reaches a near two-decade high in April
May 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 54.7 in March to 56.6 in April, the highest reading since June 2000.
Greece: Unemployment rate inches up in January
April 11, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers rose by 3,990 in January compared to December while the seasonally-adjusted unemployment rate ticked up to 18.5% from 18.4% in the previous month.
Greece: Industrial production growth cools in February
April 9, 2019
Industrial production rose 2.3% year-on-year in working-day adjusted terms in February, following January’s revised 4.2% expansion (previously reported: +3.4% year-on-year).
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