Unemployment in Greece
Greece - Unemployment
Unemployment rate remains steady in October
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 11,374 in October compared with September while the seasonally-adjusted unemployment rate remained unchanged at September’s 18.6%. That said, October’s unemployment rate was below that of the same month last year (October 2017: 21.0%).
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 38.5% in October, below October 2017’s 41.3%.
Greece Unemployment Rate Forecast
FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 18.1% in 2019, which is down 0.3 percentage points from the previous month’s projection. For 2020, the panel sees the unemployment rate averaging 16.9%.
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 | 4.88 | 0.76 % | Jan 14 |
| Exchange Rate | 1.15 | 0.65 % | Jan 14 |
| Stock Market | 630 | -1.46 % | Jan 14 |
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Economic News
Greece: Unemployment rate remains steady in October
January 10, 2019
According to data released by the Hellenic Statistical Authority (ELSTAT), the number of unemployed workers fell by 11,374 in October compared with September while the seasonally-adjusted unemployment rate remained unchanged at September’s 18.6%.
Greece: Industrial production rebounds in November
January 9, 2019
Industrial production rose a solid 3.1% year-on-year in working-day adjusted terms in November, rebounding from October’s revised 0.7% dip (previously reported: -1.1% year-on-year) and marking the strongest expansion in over a year.
Greece: Manufacturing PMI eases from 6-month high in December
January 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell from 54.0 points in November to 53.8 points in December.
Greece: Unemployment rate drops again in September
December 13, 2018
According to data released by the Hellenic Statistical Authority (ELSTAT), labor market conditions improved again in September.
Greece: Industrial production drops in October
December 10, 2018
Industrial production contracted in October, recording the first fall since February.
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