Unemployment in Greece

Greece - Unemployment
Unemployment rate drops in March
March’s print suggested a reviving labor market, as the number of employed people increased by 16,180 compared with February 2022, while the seasonally-adjusted unemployment rate declined from February’s 12.7% to 12.2% in March.
In addition, the number of unemployed workers decreased by 25,233 from February to March. This was partly due to lower labor force participation, as the number of people outside the labor force increased marginally by 6,359 people compared with February 2022 (+0.2%).
FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 13.2% in 2022, which is down 0.2 percentage points from the previous month’s projection. For 2023, the panel sees the unemployment rate averaging 12.6%.
Greece - Unemployment Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Unemployment Rate | 25.0 | 23.6 | 21.5 | 19.3 | 17.3 |
Greece Unemployment Chart

Source: National Statistical Service.
Greece Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.91 | 0.76 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Greece: Industrial output contracts at sharpest pace since June 2020 in April
June 10, 2022
Industrial output declined 4.5% year on year in working-day adjusted terms in April, which contrasted March's 8.1% increase.
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Greece: Growth slows in annual terms in Q1, but economy continues to exhibit strong momentum
June 7, 2022
GDP growth moderated to 7.0% in the first quarter, from 8.1% in the fourth quarter of last year.
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Greece: Manufacturing PMI records worst reading since March 2021 in May
June 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 53.8 in May, down from April's 54.8.
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Greece: Unemployment rate drops in March
May 18, 2022
March’s print suggested a reviving labor market, as the number of employed people increased by 16,180 compared with February 2022, while the seasonally-adjusted unemployment rate declined from February’s 12.7% to 12.2% in March.
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Greece: Industrial output growth rises in March
May 10, 2022
Industrial output expanded 7.9% year-on-year in working-day adjusted terms in March (February: +4.8% yoy).