Unemployment in Greece
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 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 | 4.33 | 0.76 % | Mar 11 |
| Exchange Rate | 1.12 | 0.65 % | Mar 11 |
| Stock Market | 697 | -1.46 % | Mar 08 |
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Economic News
Greece: Industrial production growth picks up in January
March 8, 2019
Industrial production rose 3.4% year-on-year in working-day adjusted terms in January, following December’s revised 1.3% expansion (previously reported: +1.1% year-on-year).
Greece: Unemployment rate dips in December
March 7, 2019
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.
Greece: Growth slows in the final quarter of 2018
March 7, 2019
According to provisional data released by the Hellenic Statistical Authority (ELSTAT) on 7 March, the Greek economy lost steam in the final stretch of 2018.
Greece: Manufacturing PMI climbs to nine-month high in February
March 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) edged up from 53.7 points in January to 54.2 points in February, a 9-month high.
Greece: Industrial production growth slows in December
February 8, 2019
Industrial production rose 1.1% year-on-year in working-day adjusted terms in December, moderating from November’s revised 4.2% expansion (previously reported: +3.1% year-on-year), which had marked an over one-year high.
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