Unemployment in Greece
Greece - Unemployment
Unemployment rate edges down in June
The number of unemployed fell by 13,900 in June compared with a decrease of 8,000 in May, according to the Hellenic Statistical Authority (EL.STAT).
The unemployment rate fell from May’s revised 21.5% (previously reported: 21.7%) to 21.2%, a multi-year low. While the unemployment rate has fallen notably in past years, it is still well above the Eurozone average.
FocusEconomics Consensus Forecast panelists expect unemployment to average 22.2% in 2017. For 2018, the panel expects the unemployment rate to average 20.9%.
Greece - Unemployment Data
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Unemployment Rate | 24.6 | 27.5 | 26.5 | 25.0 | 23.5 |
Greece Unemployment Chart
Source: National Statistical Service.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.39 | 0.60 % | Sep 21 |
| Exchange Rate | 1.19 | -0.61 % | Sep 21 |
| Stock Market | 766 | 1.06 % | Sep 21 |
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Economic News
Greece: Industrial production growth inches down in July
September 8, 2017
Industrial production expanded a working-day-adjusted 1.7% in July compared to the same month of last year, which was a notch below June’s revised 1.8% growth (previously reported: +1.6% year-on-year).
Greece: Unemployment rate edges down in June
September 7, 2017
The number of unemployed fell by 13,900 in June compared with a decrease of 8,000 in May, according to the Hellenic Statistical Authority (EL.STAT).
Greece: PMI records best reading since August 2008
September 1, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) climbed in August, suggesting the fastest rate of growth in the manufacturing sector in nine years.
Greece: Recovery continues at modest pace in Q2
September 1, 2017
A provisional dataset released on 1 September by the Hellenic Statistical Authority (EL.STAT) revealed that the economy performed slightly better than projected in the second quarter, as the expected slowdown in activity failed to come to fruition.
Greece: Unemployment rate inches down in May
August 10, 2017
The number of unemployed fell by 5,490 in May compared with a decrease of 13,000 in April, according to the Hellenic Statistical Authority (EL.STAT). The unemployment rate inched down from April’s revised 21.8% (previously reported: 21.7%) to 21.7%, a multi-year low.
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