Unemployment in Greece

Greece Unemployment | Economic News & Forecasts

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 Rate27.5  26.6  25.0  23.6  21.5  

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Greece Unemployment Chart

Greece Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Service.

Greece Facts

Bond Yield4.060.76 %May 13
Exchange Rate1.120.65 %May 13
Stock Market725-1.46 %May 13

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