Greece Unemployment


Greece: Unemployment rate reaches record high

January 9, 2014

According to the Hellenic Statistical Authority (EL.STAT.), the number of unemployed fell by 1,100 over the previous month in October 2013. The decrease contrasted the 11,200 increase in the number of unemployed that was recorded in the previous month.

Nevertheless, the unemployment rate inched up from September's revised 27.7% (previously reported: 27.3%) to a record high of 27.8% in October in seasonally-adjusted terms (October 2012: 26.1%). October's print was more than double the Eurozone's average unemployment rate of 12.1% for the same month.

FocusEconomics Consensus Forecast panelists expect unemployment to average 27.5% in 2014, which is unchanged from last month's forecast. For 2015, the panel expects the unemployment rate to average 27.7%.

Author:, Senior Economist

Sample Report

Looking for forecasts related to Unemployment in Greece? Download a sample report now.


Greece Unemployment Chart

Greece Unemployment October 2013

Note: -
Source: -

Greece Economic News

More news

Search form