Greece unemployment rate 2018

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In 2019, the unemployment rate in Greece was around 17.24 percent. Across the country's regions, the lowest jobless rates were recorded in Aegean Islands (13.6 percent) and Crete (13.8 percent) while Epirus-Western Macedonia (21 percent) registered the highest.In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Unemployment Rate in Greece averaged 16.27 percent from 1998 until 2020, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.40 percent in May of 2008. The number of unemployed people increased by 48,444 from April, or 6.8 percent, to 764.9 thousand, while employment fell by 128,924, or 3.3 percent, to 3.729 million.

As of May 2019 40.4% of youths are not employed in Greece.Greek youth unemployment was exacerbated by the 2008 Financial Crisis as well as the European Debt Crisis which hit Greece harder than many other countries in Europe.

This page provides the latest reported value for - Greece Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

It was the lowest jobless rate since November of 2010, as the number of unemployed fell to 653.7 thousand from 771.6 thousand in February and the number of employed increased to 3.81 million from 3.77 million.




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Greece's unemployment rate rose to 17 percent in May of 2020 from an upwardly revised 15.7 percent in the previous month, the highest since July of 2019.

1998-2020 Data | 2021-2022 Forecast | Calendar | Historical

Unemployment Rate Meantime, the number of employed decreased by 28.467 thousand to 3.89 million.

Unemployment Rate

By region, the highest rates were recorded in Crete (23.6 percent), Thessaly – Sterea Ellas (17.9 percent) and Macedonia-Thrace (17.0 percent).The seasonally adjusted unemployment rate in Greece dropped to 14.4 percent in March of 2020 from a downwardly revised 15.9 percent in the previous month.

The youth unemployment rate in Greece worsened in the period after the 2008 financial crisis hitti

Greece has the highest youth unemployment rate in the European Union as of May 2019 with a rate of 40.4% of youths between 15-24 unemployed.
This is far higher than the EU youth unemployment rate of 14.3% in 2019.The Greek youth unemployment rate is also the second highest among OECD nations only being surpassed by South Africa. Unemployment refers to the share of the labor force that is without work but available for …

In 2018, Greece's jobless rate was around 20.1 per cent.

Unemployment Rate Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The EU forced Greece into austerity measures which worsened the youth unemployment crisis and joined with the worsening economy caused the "economic massacre of the young generation".The youth unemployment situation has also exacerbated political turmoil in Greece. TEForecast By region, the highest rates were recorded in Crete (23.1 percent), Aegean Islands (22.1 percent), Thessaly – Sterea Ellas (18 percent) and Macedonia-Thrace (17.5 percent).Greece's unemployment rate rose to 15.5 percent in April 2020 from an upwardly revised 14.5 percent in the previous month, as the measures taken to protect public health and tackle the COVID-19 pandemic hit the labor market. Unemployment Rate The number of unemployed people increased by 52,717 from March, or 8.0 percent, to 708.7 thousand, while employment fell by 23,820, or 0.6 percent, to 3.859 million. Unemployment in Greece decreases further, reaches 20.6% in Jan April 13, 2018 Economy Comments Off on Unemployment in Greece decreases further, reaches 20.6% in Jan 402 Views Greece’s unemployment rate decreased for the second straight month in January, though slightly, data from the Hellenic Statistical Authority showed Thursday.

In January 2015 Greece elected the populist far-left

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