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In 2020, the unemployment rate in Greece was around 15.47 percent. The unemployment rate during the same month in 2018 was 18.6 percent, dropping to 16.6 percent in October of 2019. 4.1. Definition of Unemployment rate: This entry contains the percent of the labor force that is without jobs. An incredible 36 countries have unemployment rates in the double-digits. A year earlier the rate was 7.0%. The youth unemployment rate in Greece has reached tremendously high levels and is resulting in the growth of poverty among young Greeks, in addition to stunting the development of the Greek economy. Summary Table: Unemployment. 5/7/2020. 1 Greece 22.3% 2 Spain 20.8% As of May 2017, the youth unemployment rate in Greece reached a staggering 46 percent. Meanwhile, the seasonally-adjusted unemployment rate came in at 5.7% in June, down from Mays 5.7% and the lowest reading since February 2020. Kosovo has the highest unemployment rate in Europe, with 25.3% of people unemployed. North Macedonia follows it with a 17.5% unemployment rate. The EU country with the highest unemployment rate is Greece, with a 17.5% unemployment rate. Greece is also the country with the highest unemployment rate in the eurozone. Graph and download economic data for Unemployment Rate: Aged 15-64: All Persons for Greece (LRUN64TTGRQ156S) from Q1 1998 to Q4 2020 about Greece, 15 to 64 years, unemployment, and rate. The COVID-19 pandemic has set back Greeces economic recovery 14 Figure 1.2. The impact of the crisis is expected to be large due to the importance of the accommodation [] In 2003, unemployment was 9.41% comparing to the European average of 8.1% (European Commission, 2004). 2020 Q4: 750.1 Series Information. The promising figures were published by the Greek Statistical Authority on Thursday. Greeces unemployment rate rose to 18.3 percent in June from an upwardly revised 17.3 percent reading in May, according to data from the Hellenic Statistical Authority (ELSTAT). Employment Rate in Greece increased to 82.96 percent in April from 82.66 percent in March of 2021. source: National Statistical Service of Greece. The seasonally adjusted number of persons unemployed was 114,600 in July 2020, compared to 106,300 in June 2020. In August 2019, the lowest youth unemployment rate recorded was in Czechia 5.1%. Unemployment in Cyprus fell to 6.9% in July 2020 7.4% for males and 6.3% for females, from 7.1% in June, or down from 33.000 to 31.000 individuals. In France, the unemployment rate actually fell from 7.7% in February to 6.6% in June. Definition: This entry contains the percent of the labor force that is without jobs. Unemployment Rate. In Greece unemployment increased to 17.0% in May 2020 (latest available data), from 15.7% in April 2020 and 17.2% in July 2019. Greece was one of several countries in Europe adopting job-retention approaches that experienced similar trends in the early months of the crisis. License : CC BY-4.0. Graph and download revisions to economic data for from Q1 1998 to Q4 2020 about Greece, 15 to 64 years, unemployment, and rate. Unemployment Rate for Greece from Hellenic Statistical Authority (ELSTAT) for the Labor Force Survey release. Greece: Unemployment rate holds steady at 2020 outset April 9, 2020 The number of unemployed workers fell by only 448 in January compared to December 2019 while the seasonally-adjusted unemployment rate held steady at the previous months revised 16.4% (previously reported: 16.5%), according to data released by the Hellenic Statistical Authority (ELSTAT). Among workers age 25 and older who graduated high school but did not attend college, the unemployment rate was 3.8 percent in January 2020, about the same as a year earlier. Chart ELSTAT: Unemployment October 2004 2019. Greece unemployment rate for 2019 was 17.24%, a 2.05% decline from 2018. Unemployment rate. At the same time the highest rate recorded was in Greece, with 33.0% of youth unemployed in the Q2 2019. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. Unemployment rates in Greece for 2020 According to a recent announcement by the Commission (1), the unemployment rate according to the Commission 2020 spring forecast is projected at around 20%, up from 17.3% in 2019, erasing the gains from the previous three years. Current Unemployment Rate: 20.10 percent. According to the source, the data are ILO estimates. In 2019 Spains unemployment rate reached 14.1% between the ages of 15 and 74 years old. The data is reported by reported by CEIC Data. Greece, NY Unemployment is at a current level of 2994.00, up from 2527.00 last month and up from 2038.00 one year ago. 1 2. In May 2021, the euro area seasonally-adjusted unemployment rate was 7.9 %, down from 8.1 % in April 2021 and up from 7.5 % in May 2020. Unemployment rises in Greece A table comparing the overall unemployment rates in Greece over 2020 and the beginning of 2021. Barbados unemployment rate for 2019 was 10.10%, a 0.1% increase from 2018. Staff expects it to reach 18 percent by 2022, 12 percent by 2040, and 6 percent only by 2060. Unemployment rate is expected to jump back up 22.3%, that is on the same rate as in July 2016. Australia: 6.9%. Youth unemployment in Greece focuses on the 15-24 years old age group.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. The EU unemployment rate was 7.3 % in May 2021, down from 7.4 % in April 2021 and up from 6.9 % in May 2020. Novembers rate is one of the lowest recorded since the first months of Greece s financial crisis in the early 2010s. Page last updated on January 27, 2020. Figure 2: Unemployment rates EU-27, EA-19, seasonally adjusted, January 2008 - May 2021 (%) The seasonally adjusted number of persons unemployed was 114,600 in July 2020, compared to 106,300 in June 2020. Today, Greece reports the highest unemployment rate of all EU states. In June, the number of unemployed workers came in at 16,402, which was down 5.4% from Mays result of 17,340. But with the vast numbers of welfare-dependent migrants that have been taken into the country, and with 2020 fast approaching, its not looking like Lfvens ambitious goal will be The unemployment rate among Saudis decreased to 14.9 percent in Q3 2020 from 15.4 percent in Q2 2020, compared to 11.8 percent in Q1 2020, The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). Greece Female Unemployment Rate is at 20.20%, compared to 20.20% last month and 21.00% last year. Other economic figures such as retail sales, manufacturing activity and construction, have pointed to signs that Greece's recession has bottomed out. In May 2021, unemployment remained higher (5.8%) than it had been in February 2020 (3.5%). It peaked at 14.8% in April, but then started to decline rapidly, falling by almost 8% to reach 6.9% in October. Consequently, it will take significant time for unemployment to come down. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. From 2019 to 2020, Greeces population declined 0.48%, losing over 50,000 people. In Greece unemployment increased to 17.0% in May 2020 (latest available data), from 15.7% in April 2020 and 17.2% in July 2019. It was the lowest jobless rate since February, as the number of unemployed persons decreased by 24,332 to 726,360 and employed persons by 12,697 to 3,880,364. Greeces unemployment rate in the first quarter of the year reached 17.1 percent, up from 16.2 percent in the previous quarter and in the same period last year, according to data from the Hellenic Statistical Authority (ELSTAT). Without tourists, the industry is on pause. Greece's latest tourism industry news by Greek Travel Pages (gtp) Main Menu Home Industry Sectors - Hospitality - Air Travel - Sea Tourism - - Ferries - Land Transportation - Travel Operators - Travel Marketplace - Technology - MICE - Culture - - Top Archaeological Sites - Gastronomy - More The data reached an all-time high of 28.20 % in Jul 2013 and a record low of 7.30 % in May 2008. Greece continues to be confronted with the highest youth, total and long-term unemployment rate in the EU (unemployment rate 23.6 %, long-term unemployment rate 17 %, youth unemployment rate 47.3 % in 2016). 3. NOTE: The information regarding Unemployment rate on this page is re-published from the CIA World Factbook 2020. All suggestions for corrections of any errors about Unemployment rate should be addressed to the CIA. No claims are made regarding the accuracy of Unemployment rate information contained here. While the overall EU unemployment rate in May went up by just 0.1% point on the month to 6.7% a modest rise thanks to furlough and short-time work schemes - unemployment The map below shows the most recent unemployment rate per state, according to BLS data. Luxembourg: Unemployment rate tricks down in June. In 2019, the estimated youth unemployment rate in Greece Unemployment statistics is probably one of the most closely monitored indicators of the labour market. The unemployment rate for people with some college or an associate degree was 2.8 percent in January 2020, down from 3.4 percent a year earlier. This unemployment rate is 0.1 percentage points higher than May. Unemployment, youth total (% of total labor force ages 15-24) (modeled ILO estimate) International Labour Organization, ILOSTAT database. Persons are counted as unemployed, if they are not working, but are actively looking and available for work. The rate of people at risk of poverty or social exclusion was 30% in 2019. Given the struggles to restart tourism -- which accounts for around a fifth of Greeces gross domestic product and nearly 22% of jobs -- unemployment is seen rising to 20% this year. Overall, unemployment in the country is at 17 percent, as recorded in April of this year. The main reasons for Greeces population declining are a very low fertility rate of 1.3 births per woman, financial crisis, emigration, and an aging population. 5/4/2020 Athens News Agency ATHENS - Greek unemployment rate is expected to record the biggest increase in a decade, suprassing the period 2011-2013, despite the fact that government measures managed to contain job losses, the Federation of Hellenic Enterprises (SEV) said in a report released on Monday. 1995 2000 2005 2010 2015 2020 % 4.0 4.5 5.0 5.5 6.0 6.5 7.0 World. July 20, 2021. Data published Monthly by This is far higher than the EU youth unemployment rate of 14.3% in 2019. Greeces strong containment measures have limited infections, but have frozen the labour market 19 Figure 1.5. The current account deficit is expected to expand to 6.5% in 2020 (vs 2.1% in 2019). The Highest Unemployment Rates in Oceania. Economy - overview: Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone economies. The inflation rate is based upon the consumer price index (CPI). 2020 Greece (red), OECD - Total (black) Long-term unemployment rate Indicator: 66.5 Total % of unemployed 2020 Greece % of unemployed: Total % of unemployed 2001-2020 Greece (red), OECD - Total (black) Total % of unemployed 2020 Greece (red), OECD - Total (black) Self-employment rate Indicator: 31.9 Total % of employment 2020 Greece % of employment: Total % of employment Substantial underemployment might be noted. Historically, the Greece Unemployment Rate reached as high as 27.9% in 2013, because of the debt crisis that also led to a third of the population to be living in poverty. This page provides forecast and historical data, charts, statistics, news and updates for Greece Unemployment Rate. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of December 1, 2020. Greece unemployment rate for 2018 was 19.29%, a 2.2% decline These austerity measures created a vicious cycle of recession with unemployment Youth unemployment in Greece focuses on the 15-24 years old age group.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. The unemployed are people of working age who are without work, are available for work, and have taken specific steps to find work. This does not mean that one in two young persons are In June, the labor market was affected by the continuation of the suspension of operation (full or partial) of businesses in certain sectors of the economy, i.e. The International Labor Organization's World Employment and Social Outlook: Trends 2019 reported that the world's unemployment rate dropped below 5% in 2018, the lowest since the 2008 financial crisis. 7.4. 2. Unemployment for Greece from Hellenic Statistical Authority (ELSTAT) for the Labor Force Survey release. The Greek unemployment rate eased to 16% of the workforce in January this year, from 16.4%in January 2020, but up from 15.6% in December 2020, the Hellenic Statistical Authority said on Monday. License : CC BY-4.0. As in many countries, Greeces economy was battered by the lockdowns put in place to stem the spread of the disease. All data used and referenced above is from Eurostat. Unemployment Rate in Greece increased to 17 % in April 2021. The United States unemployment went from 3.5% in February 2020 to 11.1% in June 2020, while Greeces unemployment rate was 16.0% in February 2020 and 18.3% in June 2020. 4. Athens News Agency. More than one person in five is unemployed in Greece, with young people having the most difficulty in finding jobs.

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