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ELSTAT: Greece’s Unemployment Rises to 9.5% in Q4 2024

ELSTAT: Greece’s Unemployment Rises to 9.5% in Q4 2024

Hellenic Shipping News

The unemployment rate in Greece reached 9.5% in the fourth quarter of 2024,

The unemployment rate in Greece reached 9.5% in the fourth quarter of 2024, according to data released by the Greek Statistical Authority (ELSTAT).

The number of unemployed individuals stood at 449,123, marking a 4.8% increase compared to the previous quarter but an 8.1% decrease from the same period in 2023.

In the third quarter of 2024, the unemployment rate was recorded at 9.0%, while in the fourth quarter of the previous year, it had been higher, at 10.5%. Meanwhile, the total number of employed individuals in the country was 4,278,704, reflecting a 1.0% decline compared to the previous quarter.

The number of people outside the labor force—those who neither work nor seek employment—stood at 4,282,742. Among them, individuals under the age of 75 who are not part of the workforce numbered 3,050,938. This group saw a 0.7% increase compared to the previous quarter but a 2.4% decline year-on-year.

Employment Characteristics

During the fourth quarter of 2024, the majority of workers were salaried employees, accounting for 69.6% of total employment, while 19.7%, were self-employed without staff.

The rate of part-time employment stood at 5.6%, showing a notable decrease of 11.2% compared to the previous quarter and 23.8% compared to

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