GREECE
Macro/Political:
- In the OECD Employment Outlook for Q1 2025, Greece continues to trail behind its peers despite some signs of resilience in its labour market. While the OECD average employment rate reached a record 72.1%, Greece remains well below this benchmark, particularly due to persistently low employment levels among women, youth, and older workers. Employment growth in the country also remains modest compared to other OECD members. Although the OECD-wide unemployment rate was at a historically low 4.9% in May 2025, Greece’s rate stood at 7.9%. This marks significant progress from its 2010 peak of 27%, but still reflects underlying structural challenges. One of the most pressing issues identified in the report is Greece’s high proportion of NEETs (young people not in education, employment, or training), which exceeds 15%. This highlights a persistent disconnect between the education system and the needs of the labour market. Immigration is also highlighted as a key area for improvement. The report suggests that Greece could benefit from more strategic and targeted immigration policies to help address existing skills shortages. In summary, while the Greek labour market has shown some improvement, it continues to lag behind the OECD average in several critical areas, pointing to the need for deeper structural reforms and more effective policy interventions.
Source: OECD
- The Harmonized Index of Consumer Prices (HICP) in June 2025 increased by 3.6% (y-o-y) and 1.3% (m-o-m).
Source: ELSTAT
