Why is youth unemployment high in Greece?

Why is youth unemployment high in Greece?

Causes. 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. The government debt of Greece is over 180% of GDP as of 2018 and hence has a major impact on the Greek government’s finances.

What was the unemployment rate in Greece in 2015?

Greece: Unemployment rate from 1999 to 2020

Characteristic	Unemployment rate
2016	23.54%
2015	24.9%
2014	26.49%
2013	27.47%

What is the youth unemployment rate in Greece?

35.11 percent
In 2019, the estimated youth unemployment rate in Greece was at 35.11 percent….Greece: Youth unemployment rate from 1999 to 2019.

Characteristic	Youth unemployment rate
2019	35.11%
2018	39.74%
2017	43.47%
2016	47.22%

What is the poverty rate in Greece?

Greece – At-risk-of-poverty rate was 17.70% in December of 2020, according to the EUROSTAT. Historically, Greece – At-risk-of-poverty rate reached a record high of 23.10% in December of 2013 and a record low of 17.70% in December of 2020.

What is the unemployment rate in Greece 2021?

Greece: Labor

	Reference	Previous
Unemployment	2021 Q2	745.4
Unemployment Rate	2021 Q2	17.1
Wage & Salaries	2021 Q2	16,521
Agriculture Employment	2017	607,088

What country has the worst unemployment rate?

Burkina Faso
In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. This means that for every 100 members of the workforce, 77 did not have jobs at the time of the survey.