Greece Achieves Historic Economic Milestone
Greece has made headlines by becoming the first developed market to regain its Developed Market (DM) status after a significant fall to Emerging Market (EM) status in 2013, during the height of the debt crisis.
From 28% Unemployment and the Highest Rate in the Developed World in 2013 to Below Sweden and Finland Today: Greece’s Remarkable Turnaround
byu/Aegeansunset12 inEconomyCharts
Unemployment Rate and Employment Figures
As of the second quarter of 2026, Greece’s employment rate stands at 72.2%. This follows a notable improvement compared to 2020, when the rate was recorded at 61.2%. For context, Finland’s current employment rate is 75.6%, while Sweden boasts the highest rate at 81.9%.
In 2020, the employment statistics highlighted Greece’s struggles amid the ongoing economic recovery, with Finland and Sweden reporting 77.2% and 82.1%, respectively.
Credit: Aegeansunset12
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