Labor share of gross domestic product (GDP) in Greece

Greece: Labor share of gross domestic product (GDP) was 59.6% in 2020. β–¬ Flat

Latest (2020)
59.6%
Change on year
up 6.6%
World rank
24th
of 186 countries
All-time high
59.7%
in 2011
All-time low
52.9%
in 2015
Years of data
17
2004–2020

Labor share of gross domestic product (GDP) in Greece, 2004–2020

02040602004201220202004: 53.9 %2005: 55.5 %2006: 54.3 %2007: 54 %2008: 55 %2009: 57.5 %2010: 58 %2011: 59.7 %2012: 58.8 %2013: 56 %2014: 55.9 %2015: 52.9 %2016: 54.3 %2017: 54.3 %2018: 56.4 %2019: 55.9 %2020: 59.6 %

Source: International Labour Organisation (2023) – processed by Our World in Data. Measured in %.

Analysis

Greece recorded 59.6% for labor share of gross domestic product (gdp) in 2020.

The figure is up 6.6% on the previous year and up 2.8% over ten years.

Over the whole period, labor share of gross domestic product (gdp) in Greece peaked at 59.7% in 2011 and was at its lowest, 52.9%, in 2015.

Greece ranks 24th of 186 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 55.0% 53.9% 57.5% 6
2010s 56.2% 52.9% 59.7% 10
2020s 59.6% 59.6% 59.6% 1

Countries ranked near Greece

  1. 21 Honduras 60.1% compare
  2. 22 Moldova 60.0% compare
  3. 23 South Korea 59.7% compare
  4. 24 Austria 59.6% compare
  5. 26 Portugal 59.5% compare
  6. 27 United States Virgin Islands 59.3% compare

See the full ranking of 186 places β†’

More work & labour data for Greece

All data for Greece β†’

Frequently asked questions

What is labor share of gross domestic product (gdp) in Greece?
Labor share of gross domestic product (gdp) in Greece was 59.6% in 2020, according to International Labour Organisation (2023) – processed by Our World in Data.
What is the highest labor share of gross domestic product (gdp) recorded in Greece?
The highest recorded value was 59.7% in 2011.
What is the lowest labor share of gross domestic product (gdp) recorded in Greece?
The lowest recorded value was 52.9% in 2015.
How does Greece rank for labor share of gross domestic product (gdp)?
Greece ranks 24th out of 186 countries with data for 2020.
Is labor share of gross domestic product (gdp) rising or falling in Greece?
Over the last ten years it is up 2.8%. The long-run trend across the full record is flat.
Where does this Greece data come from?
The figures come from International Labour Organisation (2023) – processed by Our World in Data, published as part of Labor share of gross domestic product (GDP). Statizoid updates them automatically from the source API.

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About this data

Indicator
Labor share of gross domestic product (GDP)
Unit
%
Source
International Labour Organisation (2023) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 3,162 data points, 2004–2020
Last refreshed

The labor share of gross domestic product (GDP) is the estimated total compensation of employees given as a percent of GDP. It provides information about the relative share of output paid as compensation to employees, compared to the share paid to capital.