Labor shortage in Greece, estimated to be around 200,000 vacant job
Labor shortage in Greece, estimated to be around 200,000 vacant job positions, has a significant impact on certain sectors but also imposes a high cost on the Greek economy as a whole, a fact that institutional bodies and entrepreneurs emphasize at every opportunity.
According to data from ELSTAT and Eurostat for the third quarter of 2024, vacant job positions in the secondary and tertiary sectors in Greece amount to 48,813. The largest gaps are observed in education (11,642 job openings), trade (8,447), public administration and defense (6,903), and hospitality and accommodation (6,345).
In addition to these, there are approximately 120,000 vacant positions in the primary sector (agriculture, livestock farming, fisheries, etc.), bringing the total – based on the above figures – to nearly 170,000.
The question is what is the financial cost of these vacant job positions to the Greek economy.
As Giorgos Koutroumanis, the former Minister of Labor and Social Security emphasizes the real cost for each unfilled job position is estimated at 7,500 euros annually for the state coffers.
Approximately 5,400 euros is lost in contributions, while lost income tax revenue is estimated at 800 euros annually. Additionally, there are losses from indirect taxes, calculated at around
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