Greece is becoming more comfortable to live in: unemployment and inflation have decreased

What determines the popularity of the country among investors, people who want to work, study or move to it for a long time? First of all, everyone is interested in the standard of living, the opportunity to buy or rent a house inexpensively, and get a job. In 2023, Greece was pleased: according to a report by the Office of Statistics, the unemployment rate fell even lower compared to last year.

The charts clearly show a positive trend. After all, 11 years ago, the number of unemployed in Greece reached a record high of 27.4% over the past three decades. At the same time, analysts considered not only Greece, but also all developed countries of the world, including Russia, the USA, and China.

The standard of living in Greece is growing

The report of the Minister of Labor and Social Security clearly shows progress:

• in May 2023, the number of unemployed was 10.8%. This is 1.9% lower than in the same period last year;
• due to the lifting of covid restrictions, participation in the Digital Nomads program, preferential visas for students, the flow of foreign citizens and tourists has increased significantly. There are a lot of vacancies on the labor market – there are so many of them that 60,000 jobs remained unclaimed;
• inflation also decreased – it was only 2.7%. This is a record figure for all EU countries in 2023.

Reducing the cost of goods and services, and free jobs are the foundation for a peaceful, prosperous life for Greek citizens and visitors to the country. That is why the demand for Greek visas has increased, and interest from Russian investors who want to invest in business or real estate has increased.

You can apply for a study residence permit or a "digital nomad" visa with the prospect of long-term residence in Greece and obtaining citizenship at digital-nomad.gr. Experienced staff will help you collect documents for a quick and trouble-free visa application, and explain any unclear points.