Figures released by the General Confederation of Employees of Greece on Friday, revealed that Greek university graduates have the highest unemployment rate amongst their peers in Europe at a staggering 20%.

According to the same survey, Greece ranks 25th based on the annual equivalent net income of university graduates and that those with tertiary education and postgraduate qualifications were more likely to be employed in jobs below their educational level and qualifications.

The unemployment rate among young people aged 20-35 years old (university graduates) in Greece is 20%, significantly higher than a 5.0% average rate in the EU, while Italy ranks second with 10%, said Christos Gioulas, head of KANEP-GSEE, while presenting the survey.

“This means that young graduates are finding it very difficult to enter the labour market, since the domestic labour market offers low-qualification, low-innovation job positions, leading university graduates to go abroad seeking a better job,” Gioulas said.

The annual net income of university graduates was 14,300 euros (25th in the EU), that of secondary education graduates was 9,400 euros (25th position) and elementary and middle school graduates was 7,400 euros (23rd in the EU).

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