Minimum wages in Hungary decreased to 418.47 EUR/Month in the second half of 2018 from 444.69 EUR/Month in the first half. Minimum Wages in Hungary averaged 264.47 EUR/Month from 1999 until 2018, reaching an all time high of 444.69 EUR/Month in the second quarter of 2018 and a record low of 89.15 EUR/Month in the second quarter of 1999.

Minimum Wages in Hungary is expected to be 418.47 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Hungary to stand at 450.00 in 12 months time. In the long-term, the Hungary Gross Minimum Monthly Wage is projected to trend around 500.00 EUR/Month in 2020, according to our econometric models.

Hungary Gross Minimum Monthly Wage
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Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.80 11.80 3.60 percent [+]
Employed Persons 4502086.00 4486797.00 4502086.00 3678730.00 [+]
Unemployed Persons 172904.00 178243.00 506520.00 165147.00 [+]
Long Term Unemployment Rate 1.40 1.60 5.70 1.40 percent [+]
Youth Unemployment Rate 9.90 10.00 29.40 9.40 percent [+]
Labour Costs 117.50 124.30 130.00 32.00 Index Points [+]
Job Vacancies 83611.00 79428.00 83611.00 21130.00 [+]
Wages 322752.00 321172.00 340559.00 60268.00 HUF/Month [+]
Wage Growth 10.40 10.10 26.19 -5.30 percent [+]
Minimum Wages 418.47 444.69 444.69 89.15 EUR/Month [+]
Population 9.78 9.80 10.71 9.21 Million [+]
Retirement Age Women 63.50 63.50 63.50 59.00 [+]
Retirement Age Men 63.50 63.50 63.50 60.00 [+]
Labor Force Participation Rate 62.93 62.77 62.93 53.84 percent [+]
Living Wage Family 221500.00 212300.00 221500.00 202500.00 HUF/Month [+]
Living Wage Individual 144800.00 135900.00 144800.00 127200.00 HUF/Month [+]
Part Time Employment 185.20 179.60 265.20 111.90 Thousand [+]
Productivity 112.40 104.60 119.00 59.70 Index Points [+]
Wages High Skilled 281600.00 246400.00 281600.00 218900.00 HUF/Month [+]
Wages Low Skilled 140400.00 120700.00 140400.00 109400.00 HUF/Month [+]
Employment Change 0.50 0.70 2.70 -1.40 percent [+]
Employment Rate 60.60 60.37 68.70 47.98 percent [+]
Full Time Employment 4233.10 4202.70 4233.10 3150.50 Thousand [+]


Hungary Gross Minimum Monthly Wage

This page provides - Hungary Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Minimum Monthly Wage - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
418.47 444.69 444.69 89.15 1999 - 2018 EUR/Month Quarterly




Country Last Previous
Argentina 11300.00 Dec/18
Australia 719.20 Jul/18
Brazil 954.00 Dec/18
Canada 14.00 Dec/18
China 2420.00 Apr/18
France 1498.47 Dec/18
Germany 8.84 Jan/18
Indonesia 3.60 Jan/18
Japan 848.00 Dec/18
Mexico 88.36 Oct/18
Netherlands 1594.20 Dec/18
Russia 11163.00 May/18
South Korea 7530.00 Dec/18
Spain 858.55 Dec/18
Turkey 2029.50 Dec/18
United Kingdom 7.83 Apr/18
United States 7.25 Dec/18


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