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 450.00 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 550.00 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 3.60 3.60 11.80 3.60 percent [+]
Employed Persons 4481322.00 4494484.00 4502086.00 3678730.00 [+]
Unemployed Persons 167226.00 168704.00 506520.00 165147.00 [+]
Long Term Unemployment Rate 1.40 1.40 5.70 1.40 percent [+]
Youth Unemployment Rate 10.20 10.10 29.40 9.40 percent [+]
Labour Costs 117.50 124.00 129.30 31.30 Index Points [+]
Job Vacancies 87665.00 83611.00 87665.00 21130.00 [+]
Wages 355099.00 327089.00 355099.00 60268.00 HUF/Month [+]
Wage Growth 10.20 10.40 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 62.61 62.79 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 194.70 185.20 265.20 111.90 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 60.36 60.52 68.70 47.98 percent [+]
Full Time Employment 4230.90 4233.10 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 February of 2019.

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 Feb/19
Australia 719.20 Jul/18
Brazil 998.00 Feb/19
Canada 15.00 Dec/19
China 2420.00 Apr/18
France 1521.22 Dec/19
Germany 9.19 Jan/19
Indonesia 3.94 Jan/19
Japan 874.00 Oct/18
Mexico 102.68 Jan/19
Netherlands 1615.80 Jun/19
Russia 11163.00 May/18
South Korea 8350.00 Dec/19
Spain 1050.00 Jun/19
Turkey 2558.40 Dec/19
United Kingdom 8.21 Apr/19
United States 7.25 Dec/19


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