Minimum wages in Hungary were at 464.20 EUR/Month in 2019.

Minimum Wages in Hungary averaged 273.98 EUR/Month from 1999 until 2019, reaching an all time high of 464.20 EUR/Month in the second quarter of 2019 and a record low of 89.15 EUR/Month in the second quarter of 1999. This page provides - Hungary Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Minimum Monthly Wage - values, historical data and charts - was last updated on May of 2020.

Minimum Wages in Hungary is expected to be 500.00 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 550.00 in 12 months time. In the long-term, the Hungary Gross Minimum Monthly Wage is projected to trend around 550.00 EUR/Month in 2021, according to our econometric models.

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Hungary Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
464.20 464.20 464.20 89.15 1999 - 2019 EUR/Month Quarterly

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.70 11.80 3.30 percent [+]
Employed Persons 4435930.00 4465756.00 4520990.00 3678730.00 [+]
Unemployed Persons 174086.00 172999.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 0.90 1.10 5.70 0.90 percent [+]
Youth Unemployment Rate 11.30 10.70 29.30 9.60 percent [+]
Labour Costs 128.60 123.10 133.40 31.30 points [+]
Job Vacancies 74824.00 78315.00 87665.00 21130.00 [+]
Wages 377303.00 375232.00 406388.00 60268.00 HUF/Month [+]
Wage Growth 9.00 9.10 26.19 -5.30 percent [+]
Minimum Wages 464.20 464.20 464.20 89.15 EUR/Month [+]
Population 9.77 9.78 10.71 9.21 Million [+]
Retirement Age Women 64.00 63.50 64.00 59.00 [+]
Retirement Age Men 64.00 63.50 64.00 60.00 [+]
Part Time Employment 187.20 201.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 62.59 62.78 63.14 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 [+]
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 [+]
Productivity 108.80 108.30 108.80 62.20 points [+]
Employment Change 0.20 0.10 1.80 -1.30 percent [+]
Employment Rate 59.85 60.26 60.95 47.98 percent [+]
Full Time Employment 4250.40 4241.60 4250.40 3150.50 Thousand [+]