Minimum Wages in Hungary decreased to 442.44 EUR/Month in the first quarter of 2021 from 451.51 EUR/Month in the third quarter of 2020. source: EUROSTAT

Minimum Wages in Hungary averaged 286.33 EUR/Month from 1999 until 2021, reaching an all time high of 487.10 EUR/Month in the first quarter of 2020 and a record low of 89.15 EUR/Month in the first 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 April of 2021.

Minimum Wages in Hungary is expected to be 440.00 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 440.00 in 12 months time. In the long-term, the Hungary Gross Minimum Monthly Wage is projected to trend around 480.00 EUR/Month in 2022 and 510.00 EUR/Month in 2023, according to our econometric models.

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Hungary Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
442.44 451.51 487.10 89.15 1999 - 2021 EUR/Month Quarterly

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.30 11.80 3.30 percent [+]
Employed Persons 4573600.00 4573577.00 4627205.00 3678730.00 [+]
Unemployed Persons 216800.00 216761.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 13.60 15.30 29.30 9.60 percent [+]
Labour Costs 132.20 126.60 144.50 30.60 points [+]
Job Vacancies 61573.00 63172.00 87665.00 21130.00 [+]
Wages 411032.00 449442.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 9.50 10.60 26.19 -5.30 percent [+]
Minimum Wages 442.44 451.51 487.10 89.15 EUR/Month [+]
Population 9.77 9.77 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 192.40 207.90 265.20 111.90 Thousand [+]
Labor Force Participation Rate 64.80 64.97 65.27 53.84 percent [+]
Productivity 110.50 108.90 110.50 62.20 points [+]
Employment Change 2.40 -4.50 2.40 -4.50 percent [+]
Employment Rate 61.87 62.15 62.15 47.98 percent [+]
Full Time Employment 4205.30 4195.20 4250.40 3150.50 Thousand [+]