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

Minimum Wages in Hungary averaged 282.86 EUR/Month from 1999 until 2020, 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 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 January of 2021.

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
451.51 487.10 487.10 89.15 1999 - 2020 EUR/Month Quarterly

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.40 4.30 11.80 3.30 percent [+]
Employed Persons 4476449.00 4482445.00 4520990.00 3678730.00 [+]
Unemployed Persons 203763.00 202168.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 11.90 11.50 29.30 9.60 percent [+]
Labour Costs 125.90 151.50 151.50 30.60 points [+]
Job Vacancies 63172.00 59698.00 87665.00 21130.00 [+]
Wages 397364.00 392349.00 421743.00 60268.00 HUF/Month [+]
Wage Growth 8.80 8.80 26.19 -5.30 percent [+]
Minimum Wages 451.51 487.10 487.10 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 207.90 239.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 63.19 63.24 63.36 53.84 percent [+]
Productivity 108.90 107.90 109.90 62.20 points [+]
Employment Change -5.30 -0.30 1.80 -5.30 percent [+]
Employment Rate 60.44 60.51 60.95 47.98 percent [+]
Full Time Employment 4195.20 4077.10 4250.40 3150.50 Thousand [+]