Hungary's average gross wages rose by 8.6 percent from a year earlier to HUF 438,200 in November of 2020, following a 8.8 percent increase in the previous month. Earnings in the private sector went up 8.9 percent, easing from a 9.4 percent gain in October, and wages in the public sector advanced 8.1 percent, compared to a 7.4 percent rise in the prior month. Considering the January-November period, average gross wages increased by 9.6 percent to HUF 399,300. source: Hungarian Central Statistical Office
Wage Growth in Hungary averaged 8.45 percent from 1999 until 2020, reaching an all time high of 26.19 percent in January of 2005 and a record low of -5.30 percent in January of 2009. This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Wage Growth in Hungary is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Hungary to stand at 8.00 in 12 months time. In the long-term, the Hungary Gross Average Wages Growth is projected to trend around 8.20 percent in 2022, according to our econometric models.