Wages in Hungary increased to 400386 HUF/Month in March from 377303 HUF/Month in February of 2020.

Wages in Hungary averaged 196251.54 HUF/Month from 1998 until 2020, reaching an all time high of 406388 HUF/Month in December of 2019 and a record low of 60268 HUF/Month in January of 1998. This page provides - Hungary Gross Average Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages - values, historical data and charts - was last updated on June of 2020.

Wages in Hungary is expected to be 399455.00 HUF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Hungary to stand at 440931.00 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 478400.00 HUF/Month in 2021 and 517629.00 HUF/Month in 2022, according to our econometric models.

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Hungary Gross Average Wages

Actual Previous Highest Lowest Dates Unit Frequency
400386.00 377303.00 406388.00 60268.00 1998 - 2020 HUF/Month Monthly
Current Prices, NSA

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 11.90 11.30 29.30 9.60 percent [+]
Labour Costs 142.10 128.60 142.10 31.30 points [+]
Job Vacancies 74824.00 78315.00 87665.00 21130.00 [+]
Wages 400386.00 377303.00 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 62.20 62.59 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 109.90 108.80 109.90 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 [+]


Hungary Gross Average Wages
In Hungary, wages are benchmarked using average gross salaries.