Wages in Hungary increased to 438246 HUF/Month in November from 397364 HUF/Month in October of 2020. source: Hungarian Central Statistical Office

Wages in Hungary averaged 202331.96 HUF/Month from 1998 until 2020, reaching an all time high of 438246 HUF/Month in November of 2020 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 February of 2021.

Wages in Hungary is expected to be 430415.00 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 473306.00 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 512117.00 HUF/Month in 2022 and 554110.00 HUF/Month in 2023, according to our econometric models.

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Hungary Gross Average Wages

Actual Previous Highest Lowest Dates Unit Frequency
438246.00 397364.00 438246.00 60268.00 1998 - 2020 HUF/Month Monthly
Current Prices, NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 4.40 11.80 3.30 percent [+]
Employed Persons 4482318.00 4476449.00 4520990.00 3678730.00 [+]
Unemployed Persons 196507.00 203763.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 11.60 11.90 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 438246.00 397364.00 438246.00 60268.00 HUF/Month [+]
Wage Growth 8.60 8.80 26.19 -5.30 percent [+]
Minimum Wages 442.44 451.51 487.10 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 63.18 63.19 63.36 53.84 percent [+]
Productivity 108.90 107.90 109.90 62.20 points [+]
Employment Change 2.40 -4.50 2.40 -4.50 percent [+]
Employment Rate 60.53 60.44 60.95 47.98 percent [+]
Full Time Employment 4195.20 4077.10 4250.40 3150.50 Thousand [+]


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