Wages in Hungary increased to 421743 HUF/Month in June from 398778 HUF/Month in May of 2020.

Wages in Hungary averaged 198592.11 HUF/Month from 1998 until 2020, reaching an all time high of 421743 HUF/Month in June 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 September of 2020.

Wages in Hungary is expected to be 389926.00 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 430602.00 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 473133.00 HUF/Month in 2021 and 511930.00 HUF/Month in 2022, according to our econometric models.

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Hungary Gross Average Wages

Actual Previous Highest Lowest Dates Unit Frequency
421743.00 398778.00 421743.00 60268.00 1998 - 2020 HUF/Month Monthly
Current Prices, NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.60 11.80 3.30 percent [+]
Employed Persons 4438933.00 4408224.00 4520990.00 3678730.00 [+]
Unemployed Persons 224303.00 214166.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.00 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 15.20 15.90 29.30 9.60 percent [+]
Labour Costs 151.50 142.10 151.50 30.60 points [+]
Job Vacancies 59698.00 58233.00 87665.00 21130.00 [+]
Wages 421743.00 398778.00 421743.00 60268.00 HUF/Month [+]
Wage Growth 15.60 9.40 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 206.00 187.20 265.20 111.90 Thousand [+]
Labor Force Participation Rate 62.94 62.38 63.14 53.84 percent [+]
Productivity 107.90 109.90 109.90 62.20 points [+]
Employment Change -5.30 -0.30 1.80 -5.30 percent [+]
Employment Rate 59.91 59.49 60.95 47.98 percent [+]
Full Time Employment 4180.40 4250.40 4250.40 3150.50 Thousand [+]


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