Youth Unemployment Rate in Hungary increased to 11.90 percent in October from 11.50 percent in September of 2020. source: EUROSTAT

Youth Unemployment Rate in Hungary averaged 17.37 percent from 1996 until 2020, reaching an all time high of 29.30 percent in September of 2012 and a record low of 9.60 percent in April of 2018. This page provides the latest reported value for - Hungary Youth Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Youth Unemployment Rate - values, historical data and charts - was last updated on January of 2021.

Youth Unemployment Rate in Hungary is expected to be 11.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Hungary to stand at 11.30 in 12 months time. In the long-term, the Hungary Youth Unemployment Rate is projected to trend around 13.00 percent in 2022 and 12.10 percent in 2023, according to our econometric models.

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Hungary Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.90 11.50 29.30 9.60 1996 - 2020 percent Monthly
SA

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 [+]