Labour Costs in Hungary increased to 149.90 points in the first quarter of 2021 from 132.20 points in the fourth quarter of 2020. source: EUROSTAT

Labour Costs in Hungary averaged 89.58 points from 1995 until 2021, reaching an all time high of 149.90 points in the first quarter of 2021 and a record low of 30.60 points in the first quarter of 1995. This page provides - Hungary Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Unit Labour Costs - values, historical data and charts - was last updated on August of 2021.

Labour Costs in Hungary is expected to be 136.73 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Hungary to stand at 162.49 in 12 months time. In the long-term, the Hungary Unit Labour Costs is projected to trend around 154.48 points in 2022 and 167.15 points in 2023, according to our econometric models.

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Hungary Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
149.90 132.20 149.90 30.60 1995 - 2021 points Quarterly
NSA, 2010=100

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.10 4.10 11.80 3.30 percent [+]
Employed Persons 4691904.00 4606514.00 4691904.00 3678730.00 [+]
Unemployed Persons 193486.00 189371.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.10 1.30 5.70 0.90 percent [+]
Youth Unemployment Rate 13.50 13.90 29.30 9.60 percent [+]
Labour Costs 149.90 132.20 149.90 30.60 points [+]
Job Vacancies 62535.00 61573.00 87665.00 21130.00 [+]
Wages 419073.00 427641.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 8.50 10.30 26.19 -5.30 percent [+]
Minimum Wages 476.00 442.44 487.10 89.15 EUR/Month [+]
Population 9.77 9.77 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 213.80 192.40 265.20 111.90 Thousand [+]
Labor Force Participation Rate 66.41 65.16 66.41 53.84 percent [+]
Productivity 112.50 110.50 112.50 62.20 points [+]
Employment Change 1.10 1.10 2.10 -4.50 percent [+]
Employment Rate 63.78 62.59 63.78 49.49 percent [+]
Full Time Employment 4262.50 4205.30 4262.50 3150.50 Thousand [+]