Wages in Hungary increased 9.10 percent in August of 2021 over the same month in the previous year. source: Hungarian Central Statistical Office

Wage Growth in Hungary averaged 8.46 percent from 1999 until 2021, reaching an all time high of 26.19 percent in January of 2005 and a record low of -5.30 percent in January of 2009. This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Wage Growth in Hungary is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Gross Average Wage Growth is projected to trend around 8.20 percent in 2022, according to our econometric models.

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Hungary Gross Average Wage Growth


Calendar GMT Actual Previous Consensus TEForecast
2021-09-29 07:00 AM Jul 8.1% 3.7% 4%
2021-10-29 07:00 AM Aug 8.9% 8.1% 7.8%
2021-11-30 08:00 AM Sep 8.9% 9.5%


Related Last Previous Unit Reference
Unemployment Rate 3.90 4.10 percent Sep/21
Unemployed Persons 194142.00 189278.00 Aug/21
Employed Persons 4678442.00 4704345.00 Aug/21
Job Vacancies 74534.00 62535.00 Jun/21
Wages 414362.00 421001.00 HUF/Month Aug/21
Wage Growth 9.10 8.10 percent Aug/21
Population 9.77 9.77 Million Dec/20
Employment Rate 63.64 63.97 percent Aug/21
Labor Force Participation Rate 66.28 66.55 percent Aug/21

News Stream
Hungary Gross Wages Rise Faster in August
Hungary’s gross average wages rose by 8.9 percent from a year earlier to HUF 426,500 in August of 2021, accelerating from an 8.1 percent increase in the previous month. Wages in the public sector remained strong (10.7 percent vs 11.8 percent in July), while those in the private sector advanced faster (7.2 percent vs 6.2 percent). In the January-August period, average gross earnings were up 8.4 percent from the same period of the previous year to HUF 428,700.
2021-10-29
Hungary Gross Wages Rise Faster in July
Hungary’s gross average wages rose by 8.1 percent from a year earlier to HUF 433,700 in July of 2021, accelerating from a 3.7 percent increase in the previous month. Wages in the public sector rebounded sharply (11.8 percent vs -4.0 percent in June), while those in the private sector rose at a softer pace (6.2 percent vs 6.4 percent).In the January-July period, average gross earnings were up 8.4 percent from the same period of the previous year to HUF 429,000.
2021-09-29
Hungary Gross Average Wage Growth Slows to 6-Year Low
Hungary's gross average wages rose by 3.7 percent from a year earlier in June 2021, easing from an 8.5 percent increase in the previous month. It was the smallest gain in earnings since July 2015, as wages in the private sector rose at a slower pace (6.4 percent vs 6.7 percent in May) and those in the public sector fell sharply (-4.0 percent vs 10.6 percent).
2021-08-31

Hungary Gross Average Wage Growth
Gross wage measures the year over year change in gross monthly average earnings of full-time employees in the national economy.