Wages in Hungary decreased to 411032 HUF/Month in January from 449442 HUF/Month in December of 2020. source: Hungarian Central Statistical Office

Wages in Hungary averaged 203977.49 HUF/Month from 1998 until 2021, reaching an all time high of 449442 HUF/Month in December 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 April of 2021.

Wages in Hungary is expected to be 455482.00 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 445559.00 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 525200.00 HUF/Month in 2022 and 568266.00 HUF/Month in 2023, according to our econometric models.

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Hungary Gross Average Wages

Actual Previous Highest Lowest Dates Unit Frequency
411032.00 449442.00 449442.00 60268.00 1998 - 2021 HUF/Month Monthly
Current Prices, NSA

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.30 11.80 3.30 percent [+]
Employed Persons 4573600.00 4573577.00 4627205.00 3678730.00 [+]
Unemployed Persons 216800.00 216761.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 13.60 15.30 29.30 9.60 percent [+]
Labour Costs 132.20 126.60 144.50 30.60 points [+]
Job Vacancies 61573.00 63172.00 87665.00 21130.00 [+]
Wages 411032.00 449442.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 9.50 10.60 26.19 -5.30 percent [+]
Minimum Wages 442.44 451.51 487.10 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 192.40 207.90 265.20 111.90 Thousand [+]
Labor Force Participation Rate 64.80 64.97 65.27 53.84 percent [+]
Productivity 110.50 108.90 110.50 62.20 points [+]
Employment Change 2.40 -4.50 2.40 -4.50 percent [+]
Employment Rate 61.87 62.15 62.15 47.98 percent [+]
Full Time Employment 4205.30 4195.20 4250.40 3150.50 Thousand [+]


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