Labour Costs in Hungary increased to 132.20 points in the fourth quarter of 2020 from 125.90 points in the third quarter of 2020. source: EUROSTAT

Labour Costs in Hungary averaged 89.31 points from 1995 until 2020, reaching an all time high of 151.50 points in the second quarter of 2020 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 March of 2021.

Labour Costs in Hungary is expected to be 152.76 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 135.97 in 12 months time. In the long-term, the Hungary Unit Labour Costs is projected to trend around 147.12 points in 2022 and 159.19 points in 2023, according to our econometric models.

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Hungary Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
132.20 125.90 151.50 30.60 1995 - 2020 points Quarterly
NSA, 2010=100

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.10 11.80 3.30 percent [+]
Employed Persons 4600958.00 4482318.00 4600958.00 3678730.00 [+]
Unemployed Persons 208869.00 196507.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 15.30 10.90 29.30 9.60 percent [+]
Labour Costs 132.20 125.90 151.50 30.60 points [+]
Job Vacancies 63172.00 59698.00 87665.00 21130.00 [+]
Wages 449442.00 438246.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 10.60 8.60 26.19 -5.30 percent [+]
Minimum Wages 442.44 451.51 487.10 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 64.97 63.18 64.97 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 62.15 60.53 62.15 47.98 percent [+]
Full Time Employment 4195.20 4077.10 4250.40 3150.50 Thousand [+]