Living Wage Family in Hungary increased to 221500 HUF/Month in 2018 from 212300 HUF/Month in 2017.

Living Wage Family in Hungary averaged 211300 HUF/Month from 2015 until 2018, reaching an all time high of 221500 HUF/Month in 2018 and a record low of 202500 HUF/Month in 2015.

Living Wage Family in Hungary is expected to be 243650.00 HUF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Living Wage Family is projected to trend around 282131.00 HUF/Month in 2020, according to our econometric models.


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Hungary Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
221500.00 212300.00 221500.00 202500.00 2015 - 2018 HUF/Month yearly

Hungary Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.50 11.80 3.30 percent [+]
Employed Persons 4517042.00 4520453.00 4520990.00 3678730.00 [+]
Unemployed Persons 163286.00 163616.00 506520.00 155488.00 [+]
Long Term Unemployment Rate 1.10 1.10 5.70 1.10 percent [+]
Youth Unemployment Rate 13.00 12.40 29.50 9.60 percent [+]
Labour Costs 123.10 130.70 133.40 31.30 points [+]
Job Vacancies 78315.00 79684.00 87665.00 21130.00 [+]
Wages 365135.00 360709.00 371131.00 60268.00 HUF/Month [+]
Wage Growth 11.60 11.80 26.19 -5.30 percent [+]
Minimum Wages 464.20 464.20 464.20 89.15 EUR/Month [+]
Population 9.78 9.80 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 [+]
Labor Force Participation Rate 63.11 63.14 63.14 53.84 percent [+]
Living Wage Family 221500.00 212300.00 221500.00 202500.00 HUF/Month [+]
Living Wage Individual 144800.00 135900.00 144800.00 127200.00 HUF/Month [+]
Productivity 114.40 109.40 121.70 59.70 points [+]
Part Time Employment 201.00 197.30 265.20 111.90 Thousand [+]
Wages High Skilled 281600.00 246400.00 281600.00 218900.00 HUF/Month [+]
Wages Low Skilled 140400.00 120700.00 140400.00 109400.00 HUF/Month [+]
Employment Change 0.20 0.30 1.80 -1.30 percent [+]
Employment Rate 60.90 60.94 60.94 47.98 percent [+]
Full Time Employment 4241.60 4236.50 4241.60 3150.50 Thousand [+]