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

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. Hungary Living Wage Family - values, historical data and charts - was last updated on March of 2021.

Living Wage Family in Hungary is expected to reach 239220.00 HUF/Month by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Living Wage Family is projected to trend around 258836.00 HUF/Month in 2022 and 280061.00 HUF/Month in 2023, 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 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 11.60 11.90 29.30 9.60 percent [+]
Labour Costs 125.90 151.50 151.50 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 108.90 107.90 109.90 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 [+]


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.