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. Hungary Living Wage Family - values, historical data and charts - was last updated on May of 2020.

Living Wage Family in Hungary is expected to reach 241435.00 HUF/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Living Wage Family is projected to trend around 260750.00 HUF/Month in 2021 and 282131.00 HUF/Month in 2022, 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 3.70 3.50 11.80 3.30 percent [+]
Employed Persons 4465756.00 4489600.00 4520990.00 3678730.00 [+]
Unemployed Persons 172999.00 163741.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 0.90 1.10 5.70 0.90 percent [+]
Youth Unemployment Rate 11.30 10.70 29.30 9.60 percent [+]
Labour Costs 128.60 123.10 133.40 31.30 points [+]
Job Vacancies 74824.00 78315.00 87665.00 21130.00 [+]
Wages 377303.00 375232.00 406388.00 60268.00 HUF/Month [+]
Wage Growth 9.10 9.20 26.19 -5.30 percent [+]
Minimum Wages 464.20 464.20 464.20 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 187.20 201.00 265.20 111.90 Thousand [+]
Labor Force Participation Rate 62.59 62.78 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 [+]
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 [+]
Productivity 108.80 108.30 108.80 62.20 points [+]
Employment Change 0.20 0.10 1.80 -1.30 percent [+]
Employment Rate 60.26 60.57 60.95 47.98 percent [+]
Full Time Employment 4250.40 4241.60 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.