Living Wage Individual in Hungary increased to 144800 HUF/Month in 2018 from 135900 HUF/Month in 2017. source: WageIndicator Foundation

Living Wage Individual in Hungary averaged 135225 HUF/Month from 2015 until 2018, reaching an all time high of 144800 HUF/Month in 2018 and a record low of 127200 HUF/Month in 2015. Hungary Living Wage Individual - values, historical data and charts - was last updated on June of 2021.

Living Wage Individual in Hungary is expected to reach 156384.00 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 Individual is projected to trend around 169207.00 HUF/Month in 2022 and 183083.00 HUF/Month in 2023, according to our econometric models.

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Hungary Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
144800.00 135900.00 144800.00 127200.00 2015 - 2018 HUF/Month yearly

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.50 11.80 3.30 percent [+]
Employed Persons 4559329.00 4615983.00 4627205.00 3678730.00 [+]
Unemployed Persons 211114.00 193616.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 13.90 11.50 29.30 9.60 percent [+]
Labour Costs 149.90 132.20 149.90 30.60 points [+]
Job Vacancies 61573.00 63172.00 87665.00 21130.00 [+]
Wages 423706.00 401934.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 9.20 9.60 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 64.77 65.25 65.27 53.84 percent [+]
Productivity 112.50 110.50 112.50 62.20 points [+]
Employment Change 0.80 2.50 2.50 -4.40 percent [+]
Employment Rate 61.90 62.62 63.12 49.49 percent [+]
Full Time Employment 4205.30 4195.20 4250.40 3150.50 Thousand [+]


Hungary Living Wage Individual
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.