Hungary’s unemployment rate fell to 3.6 percent in the first quarter of 2019 from 3.9 percent in the same period of the previous year, as the number of unemployed declined by 12.2 thousand to 12.2 thousand while employment increased by 62.9 thousand to 4.50 million. Meanwhile, labour force participation rate advanced to 62.8 percent from 62 percent a year earlier. Unemployment Rate in Hungary averaged 7.34 percent from 1999 until 2019, reaching an all time high of 11.80 percent in March of 2010 and a record low of 3.60 percent in June of 2018.

Unemployment Rate in Hungary is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Hungary to stand at 3.50 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

Hungary Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-30 08:00 AM Unemployment Rate 3.6% 3.6% 4.20%
2019-02-27 08:00 AM Unemployment Rate 3.7% 3.6% 4.30%
2019-03-28 08:00 AM Unemployment Rate 3.6% 3.7% 3.7%
2019-04-29 07:00 AM Unemployment Rate 3.6% 3.6% 3.7%
2019-05-29 07:00 AM Unemployment Rate 3.6% 3.7%
2019-06-27 07:00 AM Unemployment Rate 3.6%
2019-07-29 07:00 AM Unemployment Rate 3.6%


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.60 11.80 3.60 percent [+]
Employed Persons 4497052.00 4497385.00 4502086.00 3678730.00 [+]
Unemployed Persons 165722.00 168150.00 506520.00 165147.00 [+]
Long Term Unemployment Rate 1.30 1.40 5.70 1.30 percent [+]
Youth Unemployment Rate 11.00 11.60 29.50 9.60 percent [+]
Labour Costs 120.70 117.50 129.30 31.30 Index Points [+]
Job Vacancies 83337.00 87665.00 87665.00 21130.00 [+]
Wages 345860.00 343469.00 359978.00 60268.00 HUF/Month [+]
Wage Growth 12.10 10.60 26.19 -5.30 percent [+]
Minimum Wages 464.20 418.47 464.20 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 62.84 62.87 62.93 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 [+]
Part Time Employment 189.70 194.70 265.20 111.90 Thousand [+]
Productivity 121.70 112.40 121.70 59.70 Index Points [+]
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 0.60 0.50 2.60 -1.40 percent [+]
Employment Rate 60.61 60.60 68.70 47.98 percent [+]
Full Time Employment 4226.70 4230.90 4233.10 3150.50 Thousand [+]


Hungary Unemployment Rate

In Hungary, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Hungary Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.60 11.80 3.60 1999 - 2019 percent Monthly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


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