Hungary's average gross wages advanced by 10.6 percent from a year earlier to HUF 449,400 in December of 2020, following an 8.6 percent rise in the previous month. It was the strongest increase in average gross wages since last July, boosted by one-time bonus payments. Earnings in the private sector surged 11.9 percent, after an 8.9 percent in November; while wages in the public sector advanced 7 percent, easing from an 8.1 percent rise in the prior month. In the January–December period, average gross earnings increased by 9.7 percent to HUF 403,600. source: Hungarian Central Statistical Office

Wage Growth in Hungary averaged 8.46 percent from 1999 until 2020, reaching an all time high of 26.19 percent in January of 2005 and a record low of -5.30 percent in January of 2009. This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Wage Growth in Hungary is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Hungary to stand at 8.00 in 12 months time. In the long-term, the Hungary Gross Average Wages Growth is projected to trend around 8.20 percent in 2022, according to our econometric models.

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Hungary Gross Average Wages Growth

Actual Previous Highest Lowest Dates Unit Frequency
10.60 8.60 26.19 -5.30 1999 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 08:00 AM Sep 8.8% 9.1% 8.1%
2021-01-06 08:00 AM Oct 8.8% 8.8% 8.5%
2021-01-29 08:00 AM Nov 8.6% 8.8% 8%
2021-02-25 08:00 AM Dec 10.6% 8.6% 8.3%
2021-03-31 07:00 AM Jan 10.6%
2021-04-29 07:00 AM Feb
2021-05-28 07:00 AM Mar
2021-06-30 07:00 AM Apr


News Stream
Hungary Gross Wage Growth Strongest in 5 Months
Hungary's average gross wages advanced by 10.6 percent from a year earlier to HUF 449,400 in December of 2020, following an 8.6 percent rise in the previous month. It was the strongest increase in average gross wages since last July, boosted by one-time bonus payments. Earnings in the private sector surged 11.9 percent, after an 8.9 percent in November; while wages in the public sector advanced 7 percent, easing from an 8.1 percent rise in the prior month. In the January–December period, average gross earnings increased by 9.7 percent to HUF 403,600.
2021-02-25
Hungary Gross Wage Growth Slows in November
Hungary's average gross wages rose by 8.6 percent from a year earlier to HUF 438,200 in November of 2020, following a 8.8 percent increase in the previous month. Earnings in the private sector went up 8.9 percent, easing from a 9.4 percent gain in October, and wages in the public sector advanced 8.1 percent, compared to a 7.4 percent rise in the prior month. Considering the January-November period, average gross wages increased by 9.6 percent to HUF 399,300.
2021-01-29
Hungary Gross Wage Growth Steady in October
Hungary's average gross wages rose by 8.8 percent from a year earlier to HUF 397,400 in October of 2020, the same as in September. Earnings in the private sector went up 9.4 percent, easing from a 9.8 percent gain in September, and wages in the public sector advanced 7.4 percent, compared to a 6.5 percent rise in the prior month. Considering the January-October period, average gross wages increased by 9.7 percent to HUF 395,300.
2021-01-06
Hungary Gross Wage Growth Slows in September
Hungary's average gross wages rose by 8.8 percent from a year earlier to HUF 392,300 in September of 2020, slowing from a 9.1 percent growth in the previous month. Earnings in the private sector went up 9.8 percent, easing from a 9.9 percent gain in August, and wages in the public sector advanced 6.5 percent, compared to a 7.5 percent rise. Considering the January-September period, average gross wages increased by 9.8 percent to HUF 395,000.
2020-11-30

Hungary Gross Average Wages Growth
Gross wage measures the year over year change in gross monthly average earnings of full-time employees in the national economy.