Average gross wages in Hungary increased by 11.2 percent year-on-year to HUF 364,400 in May 2019, following a 9.0 percent gain in the previous month, as wages rose further in both private (11.2 percent compared to 10.3 percent in April) and public sectors (10.7 percent compared to 3.6 percent). In the January-May period, gross wages advanced by 10.6 percent from the same period a year earlier. Wage Growth in Hungary averaged 8.30 percent from 1999 until 2019, 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.

Wage Growth in Hungary is expected to be 8.70 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 7.50 percent in 2020, according to our econometric models.

Hungary Gross Average Wages Growth
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 07:00 AM Gross Wage YoY Feb 12.1% 10.6% 10.4%
2019-05-30 07:00 AM Gross Wage YoY Mar 10.2% 12.1% 10.2%
2019-06-28 07:00 AM Gross Wage YoY Apr 9% 10.2% 10%
2019-07-30 07:00 AM Gross Wage YoY May 11.2% 9% 9.7%
2019-08-30 07:00 AM Gross Wage YoY Jun 11.2% 9.5%
2019-09-30 07:00 AM Gross Wage YoY Jul 9.2%
2019-10-30 07:00 AM Gross Wage YoY Aug 8.9%


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.40 11.80 3.30 percent [+]
Employed Persons 4510859.00 4500356.00 4510859.00 3678730.00 [+]
Unemployed Persons 155488.00 160375.00 506520.00 155488.00 [+]
Long Term Unemployment Rate 1.20 1.30 5.70 1.20 percent [+]
Youth Unemployment Rate 11.50 11.90 29.50 9.60 percent [+]
Labour Costs 133.40 120.70 133.40 31.30 Index Points [+]
Job Vacancies 80024.00 83337.00 87665.00 21130.00 [+]
Wages 364354.00 371131.00 371131.00 60268.00 HUF/Month [+]
Wage Growth 11.20 9.00 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 62.88 62.81 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 [+]
Productivity 100.10 121.70 121.70 59.70 Index Points [+]
Part Time Employment 196.00 189.70 265.20 111.90 Thousand [+]
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 1.00 0.70 2.70 -1.40 percent [+]
Employment Rate 60.78 60.65 68.70 47.98 percent [+]
Full Time Employment 4234.00 4226.70 4234.00 3150.50 Thousand [+]


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. . This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages Growth - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11.20 9.00 26.19 -5.30 1999 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 4.23 May/19
Australia 2.30 Jun/19
Canada 3.40 May/19
Euro Area 2.50 Mar/19
France 0.80 Mar/19
Germany 1.20 Mar/19
Italy 0.70 Jun/19
Japan 0.40 Jun/19
Netherlands 2.59 Jul/19
Russia 3.50 Jul/19
Spain 4.96 Jun/19
Switzerland 0.50 Mar/19
United Kingdom 3.70 Jun/19
United States 5.48 Jun/19


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