Wages in Hungary increased to 345860 HUF/Month in February from 343469 HUF/Month in January of 2019. Wages in Hungary averaged 187092.80 HUF/Month from 1998 until 2019, reaching an all time high of 359978 HUF/Month in December of 2018 and a record low of 60268 HUF/Month in January of 1998.

Wages in Hungary is expected to be 360885.72 HUF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Hungary to stand at 371633.46 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 450099.93 HUF/Month in 2020, according to our econometric models.

Hungary Gross Average Wages
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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 Gross Average Wages

In Hungary, wages are benchmarked using average gross salaries. This page provides - Hungary Gross Average Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
345860.00 343469.00 359978.00 60268.00 1998 - 2019 HUF/Month Monthly
Current Prices, NSA




Country Last Previous
Argentina 38242.00 Feb/19
Australia 1225.30 Dec/18
Brazil 2291.00 Mar/19
Canada 25.72 Feb/19
China 74318.00 Dec/17
France 2988.00 Dec/16
Germany 3899.00 Sep/18
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 316506.00 Mar/19
Mexico 372.83 Mar/19
Russia 45000.00 Mar/19
Singapore 5752.00 Dec/18
South Africa 21190.00 Dec/18
South Korea 3359019.00 Dec/18
Spain 2039.01 Dec/18
Switzerland 6291.00 Dec/18
United Kingdom 528.00 Mar/19
United States 23.31 Apr/19


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