Wages in Hungary increased to 365135 HUF/Month in October from 360709 HUF/Month in September of 2019.

Wages in Hungary averaged 192505.08 HUF/Month from 1998 until 2019, reaching an all time high of 371131 HUF/Month in April of 2019 and a record low of 60268 HUF/Month in January of 1998. This page provides - Hungary Gross Average Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Hungary is expected to be 403876.00 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 393173.00 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 459446.00 HUF/Month in 2020, according to our econometric models.


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Hungary Gross Average Wages

Actual Previous Highest Lowest Dates Unit Frequency
365135.00 360709.00 371131.00 60268.00 1998 - 2019 HUF/Month Monthly
Current Prices, NSA

Hungary Gross Average Wages
In Hungary, wages are benchmarked using average gross salaries.

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.50 11.80 3.30 percent [+]
Employed Persons 4517042.00 4520453.00 4520990.00 3678730.00 [+]
Unemployed Persons 163286.00 163616.00 506520.00 155488.00 [+]
Long Term Unemployment Rate 1.10 1.10 5.70 1.10 percent [+]
Youth Unemployment Rate 13.00 12.40 29.50 9.60 percent [+]
Labour Costs 123.10 130.70 133.40 31.30 points [+]
Job Vacancies 78315.00 79684.00 87665.00 21130.00 [+]
Wages 365135.00 360709.00 371131.00 60268.00 HUF/Month [+]
Wage Growth 11.60 11.80 26.19 -5.30 percent [+]
Minimum Wages 464.20 464.20 464.20 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 63.11 63.14 63.14 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 114.40 109.40 121.70 59.70 points [+]
Part Time Employment 201.00 197.30 265.20 111.90 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 0.20 0.30 1.80 -1.30 percent [+]
Employment Rate 60.90 60.94 60.94 47.98 percent [+]
Full Time Employment 4241.60 4236.50 4241.60 3150.50 Thousand [+]