Wages in Hungary decreased to 364354 HUF/Month in May from 371131 HUF/Month in April of 2019. Wages in Hungary averaged 189199.29 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.

Wages in Hungary is expected to be 350831.42 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 3.30 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

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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
364354.00 371131.00 371131.00 60268.00 1998 - 2019 HUF/Month Monthly
Current Prices, NSA




Country Last Previous
Argentina 40911.00 Apr/19
Australia 1237.90 Jun/19
Brazil 2290.00 Jun/19
Canada 25.60 May/19
China 82461.00 Dec/18
France 2988.00 Dec/16
Germany 3932.00 Mar/19
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 560430.00 Jun/19
Mexico 376.63 Jun/19
Russia 49840.00 Jun/19
Singapore 6005.00 Mar/19
South Africa 20855.00 Mar/19
South Korea 4021244.00 Mar/19
Spain 1876.19 Mar/19
Switzerland 6291.00 Dec/18
United Kingdom 538.00 Jun/19
United States 23.46 Jul/19


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