Average gross wages in Hungary went up 8.5 percent year-on-year to HUF 419,073 in May of 2021, easing from a 4-month high of 10.3 percent in the previous month. Excluding public employees, average gross earnings increased 8.3 percent, easing from a 10.3 percent jump in April. In the January-April period, average gross earnings were up 9.5 percent from the same period of the previous year to HUF 414,161. source: Hungarian Central Statistical Office
Wage Growth in Hungary averaged 8.47 percent from 1999 until 2021, 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 August of 2021.
Wage Growth in Hungary is expected to be 8.00 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 8.40 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.