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.

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Hungary Gross Average Wages Growth

Actual Previous Highest Lowest Dates Unit Frequency
8.50 10.30 26.19 -5.30 1999 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 07:00 AM Feb 9.6% 9.2% 9%
2021-05-28 07:00 AM Mar 9.2% 9.6% 9.4%
2021-06-30 07:00 AM Apr 10.3% 9.2% 9.1%
2021-07-30 07:00 AM May 8.5% 10.3% 10%
2021-08-31 07:00 AM Jun 8.5%
2021-09-29 07:00 AM Jul
2021-10-29 08:00 AM Aug
2021-11-30 08:00 AM Sep


News Stream
Hungary Gross Wage Growth Slows in May
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.
2021-07-30
Hungary Gross Wage Growth at 4-Month High
Average gross wages in Hungary hiked 10.3 percent year-on-year to HUF 427,641 in April of 2021, following a 9.2 percent jump in the previous month. It was the steepest increase in average gross wages since December of 2020, driven by faster growth rates in wages of both the public sector (12.7 percent vs 11.0 percent in March) and the private sector (9.0 percent vs 8.0 percent). In the January-April period, average gross earnings were up 9.7 percent from the same period of the previous year to HUF 412,920.
2021-06-30
Hungary Gross Wage Growth Edges Down in March
Hungary’s average gross wages advanced by 9.2 percent from a year earlier to HUF 423,706 in March of 2021, following a 9.6 percent increase in the previous month. Earnings in the private sector rose by 8.0 percent, after a 8.9 percent increase in February; while wages in the public sector increased at a softer 11.0 percent, after a 13.5 percent gain in the previous month. In the January-March period, average gross earnings jumped 9.4 percent from the same period of the previous year to HUF 407,981.
2021-05-28
Hungary Gross Wage Growth Quickens in February
Hungary's average gross wages advanced 9.6 percent from a year earlier to HUF 414,400 in February of 2021, following a downwardly revised 9.2 percent jump in the previous month. Earnings in the private sector rose 8.9 percent, after an 8.5 percent rise in January; while wages in the public sector surged a faster 13.5 percent, after a 13.3 percent gain in the previous month. In the January-February period, average gross earnings jumped 9.7 percent from the same period of the previous year to HUF 412,700.
2021-04-29

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.