Labor Force Participation Rate in Hungary decreased to 66.16 percent in May from 66.23 percent in April of 2022. source: Hungarian Central Statistical Office

Labor Force Participation Rate in Hungary averaged 60.08 percent from 2006 until 2022, reaching an all time high of 66.30 percent in November of 2021 and a record low of 53.84 percent in January of 2009. This page provides - Hungary Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Labor Force Participation Rate - values, historical data and charts - was last updated on August of 2022.

Labor Force Participation Rate in Hungary is expected to be 62.83 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Labor Force Participation Rate is projected to trend around 62.86 percent in 2023, according to our econometric models.

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Hungary Labor Force Participation Rate

Related Last Previous Unit Reference
Unemployment Rate 3.20 3.40 percent Jun 2022
Employed Persons 4693221.00 4693335.00 May 2022
Unemployed Persons 156948.00 164686.00 May 2022
Job Vacancies 86881.00 79987.00 Mar 2022
Wages 481598.00 492043.00 HUF/Month May 2022
Wage Growth 14.90 15.10 percent May 2022
Population 9.73 9.77 Million Dec 2021
Employment Rate 64.01 63.99 percent May 2022
Labor Force Participation Rate 66.16 66.23 percent May 2022

Hungary Labor Force Participation Rate
In Hungary, labor force participation rate refers to the percentage of the population, both employed and unemployed, that constitutes the manpower supply of the labor market. Data presented as the 3-months moving average.
Actual Previous Highest Lowest Dates Unit Frequency
66.16 66.23 66.30 53.84 2006 - 2022 percent Monthly