Labour Costs in Hungary decreased to 124.30 Index Points in the second quarter of 2018 from 130 Index Points in the first quarter of 2018. Labour Costs in Hungary averaged 85.66 Index Points from 1995 until 2018, reaching an all time high of 130 Index Points in the first quarter of 2018 and a record low of 32 Index Points in the first quarter of 1995.

Labour Costs in Hungary is expected to be 123.38 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Hungary to stand at 123.32 in 12 months time. In the long-term, the Hungary Unit Labour Costs is projected to trend around 123.32 Index Points in 2020, according to our econometric models.

Hungary Unit Labour Costs
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Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.70 11.80 3.60 percent [+]
Employed Persons 4486797.00 4483561.00 4486797.00 3678730.00 [+]
Unemployed Persons 178243.00 173125.00 506520.00 165147.00 [+]
Long Term Unemployment Rate 1.40 1.60 5.70 1.40 percent [+]
Youth Unemployment Rate 10.00 9.70 29.40 9.40 percent [+]
Labour Costs 124.30 130.00 130.00 32.00 Index Points [+]
Job Vacancies 83611.00 79428.00 83611.00 21130.00 [+]
Wages 321172.00 326724.00 340559.00 60268.00 HUF/Month [+]
Wage Growth 10.10 12.80 26.19 -5.30 percent [+]
Minimum Wages 418.47 444.69 444.69 89.15 EUR/Month [+]
Population 9.78 9.80 10.71 9.21 Million [+]
Retirement Age Women 63.50 63.50 63.50 59.00 [+]
Retirement Age Men 63.50 63.50 63.50 60.00 [+]
Labor Force Participation Rate 62.77 62.64 62.77 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 [+]
Part Time Employment 185.20 179.60 265.20 111.90 Thousand [+]
Productivity 104.60 98.00 119.00 59.70 Index Points [+]
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 0.50 0.70 2.70 -1.40 percent [+]
Employment Rate 60.37 60.31 68.70 47.98 percent [+]
Full Time Employment 4233.10 4202.70 4233.10 3150.50 Thousand [+]


Hungary Unit Labour Costs

This page provides - Hungary Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Unit Labour Costs - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
124.30 130.00 130.00 32.00 1995 - 2018 Index Points Quarterly
NSA, 2010=100




Country Last
Australia 100.60 Jun/18
Brazil 99.29 Sep/18
Canada 116.80 Jun/18
China 104.80 Sep/18
Euro Area 113.70 Jun/18
France 108.10 Jun/18
Germany 113.18 Jun/18
Italy 107.00 Jun/18
Mexico 82.30 Sep/18
Netherlands 115.30 Jun/18
Singapore 107.90 Jun/18
South Africa 150.80 Mar/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 153.67 Jun/18
United Kingdom 103.90 Jun/18
United States 109.66 Sep/18


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