Labour Costs in Hungary increased to 132.20 points in the fourth quarter of 2020 from 126.60 points in the third quarter of 2020. source: EUROSTAT

Labour Costs in Hungary averaged 89 points from 1995 until 2020, reaching an all time high of 144.50 points in the second quarter of 2020 and a record low of 30.60 points in the first quarter of 1995. This page provides - Hungary Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Unit Labour Costs - values, historical data and charts - was last updated on April of 2021.

Labour Costs in Hungary is expected to be 154.18 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 142.78 in 12 months time. In the long-term, the Hungary Unit Labour Costs is projected to trend around 154.48 points in 2022 and 167.15 points in 2023, according to our econometric models.

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Hungary Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
132.20 126.60 144.50 30.60 1995 - 2020 points Quarterly
NSA, 2010=100

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.30 11.80 3.30 percent [+]
Employed Persons 4573600.00 4573577.00 4627205.00 3678730.00 [+]
Unemployed Persons 216800.00 216761.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.20 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 13.60 15.30 29.30 9.60 percent [+]
Labour Costs 132.20 126.60 144.50 30.60 points [+]
Job Vacancies 61573.00 63172.00 87665.00 21130.00 [+]
Wages 411032.00 449442.00 449442.00 60268.00 HUF/Month [+]
Wage Growth 9.50 10.60 26.19 -5.30 percent [+]
Minimum Wages 442.44 451.51 487.10 89.15 EUR/Month [+]
Population 9.77 9.77 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 [+]
Part Time Employment 192.40 207.90 265.20 111.90 Thousand [+]
Labor Force Participation Rate 64.80 64.97 65.27 53.84 percent [+]
Productivity 110.50 108.90 110.50 62.20 points [+]
Employment Change 2.40 -4.50 2.40 -4.50 percent [+]
Employment Rate 61.87 62.15 62.15 47.98 percent [+]
Full Time Employment 4205.30 4195.20 4250.40 3150.50 Thousand [+]