Labour Costs in Hungary increased to 151.50 points in the second quarter of 2020 from 142.10 points in the first quarter of 2020.

Labour Costs in Hungary averaged 88.54 points from 1995 until 2020, reaching an all time high of 151.50 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 September of 2020.

Labour Costs in Hungary is expected to be 133.18 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 152.90 in 12 months time. In the long-term, the Hungary Unit Labour Costs is projected to trend around 149.72 points in 2021 and 162.00 points in 2022, according to our econometric models.

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Hungary Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
151.50 142.10 151.50 30.60 1995 - 2020 points Quarterly
NSA, 2010=100

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.60 11.80 3.30 percent [+]
Employed Persons 4438933.00 4408224.00 4520990.00 3678730.00 [+]
Unemployed Persons 224303.00 214166.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.00 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 15.20 15.90 29.30 9.60 percent [+]
Labour Costs 151.50 142.10 151.50 30.60 points [+]
Job Vacancies 59698.00 58233.00 87665.00 21130.00 [+]
Wages 421743.00 398778.00 421743.00 60268.00 HUF/Month [+]
Wage Growth 15.60 9.40 26.19 -5.30 percent [+]
Minimum Wages 451.51 487.10 487.10 89.15 EUR/Month [+]
Population 9.77 9.78 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 206.00 187.20 265.20 111.90 Thousand [+]
Labor Force Participation Rate 62.94 62.38 63.14 53.84 percent [+]
Productivity 107.90 109.90 109.90 62.20 points [+]
Employment Change -5.30 -0.30 1.80 -5.30 percent [+]
Employment Rate 59.91 59.49 60.95 47.98 percent [+]
Full Time Employment 4180.40 4250.40 4250.40 3150.50 Thousand [+]