Living Wage Family in Hungary increased to 221500 HUF/Month in 2018 from 212300 HUF/Month in 2017.

Living Wage Family in Hungary averaged 211300 HUF/Month from 2015 until 2018, reaching an all time high of 221500 HUF/Month in 2018 and a record low of 202500 HUF/Month in 2015. Hungary Living Wage Family - values, historical data and charts - was last updated on August of 2020.

Living Wage Family in Hungary is expected to reach 238777.00 HUF/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Living Wage Family is projected to trend around 257879.00 HUF/Month in 2021 and 279025.00 HUF/Month in 2022, according to our econometric models.

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Hungary Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
221500.00 212300.00 221500.00 202500.00 2015 - 2018 HUF/Month yearly

Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.10 11.80 3.30 percent [+]
Employed Persons 4408224.00 4403062.00 4520990.00 3678730.00 [+]
Unemployed Persons 214166.00 190198.00 506520.00 155219.00 [+]
Long Term Unemployment Rate 1.00 0.90 5.70 0.90 percent [+]
Youth Unemployment Rate 15.90 13.50 29.30 9.60 percent [+]
Labour Costs 142.10 128.60 142.10 30.60 points [+]
Job Vacancies 58233.00 74824.00 87665.00 21130.00 [+]
Wages 398778.00 400188.00 406388.00 60268.00 HUF/Month [+]
Wage Growth 9.40 7.80 26.19 -5.30 percent [+]
Minimum Wages 464.20 464.20 464.20 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 62.38 61.98 63.14 53.84 percent [+]
Productivity 109.90 108.80 109.90 62.20 points [+]
Employment Change -0.30 0.10 1.80 -1.30 percent [+]
Employment Rate 59.49 59.42 60.95 47.98 percent [+]
Full Time Employment 4180.40 4250.40 4250.40 3150.50 Thousand [+]


Hungary Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.