The unemployment rate in Hungary decreased to 3.7 percent in the three month to October 2018 from 4 percent in the same period of the previous year. The number of unemployed went down by 10.6 thousand from the previous year to 172.9 thousand and employment rose by 57 thousand to 4.502 million. The 15-24 age group registered the highest jobless rate (10.5 percent), followed by the 25-54 age group (3.3 percent) and the 55-74 age group (2.5 percent). Among genders, the jobless rate was lower for men (3.3 percent from 3.5 percent) than for women (4.1 percent from 4.6 percent). Meanwhile, the employment rate increased to 60.6 percent from 59.7 percent and the activity rate went up to 62.9 percent from 62.1 percent. Unemployment Rate in Hungary averaged 7.42 percent from 1999 until 2018, reaching an all time high of 11.80 percent in March of 2010 and a record low of 3.60 percent in June of 2018.

Unemployment Rate in Hungary is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Hungary to stand at 4.50 in 12 months time. In the long-term, the Hungary Unemployment Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Hungary Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-29 07:00 AM Unemployment Rate 3.6% 3.6% 3.7%
2018-09-27 07:00 AM Unemployment Rate 3.7% 3.6% 3.7%
2018-10-30 08:00 AM Unemployment Rate 3.8% 3.7% 3.8%
2018-11-28 08:00 AM Unemployment Rate 3.7% 3.8% 3.8%
2019-01-04 08:00 AM Unemployment Rate 3.7%
2019-01-25 08:00 AM Unemployment Rate 4.2%
2019-02-27 08:00 AM Unemployment Rate


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.80 11.80 3.60 percent [+]
Employed Persons 4502086.00 4486797.00 4502086.00 3678730.00 [+]
Unemployed Persons 172904.00 178243.00 506520.00 165147.00 [+]
Long Term Unemployment Rate 1.40 1.60 5.70 1.40 percent [+]
Youth Unemployment Rate 9.90 10.00 29.40 9.40 percent [+]
Labour Costs 117.50 124.30 130.00 32.00 Index Points [+]
Job Vacancies 83611.00 79428.00 83611.00 21130.00 [+]
Wages 322752.00 321172.00 340559.00 60268.00 HUF/Month [+]
Wage Growth 10.40 10.10 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 62.93 62.77 62.93 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 112.40 104.60 119.00 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 60.60 60.37 68.70 47.98 percent [+]
Full Time Employment 4233.10 4202.70 4233.10 3150.50 Thousand [+]


Hungary Unemployment Rate

In Hungary, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Hungary Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.80 11.80 3.60 1999 - 2018 percent Monthly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.40 Sep/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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