Hungary Unemployment Rate  Forecast


Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows clients to download millions of rows of historical data, to query our real-time economic calendar and to subscribe to updates.

Interested? Click here to contact us


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 4.40 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 Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.1 4.2 4.3 4.4 4.4 5
Employed Persons 4450651 4436207 4430135 4429485 4425326 4391962
Unemployed Persons 188517 187000 191370 193194 195622 215408
Long Term Unemployment Rate 1.9 1.87 1.93 2 2.1 3.01
Youth Unemployment Rate 11 11.27 11.43 11.57 11.71 12.83
Labour Costs 121 115 120 120 116 117
Job Vacancies 65711 64663 63046 62251 61507 56199
Wages 292440 292465 292666 291920 291465 287132
Wage Growth 13.6 14 12 9.8 5.1 2.8
Minimum Wages 412 364 425 439 440 400
Population 9.8 9.8 9.76 9.76 9.76 9.73
Retirement Age Women 62.5 62.5 62.5 62.5 62 62.5
Retirement Age Men 62.5 62.5 62.5 62.5 62 62.5
Labor Force Participation Rate 62.25 62.06 62.02 61.99 61.95 61.62
Living Wage Family 239100 226817 226868 226894 226920 226500
Living Wage Individual 164300 153176 153587 153792 153998 151109
Part Time Employment 194 190 190 189 189 184
Productivity 101 111 95.97 100 103 107
Wages High Skilled 272000 236186 235857 235692 235528 236075
Wages Low Skilled 137900 118631 119002 119187 119373 118751
Employment Change 0.3 0.28 0.23 0.21 0.17 0.12
Employment Rate 59.72 59.57 59.45 59.43 59.38 58.91
Full Time Employment 4129 4114 4105 4099 4091 4026