Hungary's average gross wages advanced by 9.5 percent from a year earlier to HUF 411,000 in January of 2021, following a 10.6 percent surge in the previous month. Earnings in the private sector rose 8.5 percent, easing from an 11.9 percent increase in December; while wages in the public sector surged 13.3 percent, after a 7 percent rise in the previous month. source: Hungarian Central Statistical Office
Wage Growth in Hungary averaged 8.47 percent from 1999 until 2021, reaching an all time high of 26.19 percent in January of 2005 and a record low of -5.30 percent in January of 2009. This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages Growth - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Wage Growth in Hungary is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Hungary to stand at 8.00 in 12 months time. In the long-term, the Hungary Gross Average Wages Growth is projected to trend around 8.20 percent in 2022, according to our econometric models.