Average gross wages in Hungary increased by 12.1 percent year-on-year to HUF 345,860 in February 2019, following a 10.6 percent gain in the previous month, as wages rose further in both private (12.1 percent compared to 11.8 percent in January) and public sectors (11.9 percent compared to 6.4 percent). In the first two months, gross wages advanced by 11.4 percent from the same period a year earlier. Wage Growth in Hungary averaged 8.28 percent from 1999 until 2019, 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.

Wage Growth in Hungary is expected to be 9.50 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 8.20 in 12 months time. In the long-term, the Hungary Gross Average Wages Growth is projected to trend around 7.50 percent in 2020, according to our econometric models.

Hungary Gross Average Wages Growth
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-22 08:00 AM Gross Wage YoY 10.4% 10.8% 11%
2019-02-21 08:00 AM Gross Wage YoY 10.2% 10.4% 10.3%
2019-03-29 08:00 AM Gross Wage YoY 10.6% 10.2% 10%
2019-04-30 07:00 AM Gross Wage YoY 12.1% 10.6% 10.4%
2019-05-30 07:00 AM Gross Wage YoY 12.1% 10.2%
2019-06-28 07:00 AM Gross Wage YoY 10%
2019-07-30 07:00 AM Gross Wage YoY 9.7%


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.60 11.80 3.60 percent [+]
Employed Persons 4497052.00 4497385.00 4502086.00 3678730.00 [+]
Unemployed Persons 165722.00 168150.00 506520.00 165147.00 [+]
Long Term Unemployment Rate 1.30 1.40 5.70 1.30 percent [+]
Youth Unemployment Rate 11.00 11.60 29.50 9.60 percent [+]
Labour Costs 120.70 117.50 129.30 31.30 Index Points [+]
Job Vacancies 83337.00 87665.00 87665.00 21130.00 [+]
Wages 345860.00 343469.00 359978.00 60268.00 HUF/Month [+]
Wage Growth 12.10 10.60 26.19 -5.30 percent [+]
Minimum Wages 464.20 418.47 464.20 89.15 EUR/Month [+]
Population 9.78 9.80 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 [+]
Labor Force Participation Rate 62.84 62.87 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 189.70 194.70 265.20 111.90 Thousand [+]
Productivity 121.70 112.40 121.70 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 0.60 0.50 2.60 -1.40 percent [+]
Employment Rate 60.61 60.60 68.70 47.98 percent [+]
Full Time Employment 4226.70 4230.90 4233.10 3150.50 Thousand [+]


Hungary Gross Average Wages Growth

Gross wage measures the year over year change in gross monthly average earnings of full-time employees in the national economy. . This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages Growth - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.10 10.60 26.19 -5.30 1999 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 2.74 Feb/19
Australia 2.30 Mar/19
Canada 1.10 Feb/19
Euro Area 2.30 Dec/18
France 0.40 Jun/18
Germany 1.40 Dec/18
Italy 1.50 Mar/19
Japan -1.90 Mar/19
Netherlands 2.34 Apr/19
Russia 0.00 Mar/19
Switzerland 0.50 Sep/18
United Kingdom 3.20 Mar/19
United States 4.19 Mar/19


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