Hungary Gross Average Wages Growth  1999-2018 | Data | Chart | Calendar

Average gross wages in Hungary increased 11.9 percent year-on-year to HUF 306,500 in February of 2018, following a 13.9 percent gain in the prior month. Wages in the private sector went up 10.7 percent compared to 13.2 percent in January and those in the public sector rose 14.5 percent compared to 15.3 percent. The major impact on earnings growth came from an increase of 8 percent in the minimum wage and 12 percent in the guaranteed minimum wage as well as salary adjustments affecting specific areas of the public sector and the employees of some state owned public service companies. Considering the January to February period, average gross earnings grew 12.9 percent to HUF 308,700, with the biggest gain being reported in financial and insurance activities (HUF 555,600). Wage Growth in Hungary averaged 8.13 percent from 1999 until 2018, 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.

Hungary Gross Average Wages Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-20 08:00 AM Gross Wage YoY 13.5% 13% 12.6%
2018-03-20 08:00 AM Gross Wage YoY 13.8% 13.5% 12.7%
2018-04-20 07:00 AM Gross Wage YoY 11.9% 13.8% 13.2%
2018-05-23 07:00 AM Gross Wage YoY 11.9% 12.96%
2018-06-21 07:00 AM Gross Wage YoY 12.91%
2018-07-20 07:00 AM Gross Wage YoY 12.79%


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.80 11.80 3.80 percent [+]
Employed Persons 4441000.00 4435893.00 4450651.00 3678730.00 [+]
Unemployed Persons 178000.00 173680.00 506520.00 173680.00 [+]
Long Term Unemployment Rate 1.50 1.50 5.70 1.50 percent [+]
Youth Unemployment Rate 11.00 10.80 29.40 10.30 percent [+]
Labour Costs 115.20 110.60 124.30 32.00 Index Points [+]
Job Vacancies 73216.00 73713.00 73713.00 21130.00 [+]
Wages 306507.00 310817.00 327713.00 60268.00 HUF/Month [+]
Wage Growth 11.90 13.80 26.19 -5.30 percent [+]
Minimum Wages 444.69 412.66 444.69 89.15 EUR/Month [+]
Population 9.80 9.83 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 62.11 61.99 62.25 53.84 percent [+]
Living Wage Family 239100.00 236000.00 239100.00 198600.00 HUF/Month [+]
Living Wage Individual 164300.00 160700.00 164300.00 124800.00 HUF/Month [+]
Part Time Employment 191.10 178.60 265.20 111.90 Thousand [+]
Productivity 119.00 107.50 119.00 59.70 Index Points [+]
Wages High Skilled 272000.00 228800.00 272000.00 217000.00 HUF/Month [+]
Wages Low Skilled 137900.00 115100.00 137900.00 108800.00 HUF/Month [+]
Employment Change 0.60 0.30 2.70 -1.40 percent [+]
Employment Rate 68.70 59.65 68.70 47.98 percent [+]
Full Time Employment 4206.70 4223.80 4223.80 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
11.90 13.80 26.19 -5.30 1999 - 2018 percent Monthly
NSA




wage growth by Country
Country Last
Australia 2.10 Dec/17
Euro Area 1.70 Dec/17
France 0.10 Dec/17
Germany 0.50 Dec/17
Italy 0.90 Feb/18
Japan 1.30 Feb/18
Netherlands 1.83 Mar/18
Russia 6.50 Mar/18
Switzerland 0.50 Sep/17
United Kingdom 2.80 Feb/18
United States 4.47 Feb/18


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