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

Average gross wages in Hungary rose 10.9 percent year-on-year to HUF 327,500 in May of 2018 , easing from a 12.6 percent gain in the previous month. Wages advanced at a softer pace in the public sector (9.9 percent compared to 16.6 percent in April) and in the private (11.0 percent compared to 11.1 percent). Wages have been increasing, mainly due to rises in the minimum wage (8 percent) and guaranteed minimum (12 percent) as well as salary adjustments affecting specific areas of the public sector and the employees of some state owned public service companies. Considering the first five months of the year, average gross earnings went up 12.1 percent to HUF 323,400. Wage Growth in Hungary averaged 8.18 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
2018-05-23 07:00 AM Gross Wage YoY 11.3% 11.9% 10.8%
2018-06-21 07:00 AM Gross Wage YoY 12.6% 11.3% 11.5%
2018-07-20 07:00 AM Gross Wage YoY 10.9% 12.6% 11.9%
2018-08-22 07:00 AM Gross Wage YoY 10.9% 11.7%
2018-09-20 07:00 AM Gross Wage YoY 11.5%
2018-10-19 07:00 AM Gross Wage YoY 10.9%


Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.70 11.80 3.60 percent [+]
Employed Persons 4474595.00 4457023.00 4477393.00 3678730.00 [+]
Unemployed Persons 165147.00 170627.00 506520.00 165147.00 [+]
Long Term Unemployment Rate 1.60 1.50 5.70 1.50 percent [+]
Youth Unemployment Rate 9.90 9.40 29.40 9.40 percent [+]
Labour Costs 130.00 115.20 130.00 32.00 Index Points [+]
Job Vacancies 79428.00 73216.00 79428.00 21130.00 [+]
Wages 327486.00 340559.00 340559.00 60268.00 HUF/Month [+]
Wage Growth 10.90 12.60 26.19 -5.30 percent [+]
Minimum Wages 444.69 412.66 444.69 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 62.39 62.23 62.39 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 179.60 191.10 265.20 111.90 Thousand [+]
Productivity 98.00 119.00 119.00 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 0.70 0.70 2.70 -1.40 percent [+]
Employment Rate 60.17 59.94 68.70 47.98 percent [+]
Full Time Employment 4202.70 4206.70 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.90 12.60 26.19 -5.30 1999 - 2018 percent Monthly
NSA




wage growth by Country
Country Last
Australia 2.10 Jun/18
Euro Area 1.80 Mar/18
France 0.70 Mar/18
Germany 1.10 Mar/18
Italy 2.00 Jun/18
Japan 3.60 Jun/18
Netherlands 2.19 Jul/18
Russia 7.20 Jun/18
Switzerland 0.80 Mar/18
United Kingdom 2.40 Jun/18
United States 4.89 May/18


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