Hungary’s gross average wages rose by 8.1 percent from a year earlier to HUF 433,700 in July of 2021, accelerating from a 3.7 percent increase in the previous month. Wages in the public sector rebounded sharply (11.8 percent vs -4.0 percent in June), while those in the private sector rose at a softer pace (6.2 percent vs 6.4 percent).In the January-July period, average gross earnings were up 8.4 percent from the same period of the previous year to HUF 429,000. source: Hungarian Central Statistical Office

Wage Growth in Hungary averaged 8.46 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 Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Wage Growth in Hungary is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Gross Average Wage Growth is projected to trend around 8.20 percent in 2022, according to our econometric models.

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Hungary Gross Average Wage Growth


Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 07:00 AM Jun 3.7% 8.5% 8%
2021-09-29 07:00 AM Jul 8.1% 3.7% 4%
2021-10-29 07:00 AM Aug 8.1% 7.8%


News Stream
Hungary Gross Wages Rise Faster in July
Hungary’s gross average wages rose by 8.1 percent from a year earlier to HUF 433,700 in July of 2021, accelerating from a 3.7 percent increase in the previous month. Wages in the public sector rebounded sharply (11.8 percent vs -4.0 percent in June), while those in the private sector rose at a softer pace (6.2 percent vs 6.4 percent).In the January-July period, average gross earnings were up 8.4 percent from the same period of the previous year to HUF 429,000.
2021-09-29
Hungary Gross Average Wage Growth Slows to 6-Year Low
Hungary's gross average wages rose by 3.7 percent from a year earlier in June 2021, easing from an 8.5 percent increase in the previous month. It was the smallest gain in earnings since July 2015, as wages in the private sector rose at a slower pace (6.4 percent vs 6.7 percent in May) and those in the public sector fell sharply (-4.0 percent vs 10.6 percent).
2021-08-31
Hungary Gross Wage Growth Slows in May
Average gross wages in Hungary went up 8.5 percent year-on-year to HUF 419,073 in May of 2021, easing from a 4-month high of 10.3 percent in the previous month. Excluding public employees, average gross earnings increased 8.3 percent, easing from a 10.3 percent jump in April. In the January-April period, average gross earnings were up 9.5 percent from the same period of the previous year to HUF 414,161.
2021-07-30

Hungary Last Unit Reference Previous Highest Lowest
Unemployment Rate 4.10 percent Aug/21 3.90 11.80 3.30
Employed Persons 4678442.00 Aug/21 4704345.00 4704345.00 3678730.00
Unemployed Persons 194142.00 Aug/21 189278.00 506520.00 155219.00
Job Vacancies 62535.00 Mar/21 61573.00 87665.00 21130.00
Wages 421001.00 HUF/Month Jul/21 423621.00 449442.00 60268.00
Wage Growth 8.10 percent Jul/21 3.70 26.19 -5.30
Population 9.77 Million Dec/20 9.77 10.71 9.21
Employment Rate 63.64 percent Aug/21 63.97 63.97 49.49
Labor Force Participation Rate 66.28 percent Aug/21 66.55 66.55 53.84


Hungary Gross Average Wage Growth
Gross wage measures the year over year change in gross monthly average earnings of full-time employees in the national economy.