Wages in Hungary decreased to 358876 HUF/Month in August from 362595 HUF/Month in July of 2019. Wages in Hungary averaged 191194.18 HUF/Month from 1998 until 2019, reaching an all time high of 371131 HUF/Month in April of 2019 and a record low of 60268 HUF/Month in January of 1998.

Wages in Hungary is expected to be 390576.13 HUF/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Hungary to stand at 393983.00 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 450099.93 HUF/Month in 2020, according to our econometric models.

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Hungary Gross Average Wages
Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.40 11.80 3.30 percent [+]
Employed Persons 4520990.00 4517492.00 4520990.00 3678730.00 [+]
Unemployed Persons 162513.00 156935.00 506520.00 155488.00 [+]
Long Term Unemployment Rate 1.10 1.20 5.70 1.10 percent [+]
Youth Unemployment Rate 10.60 9.90 29.50 9.50 percent [+]
Labour Costs 130.70 133.40 133.40 31.30 Index Points [+]
Job Vacancies 79684.00 80024.00 87665.00 21130.00 [+]
Wages 358876.00 362595.00 371131.00 60268.00 HUF/Month [+]
Wage Growth 11.50 10.70 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 63.12 62.99 63.12 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 [+]
Productivity 109.40 100.10 121.70 59.70 Index Points [+]
Part Time Employment 197.30 196.00 265.20 111.90 Thousand [+]
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 1.00 0.70 2.70 -1.40 percent [+]
Employment Rate 60.93 60.87 60.93 47.98 percent [+]
Full Time Employment 4236.50 4234.00 4236.50 3150.50 Thousand [+]


Hungary Gross Average Wages

In Hungary, wages are benchmarked using average gross salaries. This page provides - Hungary Gross Average Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
358876.00 362595.00 371131.00 60268.00 1998 - 2019 HUF/Month Monthly
Current Prices, NSA




Country Last Previous
Argentina 45187.00 Jul/19 61300
Australia 1237.90 Jun/19 1225
Brazil 2298.00 Sep/19 2298
Canada 25.68 Aug/19 25.54
China 82461.00 Dec/18 74318
Euro Area 1868.00 Jun/19 1859
France 2988.00 Dec/16 2962
Germany 3997.00 Jun/19 3932
India 272.19 Dec/14 256
Italy 2467.00 Dec/18 2436
Japan 306430.00 Sep/19 305988
Mexico 374.46 Sep/19 380
Russia 45100.00 Aug/19 45900
Singapore 5225.00 Jun/19 6005
South Africa 21432.00 Jun/19 20855
South Korea 3585588.00 Jun/19 4021244
Spain 1992.18 Jun/19 1876
Switzerland 6291.00 Dec/18 6260
United Kingdom 542.00 Sep/19 540
United States 23.70 Oct/19 23.66


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