Hungary Gross Average Wages - Forecast

Wages in Hungary is expected to be 339000.00 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 329265.93 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 375000.00 HUF/Month in 2020, according to our econometric models.


Forecast Data Chart
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Hungary Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.6 3.8 4.2 4.3 4.4 5
Employed Persons 4483602 4491851 4500487 4515766 4527254 4619767
Unemployed Persons 166234 171377 168628 169911 169256 169452
Long Term Unemployment Rate 1.6 1.59 1.61 1.61 1.62 1.63
Youth Unemployment Rate 10.2 10.12 10.26 10.24 10.27 10.28
Labour Costs 124 124 123 123 123 123
Job Vacancies 83611 90443 90265 95255 98360 121401
Wages 326724 339000 367000 342000 329266 375000
Wage Growth 12.8 10.6 10.3 8.8 8.5 6
Minimum Wages 418 418 418 450 450 500
Population 9.78 9.78 9.78 9.75 9.75 9.73
Retirement Age Women 63.5 63.5 63.5 64 63 64.5
Retirement Age Men 63.5 63.5 63.5 64 63 64.5
Labor Force Participation Rate 62.53 62.59 62.46 62.44 62.48 62.48
Living Wage Family 239100 239900 239900 239900 241778 239900
Living Wage Individual 164300 165780 166327 166611 166896 168463
Part Time Employment 180 175 176 174 172 168
Productivity 105 105 105 105 105 105
Wages High Skilled 272000 280083 280083 280083 235806 285074
Wages Low Skilled 137900 140900 140900 140900 119072 141750
Employment Change 0.5 0.54 0.48 0.49 0.54 0.53
Employment Rate 60.29 61.18 62.38 61.73 61.44 61.44
Full Time Employment 4203 4242 4237 4237 4247 4263