Wages in Hungary is expected to be 367000.00 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 325630.16 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.


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Hungary Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.8 4.2 4.3 4.4 4.5 5
Employed Persons 4486797 4480475 4479605 4481093 4481072 4480810
Unemployed Persons 178243 176014 178974 178107 178753 178671
Long Term Unemployment Rate 1.4 1.34 1.28 1.26 1.26 1.22
Youth Unemployment Rate 10 10.25 10.29 10.33 10.35 10.37
Labour Costs 124 123 123 123 123 123
Job Vacancies 83611 89610 94578 97311 102289 119067
Wages 321172 367000 342000 325672 325630 375000
Wage Growth 10.1 10.3 8.8 8.5 8.4 6
Minimum Wages 418 418 450 450 450 500
Population 9.78 9.78 9.75 9.75 9.74 9.73
Retirement Age Women 63.5 63.5 64 63.5 63.5 64.5
Retirement Age Men 63.5 63.5 64 63.5 63.5 64.5
Labor Force Participation Rate 62.77 62.74 62.65 62.67 62.7 62.69
Living Wage Family 221500 239900 239900 215131 216246 239900
Living Wage Individual 144800 135532 137558 138571 139583 136128
Part Time Employment 185 183 181 182 181 181
Productivity 105 105 105 105 105 105
Wages High Skilled 281600 280083 280083 258170 262610 285074
Wages Low Skilled 140400 140900 140900 126837 128843 141750
Employment Change 0.5 0.48 0.49 0.54 0.53 0.53
Employment Rate 60.37 60.5 60.5 60.5 60.5 60.5
Full Time Employment 4233 4243 4244 4257 4263 4275