Hungary Gross Average Wages - Forecast

Wages in Hungary is expected to be 312173.17 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 313577.93 in 12 months time. In the long-term, the Hungary Gross Average Wages is projected to trend around 308000.80 HUF/Month in 2020, according to our econometric models.


Hungary Gross Average Wages
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Hungary Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.8 4.3 4.4 4.4 4.4 5
Employed Persons 4447393 4438955 4435642 4432559 4428568 4386124
Unemployed Persons 175192 181677 183924 185998 188519 213930
Long Term Unemployment Rate 1.5 1.4 1.39 1.42 1.49 2.73
Youth Unemployment Rate 10.3 10.2 10.34 10.49 10.64 12.13
Labour Costs 111 120 119 114 114 115
Job Vacancies 73713 72751 70503 69593 68661 61536
Wages 327713 312173 314875 314736 313578 308001
Wage Growth 13.5 12 9.8 5.1 3.4 2.8
Minimum Wages 445 445 445 445 445 550
Population 9.8 9.76 9.76 9.76 9.76 9.73
Retirement Age Women 62.5 62.5 62.5 62 62.5 62.5
Retirement Age Men 62.5 62.5 62.5 62 62.5 62.5
Labor Force Participation Rate 62.13 62.08 62.05 62.01 61.97 61.55
Living Wage Family 239100 239900 239900 239900 239900 239900
Living Wage Individual 164300 153381 153587 153792 153998 150986
Part Time Employment 179 177 175 175 174 171
Productivity 108 96.04 99.95 107 110 107
Wages High Skilled 272000 280083 280083 280083 280083 285074
Wages Low Skilled 137900 140900 140900 140900 140900 141750
Employment Change 0.3 0.16 0.16 0.14 0.14 0.12
Employment Rate 59.77 59.65 59.58 59.54 59.49 58.9
Full Time Employment 4224 4213 4217 4211 4204 4128