Minimum Wages in Hungary increased to 476 EUR/Month in the third quarter of 2021 from 442.44 EUR/Month in the first quarter of 2021. source: EUROSTAT

Minimum Wages in Hungary averaged 290.45 EUR/Month from 1999 until 2021, reaching an all time high of 487.10 EUR/Month in the first quarter of 2020 and a record low of 89.15 EUR/Month in the first quarter of 1999. This page provides - Hungary Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Minimum Monthly Wage - values, historical data and charts - was last updated on October of 2021.

Minimum Wages in Hungary is expected to be 440.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Hungary to stand at 480.00 in 12 months time. In the long-term, the Hungary Gross Minimum Monthly Wage is projected to trend around 480.00 EUR/Month in 2022 and 510.00 EUR/Month in 2023, according to our econometric models.

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Hungary Gross Minimum Monthly Wage


Hungary Last Unit Reference Previous Highest Lowest
Long Term Unemployment Rate 1.10 percent Mar/21 1.30 5.70 0.90
Youth Unemployment Rate 15.80 percent Aug/21 16.40 29.70 8.50
Labour Costs 141.10 points Jun/21 149.90 149.90 30.70
Minimum Wages 476.00 EUR/Month Sep/21 442.44 487.10 89.15
Productivity 113.20 points Jun/21 112.50 113.20 62.20
Part Time Employment 210.40 Thousand Jun/21 213.80 265.20 111.90
Full Time Employment 4314.00 Thousand Jun/21 4262.50 4314.00 3150.50
Employment Change 1.10 percent Mar/21 1.10 2.10 -4.50