Hungary Gross Average Wages Growth  1999-2017 | Data | Chart | Calendar

Gross wages in Hungary went up 10.7 percent year-on-year in February of 2017, following a 10 percent rise in January and the highest gain since February of 2008. Wages in the public sector rose 13.8 percent (12 percent in the previous month), due to rises in minimum wage (15 percent) and guaranteed minimum wage (25 percent) as well as salary adjustments in new areas of the public sector, namely in health and cultural fields. In addition, earnings in the private sector increased 9.4 percent (9.1 percent in the previous month). Full-time employees’ average gross nominal earnings amounted to HUF 274,300 at corporations employing at least 5 persons. Average gross earnings were the highest in financial and insurance activities (HUF 517,100) and the lowest in human health and social work activities (HUF 172,900). Wage Growth in Hungary averaged 7.85 percent from 1999 until 2017, reaching an all time high of 26.19 percent in January of 2005 and a record low of -5.30 percent in January of 2009.

Hungary Gross Average Wages Growth
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-20 08:00 AM Dec 5.7% 8.2% 7.6%
2017-03-20 08:00 AM Jan 10% 5.7% 5.9%
2017-04-20 07:00 AM Feb 10.7% 10% 7.2%
2017-05-19 07:00 AM Mar 10.7% 8.09%
2017-06-21 07:00 AM Apr 8.16%
2017-07-20 07:00 AM May 8.38%




Hungary Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.40 11.80 4.30 percent [+]
Employed Persons 4367928.00 4371533.00 4414354.00 3678730.00 [+]
Unemployed Persons 206759.00 202526.00 506520.00 197565.00 [+]
Long Term Unemployment Rate 2.20 2.50 5.70 2.20 percent [+]
Youth Unemployment Rate 11.20 11.50 29.20 10.90 percent [+]
Labour Costs 113.40 111.00 120.10 31.60 Index Points [+]
Job Vacancies 55526.00 57876.00 57876.00 21130.00 [+]
Wages 274799.00 273822.00 288801.00 60268.00 HUF/Month [+]
Wage Growth 10.70 10.00 26.19 -5.30 percent [+]
Minimum Wages 411.52 350.09 411.52 89.15 EUR/Month [+]
Population 9.83 9.86 10.71 9.21 Million [+]
Retirement Age Women 62.50 62.50 62.60 59.00 [+]
Retirement Age Men 62.50 62.50 62.50 60.00 [+]
Employment Change 0.50 0.20 2.80 -1.40 percent [+]
Employment Rate 58.82 58.49 58.82 48.00 percent [+]
Full Time Employment 4157.10 4135.70 4157.10 3150.50 Thousand [+]
Productivity 113.00 103.50 113.00 59.70 Index Points [+]
Part Time Employment 201.70 206.60 265.20 111.90 Thousand [+]
Labor Force Participation Rate 61.13 61.07 61.61 53.84 percent [+]
Living Wage Family 230141.50 222903.40 355300.00 212114.50 HUF/Month [+]
Living Wage Individual 180032.10 179101.40 180032.10 164811.50 HUF/Month [+]
Wages High Skilled 271000.00 262900.00 274300.00 185500.00 HUF/Month [+]
Wages Low Skilled 116300.00 116100.00 116300.00 110500.00 HUF/Month [+]


Hungary Gross Average Wages Growth Notes

Gross wage measures the year over year change in gross monthly average earnings of full-time employees in the national economy. . This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wages Growth - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
10.70 10.00 26.19 -5.30 1999 - 2017 percent Monthly
NSA



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