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Hungary Wages: Minimum and Average

Hungary Wages Data

Indicator Data Period
Minimum Wages 624 EUR/Month | 661.999 USD/Month 3Q/23
Wages 559137 HUF/Month | 1537.104 USD/Month Jul/23
Wage Growth  15.2 % Jul/23
Wages High Skilled 281600 HUF/Month | 891.751 USD/Month 2018
Wages Low Skilled  140400 HUF/Month | 444.609 USD/Month 2018


Latest data on Minimum Wages (EUR/Month)

Minimum Wages
                     Hungary - Historical Data (EUR/Month)

What is minimum wage in Hungary?

  • Minimum Wages in Hungary increased to 624 EUR/Month (661.999 USD/Month) in the third quarter of 2023. The maximum rate of minimum wage for employees was 487 EUR/Month and minimum was 89.15 EUR/Month.
  • Data published Quarterly by Eurostat.

Historical Data (EUR/Month) by years

Data
Period
Date
624 3Q/23 22.07.2023
579 1Q/23 03.02.2023
504 3Q/22 23.07.2022
542 1Q/22 29.01.2022
476 3Q/21 24.07.2021
442 1Q/21 05.02.2021
452 3Q/20 25.08.2020
464 4Q/19 20.01.2020


Historical Chart by presidents (EUR/Month)

Minimum Wages in Hungary by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Áder János 10.05.2012 - 411.5200 444.0000 444.6900 411.5200 7.89%


Latest data on Wages (HUF/Month)

Wages
                     Hungary - Historical Data (HUF/Month)

What is average wage in Hungary?

  • Average Wages in Hungary decreased to 559137 HUF/Month (1537.104 USD/Month) in July 2023. The maximum rate of average wage for employees was 449442 HUF/Month and minimum was 60268 HUF/Month.
  • Data published Monthly by Central Statistical Office.

Historical Data (HUF/Month) by years

Data
Period
Date
559137 Jul/23 25.09.2023
566824 Jun/23 24.08.2023
567793 May/23 25.07.2023
568314 Apr/23 22.06.2023
577928 Mar/23 24.05.2023
531155 Feb/23 26.04.2023
528023 Jan/23 29.03.2023
563218 Dec/22 23.02.2023


Historical Chart by presidents (HUF/Month)

Wages in Hungary by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Áder János 10.05.2012 - 296063.0000 331505.0000 331505.0000 290450.0000 11.97%


Latest data on Wage Growth  (%)

Wage Growth 
                     Hungary - Historical Data (%)

What is the growth rate of wages in Hungary?

  • Wage Growth in Hungary increased by 15.2 % in July 2023 over the same month in the previous year. The maximum growth was 26.19 % and minimum was -5.3 %
  • Data published Monthly by Central Statistical Office.

Historical Data (%) by years

Data
Period
Date
15.2 Jul/23 25.09.2023
16 Jun/23 24.08.2023
17.9 May/23 25.07.2023
15.5 Apr/23 22.06.2023
16.6 Mar/23 24.05.2023
0.8 Feb/23 26.04.2023
16.1 Jan/23 28.03.2023
17.9 Dec/22 23.02.2023


Historical Chart by YoY presidents (%)

Wage Growth  in Hungary by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Wages High Skilled (HUF/Month)

Wages High Skilled
                     Hungary - Historical Data (HUF/Month)

How much is average wage for high skilled employees in Hungary?

  • Average wages for high skilled employees in Hungary increased to 281600 HUF/Month (891.751 USD/Month). The maximum level was 281600 HUF/Month and minimum was 218900 HUF/Month.
  • Data published Yearly by Wageindicator Foundation.

Historical Data (HUF/Month) by years

Data
Period
Date
281600 2018 04.07.2019


Historical Chart by presidents (HUF/Month)

Wages High Skilled in Hungary by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Wages Low Skilled  (HUF/Month)

Wages Low Skilled 
                     Hungary - Historical Data (HUF/Month)

How much is average wage for low skilled employees in Hungary?

  • Average wages for low skilled employees in Hungary increased to 140400 HUF/Month (444.609 USD/Month). The maximum level was 140400 HUF/Month and minimum was 109400 HUF/Month.
  • Data published Yearly by Wageindicator Foundation.

Historical Data (HUF/Month) by years

Data
Period
Date
140400 2018 04.07.2019


Historical Chart by presidents (HUF/Month)

Wages Low Skilled  in Hungary by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in Hungary

Index Updated Actual Previous
Retirement Age Men 2022 65 65
Unemployment Rate Aug/23 4.1 % 4
Job Vacancies 2Q/23 79.751 K 83.124
Labor Force Participation Rate Jul/23 67.31 % 67.37
Living Wage Individual 2018 458.542 USD/Month 430.358

Wages in other countries

Country Updated Actual Previous
Austria 2021 2674.517 USD/Month 3100.997
Ireland 2Q/23 3861.659 USD/Month 3921.069
Luxembourg 2022 6692.128 USD/Month 6394.017
Spain 2Q/23 2400.806 USD/Month 2256.525
Iceland 2022 5859.446 USD/Month 5569.374
Norway 2Q/23 4976.271 USD/Month 4885.96
Belarus Aug/23 693.605 USD/Month 683.353
Belgium 2016 3849.76 USD/Month 3801.21
Bulgaria Jun/23 1045.294 USD/Month 1049.634
Croatia Jul/23 1141 USD/Month 1150
Cyprus 2Q/23 2387.015 USD/Month 2388.076
Czech Republic 2Q/23 1865.756 USD/Month 1783.943
Denmark 2021 6341.338 USD/Month 6203.397
Estonia 2Q/23 1987.057 USD/Month 1847.019
Euro Area 1Q/23 2239.55 USD/Month 2198.175
Finland 2Q/23 4119.457 USD/Month 4049.438
France 2021 3523.234 USD/Month 3500.955
Germany 4Q/21 4349.671 USD/Month 4217.059
Hungary Jul/23 1537.104 USD/Month 1558.236
Italy 2022 2786.972 USD/Month 2656.482
Latvia Jun/23 1196.69 USD/Month 1198.812
Lithuania 2Q/23 2121.791 USD/Month 2079.355
Macedonia Jul/23 938.822 USD/Month 943.754
Malta 2Q/23 161.875 USD/Month 163.378
Moldova 2Q/23 670.134 USD/Month 632.158
Montenegro Aug/23 1055.591 USD/Month 1053.469
Poland 2Q/23 1644.292 USD/Month 1671.986
Portugal 2023 1107.575 USD/Month 1087.418
Romania Jul/23 1563.428 USD/Month 1573.471
Russia Jul/23 730.402 USD/Month 783.429
Serbia Jul/23 758.594 USD/Month 774.512
Slovakia Jul/23 1562.699 USD/Month 1607.257
Slovenia Jul/23 2336.092 USD/Month 2340.335
Sweden Jul/23 2832.482 USD/Month 2861.834
Switzerland 2022 7442.892 USD/Month 7376.358
Ukraine Jan/22 398.627 USD/Month 477.275
United Kingdom Aug/19 2798.54 USD/Month
Albania 2Q/23 712.412 USD/Month 650.128
Bosnia and Herzegovina Jul/23 1054.573 USD/Month 1059.998
Kosovo Dec/18 558.79 USD/Month 559.9