Hungary Gross Average Wages Growth


Gross wages in Hungary went up 10 percent year-on-year in January of 2017, following a 5.7 percent rise in December and the highest gain since December of 2011. Wages in the public sector jumped 12 percent (8.5 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 9.1 percent (4.4 percent in the previous month). Full-time employees’ average gross nominal earnings amounted to HUF 273,800 at corporations employing at least 5 persons. Average gross earnings were the highest in financial and insurance activities (HUF 525,000) and the lowest in human health and social work activities (HUF 171,900). Wage Growth in Hungary averaged 7.84 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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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 March of 2017.