Wages in Hungary increased to 714400 HUF/Month in March from 661400 HUF/Month in February of 2025. This dataset provides - Hungary Gross Average Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hungarians' monthly net average earnings followed an increasing trend over the observed time. In 2024, monthly net average earnings totaled approximately 430 thousand forints in the country.

Wages in Hungary increased 8.50 percent in March of 2025 over the same month in the previous year. This dataset provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Hungary Monthly Earnings

• Hungary Monthly Earnings stood at 1,884 USD in Dec 2024, compared with the previous figure of 1,831 USD in Nov 2024
• Hungary Monthly Earnings data is updated monthly, available from Jan 2002 to Dec 2024, with an average number of 1,021 USD
• The data reached the an all-time high of 1,904 USD in Dec 2023 and a record low of 389 USD in Feb 2002

CEIC converts Monthly Earnings into USD. Hungarian Central Statistical Office provides Average Gross Monthly Earnings in local currency. The Magyar Nemzeti Bank average market exchange rate is used for currency conversions. Monthly Earnings cover persons employed in private enterprises with at least 1 employee and all government, social security and non-profit institutions. Monthly Earnings prior to January 2019 is based on old methodology.


Further information about Hungary Monthly Earnings

• In the latest reports, Hungary Population reached 10 million people in Dec 2024
• Unemployment Rate of Hungary dropped to 4 % in Dec 2024
• The country's Labour Force Participation Rate dropped to 68 % in Dec 2024

Men had a considerably higher monthly gross salary than women working in Hungary, over the time period in question. As of 2023, the average monthly gross salary of men employed in the country totaled 619 thousand forints, while women earned on average 523 thousand forints.

Key information about Hungary Household Income per Capita

• Hungary Annual Household Income per Capita reached 10,266.736 USD in Dec 2023, compared with the previous value of 8,277.037 USD in Dec 2022.
• Hungary Annual Household Income per Capita data is updated yearly, available from Dec 2000 to Dec 2023, with an averaged value of 5,733.197 USD.
• The data reached an all-time high of 10,266.736 USD in Dec 2023 and a record low of 1,832.809 USD in Dec 2000.
• In the latest reports, Retail Sales of Hungary grew 4.262 % YoY in Aug 2024.

CEIC converts Annual Household Income per Capita into USD. Hungarian Central Statistical Office provides Household Income per Capita in local currency. The Magyar Nemzeti Bank average market exchange rate is used for currency conversions.

The monthly average gross income in Hungary in 2022 totaled nearly 516 thousand forints. This was the highest value recorded over the considered period of time.

Real wage development refers to the inflation-adjusted growth in wages, indicating the amount of goods and services individuals can purchase compared to the previous year. Over the observed period, the highest growth rate of real wages in Hungary was recorded in 2024, marking a 7.3 percent increase compared to the preceding year. Changes in consumer prices  Hungary has recorded peaking inflation rates over the past years, surpassing all EU countries. The change in consumer prices affected different commodity groups to a varying extent. As of August 2023, electricity, gas, and other fuels, as well as other goods such as motor fuels and lubricants, recorded the highest inflation rates, reaching a year-over-year price increase of 35 percent and 20 percent, respectively. Over the same period, food prices increased by 19.5 percent in the country. How large is the gender pay gap in Hungary?  The gender wage gap is the difference between the average gross hourly earnings of men and women across all sectors. Despite the significant steps taken toward achieving gender equality, there is still a major difference between the hourly earnings of Hungarian men and women. In 2022, men earned 17.5 percent more than women working in Hungary, which represented a significantly larger gender pay gap than the average of the European Union.

Hungary Household Wage Index: Avg Net Nominal Wages and Salaries per Earner data was reported at 1,973.368 1990=100 in 2017. This records an increase from the previous number of 1,747.890 1990=100 for 2016. Hungary Household Wage Index: Avg Net Nominal Wages and Salaries per Earner data is updated yearly, averaging 933.031 1990=100 from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 1,973.368 1990=100 in 2017 and a record low of 125.500 1990=100 in 1991. Hungary Household Wage Index: Avg Net Nominal Wages and Salaries per Earner data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.H016: Household Wage Index.

By the end of 2022, the average monthly net income in Hungary was the highest in the city of Budapest, followed by the county of Győr-Moson-Sopron, where it reached 357 thousand forints. By comparison, the average monthly net income reached only 241 thousand forints in the county of Szabolcs-Szatmár-Bereg.

Hungary Household Wage Index: Real Income per Capita data was reported at 122.000 1990=100 in 2017. This records an increase from the previous number of 117.900 1990=100 for 2016. Hungary Household Wage Index: Real Income per Capita data is updated yearly, averaging 103.700 1990=100 from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 122.000 1990=100 in 2017 and a record low of 84.300 1990=100 in 1996. Hungary Household Wage Index: Real Income per Capita data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.H016: Household Wage Index.

Hungary HU: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 7.700 % in 2021. This records a decrease from the previous number of 10.000 % for 2020. Hungary HU: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 10.550 % from Dec 2004 (Median) to 2021, with 18 observations. The data reached an all-time high of 12.900 % in 2005 and a record low of 7.700 % in 2021. Hungary HU: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hungary – Table HU.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Explore the progression of average salaries for graduates in Hungarian Minor English from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Hungarian Minor English relative to other fields. This data is essential for students assessing the return on investment of their education in Hungarian Minor English, providing a clear picture of financial prospects post-graduation.

In 2022, the year-over-year growth rate of net average earnings of full-time employees in the Hungarian private sector was estimated to reach 15.3 percent. Moreover, this figure is expected to increase by a further 12.7 percent in 2023.

As of June 2020, the average monthly net salary of full time employees was the highest in the economic sector of financial services. At the same time, the lowest salaries were recorded in the hospitality sector.

Hungary Household Income data was reported at 52,915.790 HUF bn in 2023. This records an increase from the previous number of 45,268.927 HUF bn for 2022. Hungary Household Income data is updated yearly, averaging 18,831.024 HUF bn from Dec 1995 (Median) to 2023, with 29 observations. The data reached an all-time high of 52,915.790 HUF bn in 2023 and a record low of 4,538.994 HUF bn in 1995. Hungary Household Income data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.H017: Household Income.

Hungary Avg Gross Monthly Earnings: EB: BI: HW: Social Work Activities data was reported at 138,330.008 HUF in May 2018. This records an increase from the previous number of 137,370.666 HUF for Apr 2018. Hungary Avg Gross Monthly Earnings: EB: BI: HW: Social Work Activities data is updated monthly, averaging 114,521.000 HUF from Jan 2006 (Median) to May 2018, with 149 observations. The data reached an all-time high of 138,330.008 HUF in May 2018 and a record low of 94,181.000 HUF in Dec 2013. Hungary Avg Gross Monthly Earnings: EB: BI: HW: Social Work Activities data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.G012: Average Gross Monthly Earnings: NACE Rev. 2.

The annual per capita gross income increased in Hungary over the observed period of time. In 2023, Hungarians' average annual gross earnings amounted to over 3.6 million forints.

Hungary - Median of the housing cost burden distribution: Above 60% of median equivalised income was 12.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Median of the housing cost burden distribution: Above 60% of median equivalised income - last updated from the EUROSTAT on June of 2025. Historically, Hungary - Median of the housing cost burden distribution: Above 60% of median equivalised income reached a record high of 21.40% in December of 2012 and a record low of 8.40% in December of 2020.

Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population (%) in Hungary was reported at 7.16 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.