Wages in Hungary
The Hungarian economy recorded average wage growth of 10.2% in the decade to 2024, same level as the % average for the . In 2024, wage growth was 13.1%.
Hungary Wages Chart
Note: This chart displays Wages (ann. var. %) for Hungary from 2024 to 2016.
Source: Macrobond.
Hungary Wages Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Wages (ann. var. %) | 9.8 | 8.9 | 17.6 | 14.1 | 13.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hungarian wages projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable wages forecast available for Hungarian wages.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hungarian wages projections.
Want to get access to the full dataset of Hungarian wages forecasts? Send an email to info@focus-economics.com.