Unemployment in Hungary
The unemployment rate in Hungary averaged 5.2% in the decade to 2022, below the 7.4% average for Eastern Europe. The unemployment rate in 2022 was 3.6%. For more unemployment information, visit our dedicated page.
Hungary Unemployment Chart
Note: This chart displays Unemployment Rate for Hungary from 2021 to 2020.
Source: Macrobond.
Hungary Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 3.3 | 4.0 | 4.1 | 3.5 | 4.1 |
| Unemployment (% of active population, eop) | 3.1 | 4.1 | 3.7 | 3.9 | 4.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hungarian unemployment projections for the next ten years from a panel of 26 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 unemployment forecast available for Hungarian unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hungarian unemployment projections.
Want to get access to the full dataset of Hungarian unemployment forecasts? Send an email to info@focus-economics.com.