Wages in Hungary
The economy of Hungary recorded an average growth rate of 8.8% in the decade to 2022. In 2022, wage growth was 17.4%.
Hungary Wages Chart
Note: This chart displays Wages (ann. var. %) for Hungary from 2017 to 2016.
Source: Macrobond.
Hungary Wages Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Wages (ann. var. %) | 11.5 | 9.8 | 8.8 | 17.4 | 14.3 |
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 11 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.