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 2021, marking a 3.4 percent increase compared to the preceding year. However, according to the forecast of the European Commission, real wages are expected to register a negative growth rate in 2023, reaching a decrease of 1.5 percent.
Changes in consumer prices
Hungary has recorded peaking inflation years 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 and 20 percent, respectively. Over the same time 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 2021, men earned over 17 percent more than women working in Hungary, which represented a larger gender pay gap than the average of the European Union.
Development of real wages in Hungary from 2019 to 2023
(compared to the previous year)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Hans-Böckler-Stiftung. (July 1, 2023). Development of real wages in Hungary from 2019 to 2023 (compared to the previous year) [Graph]. In Statista. Retrieved October 16, 2024, from https://www.statista.com/statistics/1012756/hungary-real-wage-development/
Hans-Böckler-Stiftung. "Development of real wages in Hungary from 2019 to 2023 (compared to the previous year)." Chart. July 1, 2023. Statista. Accessed October 16, 2024. https://www.statista.com/statistics/1012756/hungary-real-wage-development/
Hans-Böckler-Stiftung. (2023). Development of real wages in Hungary from 2019 to 2023 (compared to the previous year). Statista. Statista Inc.. Accessed: October 16, 2024. https://www.statista.com/statistics/1012756/hungary-real-wage-development/
Hans-Böckler-Stiftung. "Development of Real Wages in Hungary from 2019 to 2023 (Compared to The Previous Year)." Statista, Statista Inc., 1 Jul 2023, https://www.statista.com/statistics/1012756/hungary-real-wage-development/
Hans-Böckler-Stiftung, Development of real wages in Hungary from 2019 to 2023 (compared to the previous year) Statista, https://www.statista.com/statistics/1012756/hungary-real-wage-development/ (last visited October 16, 2024)
Development of real wages in Hungary from 2019 to 2023 (compared to the previous year) [Graph], Hans-Böckler-Stiftung, July 1, 2023. [Online]. Available: https://www.statista.com/statistics/1012756/hungary-real-wage-development/