48
Hungary
Q4 2021
Total Labor Force (000s)
4,853
Employed Workers (000s) 4,664
Unemployed Workers (000s) 189
Unemployment Rate 3.9%
4,503
4,497
4,487
4,362
4,664
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
3.5%
3.8%
4.4%
4.5%
3.9%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
64% - First Vaccine Dose
(December 2021)
Covid Update
Vaccine mandate has
been implemented for
healthcare workers and
state institutions.
22%
9%
27%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Hungary Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$1,336
$1,397 $3.01
$0
$5
$10
$15
$0
$2,500
$5,000
$7,500
Average Wage Manufacturing
Wage
Minimum Wage
Hungary Regional Average
Year on year wage inflation in September '21 was 9.2%.
In June '21 there were 74K open job vacancies.
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
Hiring Demand Trend by Experience Level
TalentNeuron
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://ec.europa.eu/eurostat
https://www.ksh.hu/stadat_files/mun/hu/mun0099.html
