Hungary: Labor cost

* indicates monthly or quarterly data series
The most recent value is 162.9 index points as of Q4 2024, an increase compared to the previous value of 159 index points. Historically, the average for Hungary from Q1 2000 to Q4 2024 is 69.35 index points. The minimum of 24.3 index points was recorded in Q1 2000, while the maximum of 162.9 index points was reached in Q4 2024. Click on the following link to see the values of: Labor cost around the world.
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* indicates monthly or quarterly data series

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  • Measure: index points
  • Source: Eurostat

Recent values Hungary: Labor cost index
2024  Q4 162.9
2024  Q3 159
2024  Q2 154.3
2024  Q1 150.8
2023  Q4 146.9
2023  Q3 141.1
2023  Q2 138
2023  Q1 132.7


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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest Reference Measure
 Labor force 5.00 2023 million people
 Unemployment rate 4.13 2023 percent
 Female unemployment 4.15 2023 percent
 Male unemployment 4.10 2023 percent
 Youth unemployment 12.76 2023 percent
 Labor force participation 60.96 2023 percent
 Labor force: percent female 46.45 2023 percent
 Female labor force participation 53.98 2023 percent
 Male labor force participation 68.67 2023 percent
 Hours worked 1,679.20 2023 hours
 Self-employment 12.68 2022 percent
 Employment 4.69 Q4/2024 million employed people
 Unemployment rate 4.50 2/2025 percent
 Labor cost 162.90 Q4/2024 index points
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