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Hungary  

NMW Hungary 2016

The national minimum wage increase in Hungary

In 2016 , the national minimum wage in Hungary remained fixed at 351.3 € per month, that is 4,216 euros per year, taking into account 12 payments per year.

If we look at the minimum salary in Hungarian forints, which is the official currency in Hungary, we can see that, this year, it was 111,000.0 Hungarian forints and accordingly, the national minimum wage has been raised 6,000.0 Hungarian forints per month from the previous year, 5.71%. This increase is greater than the CPI of 2015 which was 0.9%, so workers have gained buying power in the last year.

If we look at the ranking of the national minimum wage that we publish, Hungary is in 36 nd place, so it is among the countries with the lowest minimum salary of the 95 of the list.

The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.

In the table that follows we show you the progression of the National Minimum Wage Hungary. You can see NMW in other countries in National Minimum Wage 2016 and see all the information about this country in Hungary economy.

Hungary - Minimum wages
DateNat. Curr. NMWNMWNMW
2016111,000.0387.3 $351.3 €
2015105,000.0405.2 $332.8 €
2014101,500.0469.5 $341.7 €
201398,000.0443.6 $335.3 €
201293,000.0386.4 $295.6 €
201178,000.0369.0 $280.6 €
201073,500.0390.8 $271.8 €
200971,500.0380.5 $268.1 €
200869,000.0399.8 $271.9 €
200765,500.0341.8 $260.2 €
200662,500.0292.6 $247.2 €
200557,000.0316.2 $231.7 €
200453,000.0254.9 $201.9 €
200350,000.0220.3 $211.6 €
200250,000.0179.2 $203.9 €
200140,000.0139.9 $150.9 €
200025,500.0101.0 $100.1 €
199922,500.0122.2 $89.2 €
199817,000.092.3 $
199714,500.0
199612,200.0
Hungary - Minimum wages