In 2020, the national minimum wage in Hungary remained fixed at 487.1 € per month, that is 5,845 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 161,000 Hungarian forints and accordingly, the national minimum wage has been raised 12,000 Hungarian forints per month from the previous year, 8.05%. This increase is greater than the CPI of 2019 which was 4%, 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 34 nd place, so it is among the countries with the lowest minimum salary of the 97 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 2020 and see all the information about this country in Hungary economy.