Hungary Hungary National Minimum Wage - NMW

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NMW Hungary 2024

Hungary rises the national minimum wage

In 2024, the national minimum wage in Hungary remained fixed at €697 per month, that is 8,364 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 266,800 Hungarian forints and accordingly, the national minimum wage has been raised 34,800 Hungarian forints per month from the previous year, 15%. This increase is greater than the CPI of 2023 which was 5.5%, 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 40 nd place, so it is among the countries with the lowest minimum salary of the 120 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 2024 and see all the information about this country in Hungary economy.

Hungary - Minimum wages
DateNat. Curr. NMWNMWNMW
January 2024266,800.0$953.5€697.0
June 2023232,000.0$829.2€625.6
January 2023232,000.0$657.1€578.7
June 2022200,000.0$714.8€504.8
January 2022200,000.0$536.8€541.7
June 2021167,400.0$598.3€481.6
January 2021161,000.0$552.2€442.4
January 2020161,000.0$522.7€487.1
June 2019149,000.0$532.5€459.4
January 2019149,000.0$512.6€464.2
June 2018138,000.0$507.2€432.8
January 2018138,000.0$510.7€444.7
June 2017127,500.0$462.9€415.0
January 2017127,500.0$464.6€411.5
June 2016111,000.0$393.3€353.4
January 2016111,000.0$394.3€351.3
June 2015105,000.0$371.6€339.9
January 2015105,000.0$375.9€332.8
June 2014101,500.0$456.4€335.2
January 2014101,500.0$436.4€341.7
June 201398,000.0$430.0€331.0
January 201398,000.0$438.1€335.3
June 201293,000.0$384.2€308.3
January 201293,000.0$413.1€295.6
June 201178,000.0$421.2€292.3
January 201178,000.0$388.0€280.6
June 201073,500.0$334.3€266.8
January 201073,500.0$353.5€271.8
June 200971,500.0$356.1€253.1
January 200971,500.0$353.4€268.1
June 200869,000.0$443.7€285.9
January 200869,000.0$400.9€271.9
June 200765,500.0$351.7€261.7
January 200765,500.0$356.7€260.2
June 200662,500.0$306.1€238.5
January 200662,500.0$297.1€247.2
June 200557,000.0$281.4€224.8
January 200557,000.0$285.6€231.7
June 200453,000.0$258.8€210.8
January 200453,000.0$261.4€201.9
June 200350,000.0$237.2€200.2
January 200350,000.0$222.9€211.6
January 200250,000.0$193.9€203.9
June 200140,000.0$133.8€157.6
January 200140,000.0$139.6€150.9
June 200025,500.0$91.6€98.4
January 200025,500.0$90.4€100.1
June 199922,500.0$94.9€90.1
January 199922,500.0$94.9€89.2
January 199819,500.0$91.0
January 199717,000.0$91.0
January 199614,500.0$95.0
January 199512,200.0$97.1
Hungary - Minimum wages