Compensation of employees in Hungary
Hungary: Compensation of employees was 6.50 trillion current LCU in 2024. ◆ Volatile
Compensation of employees in Hungary, 1981–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in Hungary is 6.50 trillion current LCU, measured in 2024. That is the highest value across all 44 years on record.
The figure is up 14.0% on the previous year and up 160.2% over ten years.
Over the whole period, compensation of employees in Hungary peaked at 6.50 trillion current LCU in 2024 and was at its lowest, 29.60 billion current LCU, in 1981.
That places Hungary 15th out of 156 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 44.46 billion current LCU | 29.60 billion current LCU | 71.70 billion current LCU | 9 |
| 1990s | 281.59 billion current LCU | 69.60 billion current LCU | 578.54 billion current LCU | 10 |
| 2000s | 1.20 trillion current LCU | 686.56 billion current LCU | 1.54 trillion current LCU | 10 |
| 2010s | 2.54 trillion current LCU | 1.43 trillion current LCU | 3.81 trillion current LCU | 10 |
| 2020s | 5.25 trillion current LCU | 4.15 trillion current LCU | 6.50 trillion current LCU | 5 |
Countries ranked near Hungary
More public sector data for Hungary
- Arms imports 604.00 million SIPRI trend indicator values (2024)
- Tax revenue 22.7% (2024)
- Taxes on income, profits and capital gains 18.9% (2024)
- Taxes on goods and services 37.1% (2024)
- Net investment in nonfinancial assets 3.4% (2024)
- Net lending (+) / net borrowing (-) -4.5% (2024)
- Interest payments 12.2% (2024)
- Grants and other revenue 15.8% (2024)
- Interest payments 6.6% (2022)
- Other taxes 1.7% (2024)
Frequently asked questions
- What is compensation of employees in Hungary?
- Compensation of employees in Hungary was 6.50 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Hungary?
- The highest recorded value was 6.50 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Hungary?
- The lowest recorded value was 29.60 billion current LCU in 1981.
- How does Hungary rank for compensation of employees?
- Hungary ranks 15th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Hungary?
- Over the last ten years it is up 160.2%. The long-run trend across the full record is volatile.
- Where does this Hungary data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.