Parallel to GDP growth, employment trends have been positive since 2010, thanks also to the Government’s labour market policy and other measures. In July-September 2016, the number of people in employment increased, and the unemployment rate fell to a 30-year low. Wages have also risen in the June-August period (July-September data not available yet), boosting consumer demand. Due to rising employment figures, higher tax revenues and favourable macro-economic data, the Government is weighing options to reduce payroll taxes in order to boost wages and, consequently, the standard of living in Hungary.

For more information please check the attached file on the right side of the page!

(Ministry for National Economy)