Over the observed period, the average labor cost in the Hungarian manufacturing industry increased from 3.7 euros an hour in 2000 to approximately 11.1 euros per hour by 2022. However, this value was still considerably lower than the average of the European Union which was measured at 30.5 euros per hour.
Average labor cost for the manufacturing industry in Hungary in selected years from 2000 to 2022
(in euro per hour)
* Labor cost for LCI (compensation of employees plus taxes minus subsidies). Data coverage corresponds to code C of NACE Rev 2 (Manufacturing).
Date of release is date of access.
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Eurostat. (August 24, 2023). Average labor cost for the manufacturing industry in Hungary in selected years from 2000 to 2022 (in euro per hour) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/951354/labor-cost-for-manufacturing-in-hungary/
Eurostat. "Average labor cost for the manufacturing industry in Hungary in selected years from 2000 to 2022 (in euro per hour)." Chart. August 24, 2023. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/951354/labor-cost-for-manufacturing-in-hungary/
Eurostat. (2023). Average labor cost for the manufacturing industry in Hungary in selected years from 2000 to 2022 (in euro per hour). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/951354/labor-cost-for-manufacturing-in-hungary/
Eurostat. "Average Labor Cost for The Manufacturing Industry in Hungary in Selected Years from 2000 to 2022 (in Euro per Hour)." Statista, Statista Inc., 24 Aug 2023, https://www.statista.com/statistics/951354/labor-cost-for-manufacturing-in-hungary/
Eurostat, Average labor cost for the manufacturing industry in Hungary in selected years from 2000 to 2022 (in euro per hour) Statista, https://www.statista.com/statistics/951354/labor-cost-for-manufacturing-in-hungary/ (last visited November 26, 2024)
Average labor cost for the manufacturing industry in Hungary in selected years from 2000 to 2022 (in euro per hour) [Graph], Eurostat, August 24, 2023. [Online]. Available: https://www.statista.com/statistics/951354/labor-cost-for-manufacturing-in-hungary/
