Compensation of Employees (Local Currency) reached 3,408 HUF bil in 2018 in Hungary. This is 7.37 % more than in the previous year.
Historically, Compensation of Employees (Local Currency) in Hungary reached an all time high of 3,408 HUF bil in 2018 and an all time low of HUF bil in. When compared to Hungary's main peers, Compensation of Employees (Local Currency) in Austria amounted to 16.2 EUR bil, 234 CZK bil in Czech Republic, 95.6 PLN bil in Poland and 4.84 EUR bil in Slovakia in 2018.
Hungary has been ranked 12th within the group of 115 countries we follow in terms of Compensation of Employees (Local Currency), 1 places behind the position seen 10 years ago.
Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.