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Hungary

The Hungarian economy is projected to grow in line with the EU average. Whilst the economy is dominated mainly by micro-enterprises, it is primarily large enterprises – particularly foreign-owned ones – that drive economic growth. In 2012, the share of people working in industry was higher than the EU average, and lower for market services and non-market services. The shortage of skilled workers in certain sectors, occupations and regions has hampered economic development, and the government has set an objective to expand vocational training in order to improve skills supply in this regard.

Employment is projected to continue to grow over the period to 2025, but will likely remain below its pre-2008 financial crisis levels. Most employment growth will be in business and other services, with most job opportunities for professionals.

Forecasts predict that Hungary will experience an increase in demand for high- and low-skilled workers over the medium-term future, whilst demand for medium-skilled workers will decrease. Meanwhile, the share of Hungary’s labour force with high level qualifications is projected to increase, and the share of workers with medium, low or no qualifications to decrease.

Hungary’s working-age population (15-64) is projected to slightly decrease in the period to 2025, with labour market participation remaining stable. Looking to the longer-term future, Hungary’s old-age dependency ratio is expected to rise over the coming decades, rising above the EU average by 2060.

Future employment growth (in %) in Hungary in 2015-2025 across sectors

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Key facts

SIZE OF EMPLOYMENT

Source:Eurostat
Indicator:Employment rate

The employment rate indicates the percentage of people in employment over the population aged 20-64.

 

In 2015 the employment rate in Hungary was 68.86% compared to 70.00% in EU

RECENT HISTORY

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

During the period 2011-2015 the size of employment in EU changed by 2.07% compared to 12.01% in Hungary .

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Sectors with the largest share in employment in Hungary in 2015 

  • Manufacturing 21.41%
  • Wholesale & retail trade 12.84%
  • Public administration & defence 10.06% 
  • Education 7.54%
  • Human health & social work activities 6.54% 

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Occupations with the largest share in employment in Hungary in 2015:  

  • Sales workers 7.30%
  • Business & administration assoc. prof. 7.23%
  • Drivers & mobile plant operators 5.32% 
  • Metal, machinery & related trades workers 5.23%
  • Stationary plant & machine operators 5.01%

TOP PERFORMERS

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Sectors expected to have the strongest employment change over the period 2015-2025 in Hungary:

  • Real estate, professional & related activities 33.20%
  • Human health & social work activities 24.76%
  • Education 12.30% 
  • Financial & insurance activities 10.71% 
  • Administrative & support activities 9.43% 

LOOKING INTO THE FUTURE

Source:Cedefop
Indicator:Future employment needs

The additional number of people who will be required to work in an occupation given projected changes in employment and replacement demands. 

Occupations expected to have the largest numbers of job openings in Hungary over the period 2015-2025:

  • Business & administration assoc. prof. 186,150
  • Teaching professionals 85,907
  • Science & engineering professionals 85,069
  • Legal, social & cultural professionals 79,794
  • Stationary plant & machine operators 66,497

Featured indicator

Related indicators

Employment share of occupations (%) in Hungary (2011-2015 comparison)

Source:Eurostat
Indicator:Employed population

Shows the total number of employed people of any age.

 

Education profile (%) of the working age population in Hungary (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Age profile (%) of the working age population in Hungary (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Future employment growth (% change) across occupations in Hungary compared to EU in 2015-2025

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

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