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Hungary Unemployment Rate

Unemployment as % of total labor force  SL.UEM.TOTL.ZS

Hungary's unemployment rate was 4.52% in 2025, ranked 74th globally. This represents a 1.0% increase from 2024. Data from World Bank, covering 1980–2025.

4.52% +0.05pp (+1.0%)
Year 2025 Rank #74 Global Peak 12.10% (1993) Source World Bank

Hungary Unemployment Rate (1980–2025)

Overview

Hungary's unemployment rate stood at 4.52% in 2025, a rise of +0.05pp from 2024. The IMF projects 4.30% by 2025. Hungary ranked 74th globally.

Hungary's unemployment rate has experienced significant fluctuations over the past 46 years. The country's all-time peak unemployment rate of 12.10% occurred in 1993, a period marked by economic transition following the collapse of communism. Conversely, Hungary's unemployment rate reached an all-time low of 0.04% in 1985, indicating a highly labor-intensive economy during the socialist era. The unemployment rate has steadily decreased since then, reaching 4.52% in 2025, ranking 74th globally. In comparison, Maldives, a peer country with a similarly low unemployment rate, has maintained a stable rate of 4.51% over the years. Hungary's unemployment rate has demonstrated a persistent downward trend since the 1990s, suggesting a gradual improvement in labor market conditions. However, any significant disruption to the global economy or a decline in Hungary's economic competitiveness could potentially alter this trend, and the country may need to address emerging labor market challenges, such as an aging workforce or changes in industry demand.

Data & projection

Year Unemployment Rate YoY change Rank
2030* IMF 3.80% - -
2029* IMF 3.80% - -
2028* IMF 3.90% - -
2027* IMF 3.97% - -
2026* IMF 4.20% - -
2025* IMF 4.30% - -
2025 4.52% +0.05pp #74
2024 4.50% +0.43pp #84
2023 4.10% +0.50pp #78
2022 3.58% −0.47pp #53
2021 4.02% −0.10pp #49
2020 4.25% +0.95pp #50
2019 3.41% −0.16pp #48
2018 3.67% −0.38pp #52
2017 4.16% −0.82pp #62
2016 5.12% −1.51pp #80
2015 6.81% −0.71pp #102
2014 7.73% −2.10pp #116
2013 10.18% −0.50pp #136
2012 11.00% +0.33pp #140
2011 11.03% +0.25pp #142
Show all years (1980-2025)
* IMF World Economic Outlook projection

Detected Pattern

Orthodox Tightening Cycle
Inflation above 40%, lending rate above 30%, rate-inflation gap narrowing, reserves stable or rising. Signals credible monetary tightening.
Inflation 17.1% Rate 15.3% Gap -1.8pp Reserves YoY +10.9%
Occurred 311 times, 177 successful
Inflation
28.2%
Rate
19.4%
Gap
-8.8pp
Reserves YoY
+2.2%
Inflation
219.9%
Rate
61.7%
Gap
-158.2pp
Reserves YoY
+28.1%
Inflation
28.3%
Rate
24.3%
Gap
-4.0pp
Reserves YoY
+35.8%
Inflation
33.9%
Rate
17.8%
Gap
-16.1pp
Reserves YoY
+2.9%
Inflation
17.0%
Rate
20.8%
Gap
+3.8pp
Reserves YoY
+1.5%
Inflation
17.1%
Rate
15.3%
Gap
-1.8pp
Reserves YoY
+10.9%

Analysis

Hungary matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw unemployment rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Hungary's unemployment rate?▾

Hungary's unemployment rate was 4.52% in 2025. Ranked 74th globally. This represents a 1.0% increase from the previous year.

What was the highest unemployment rate in Hungary?▾

Hungary's unemployment rate peaked at 12.10% in 1993.

What was the lowest unemployment rate in Hungary?▾

The lowest unemployment rate in Hungary was 0.04% in 1985.

How does Hungary rank in unemployment rate?▾

Hungary ranks 74th globally in unemployment rate as of 2025.

What is the World Bank indicator code for unemployment rate?▾

The World Bank indicator code is SL.UEM.TOTL.ZS. Data sourced from World Bank.

What is the projected unemployment rate of Hungary in 2025?▾

Hungary's unemployment rate is projected to reach 4.30% by 2025 based on IMF projection.

What is the unemployment rate of Hungary in 2025?▾

The unemployment rate of Hungary in 2025 was 4.52%. This ranks 74th in the world.

Cite this page

APA
Hungary Unemployment Rate. HistorySaid. Retrieved November 2, 2026, from https://historysaid.com/hungary/unemployment-rate/
BibTeX
@misc{historysaid_hungary_unemployment-rate, title = {Hungary Unemployment Rate}, url = {https://historysaid.com/hungary/unemployment-rate/}, publisher = {HistorySaid}, year = {2026} }
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