Average Gross Earnings Reach HUF 605,100 in January
Photo by Pixabay
In Hungary, full-time employees' average gross earnings reached HUF 605,100 in January, some 14.6% higher than a year earlier, according to data published by the Central Statistical Office (KSH).
Regular average gross earnings (without premiums or one-month bonuses) were estimated at HUF 578,300, being 15% higher than in the same period of the previous year. Regular average gross earnings amounted to HUF 576,700 in the business sector, HUF 576,200 in the budgetary sector, and HUF 599,400 in the non-profit sector, rising by 14.1%, 17.6% and 16.7%, respectively, over a year.
Average net earnings reached HUF 402,400, excluding tax benefits, and HUF 416,600, including them, being 14.6% and 14.5% higher than in January 2023.
Real earnings were up by 10.4%, along with a 3.8% increase in consumer prices compared to the same period of the previous year.
Median gross earnings were HUF 493,700, some 16.9% above the level a year earlier.
Median net earnings including tax benefits reached HUF 341,700, surpassing the value for the same period of the previous year by 16%.
Fuel Prices Move Closer to Avg of Neighboring Countries
Hungary, China to Sign Agreements During Visit by President
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
