Average gross earnings at HUF 431,600 in May
In May 2021, full-time employees’ gross average earnings stood at HUF 431,600 according to data by the Central Statistical Office.
Excluding fostered workers, gross average earnings amounted to HUF 442,500.
Average net earnings excluding tax benefits were HUF 287,000 and HUF 295,800 including them.
Both average gross earnings and average net earnings excluding tax benefits grew equally, by 8.2%. Net earnings including tax benefits rose by 7.8% compared to the same period of the previous year.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 402,900, which is 7.8% higher than a year before.
Gross average earnings at HUF 426,600 in January-May
Full-time employees’ average gross earnings amounted to HUF 426,600 in January-May 2021. Excluding fostered workers, average gross earnings reached HUF 437,400. Average net earnings were HUF 283,700 excluding tax benefits, and HUF 292,100 including them.
Both average gross earnings and average net earnings without tax benefits rose by 9.4%, average net earnings including tax benefits increased by 8.9% compared to the same period of the previous year.
Average gross earnings were the highest in the financial and insurance activities sections (HUF 755,900) and the lowest (HUF 255,100) in accommodation and food service activities.
Gross average earnings reached HUF 440,800 in the business sector, HUF 399,200 in the budgetary sector, and HUF 373,900 at non-profit organizations representing growths of 8.4%, 12.2% as well as 9.4%, compared to the same period of the previous year. Due to planned wage raises in certain government branches – including the pay raise of doctors, judges and prosecutors, and employees of nurseries – the growth of average wages in the budgetary sector exceeded that of the national economy.
Full-time employees’ average gross earnings amounted to HUF 465,400 for men and to HUF 389,100 for women, representing increases of 9.2% for men and 9.8% for women within one year.
Average gross regular earnings reached HUF 395,700, 9.2% higher than a year before.
Along with the 3.9% rise in consumer prices compared to the same period of the previous year, real earnings increased by 5.3%, KSH notes.
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