Average gross earnings at HUF 433,700 in July
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In July 2021, full-time employees’ average gross earnings reached HUF 433,700, up 7.9% year-on-year, according to data released by the Central Statistical Office (KSH).
Excluding fostered workers, average gross earnings amounted to HUF 444,3000.
Average net earnings excluding tax benefits reached HUF 288,400 and HUF 297,100 including them.
Both average gross earnings and average net earnings excluding tax benefits increased by 7.9%. Average net earnings including tax benefits were 7.7% higher than in the same period of the previous year.
Regular average gross earnings (without premiums and one-month bonuses) stood at HUF 404,600, 7.3% higher than a year before.
Gross median earnings reached HUF 350,000, about 7.5% above July 2020 levels.
Average gross earnings at HUF 429,000 in January-July
In January–July 2021, full-time employees’ average gross earnings amounted to HUF 429,000 and excluding fostered workers to HUF 439,800.
Average net earnings reached HUF 285,300 excluding tax benefits and HUF 293,800 including them.
Both average gross earnings and average net earnings without tax benefits went up by 8.4% and average net earnings including tax benefits by 8.0% compared to the corresponding period of the previous year.
Average gross earnings reached HUF 442,000 in the business sector, HUF 403,900 in the budgetary sector, HUF 379,900 in the non-profit sector, representing growths of 7.8%, 9.4%, and 8.5%, 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.
The highest average gross earnings were recorded for the financial and insurance activities section (HUF 756,000) and the lowest ones for accommodation and food service activities (HUF 258,000).
Average gross earnings amounted to HUF 467,700 for full-time male employees and to HUF 392,200 for full-time female employees, representing increases of 8.8% for males and 8% for females over a year.
Regular average gross earnings reached HUF 398,600, some 8.8.% higher than a year before.
Real earnings rose by 4%, along with a 4.2% increase in consumer prices, compared to the corresponding period of the previous year.
Gross median earnings reached HUF 343,000, surpassing the previous year’s value by 9.3%.
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