Average gross earnings at HUF 436,300 in June

Figures

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In June 2021, full-time employees’ average gross earnings reached HUF 436,300, up 3.5% compared to June 2020 according to a report by the Central Statistical Office (KSH).

Average gross earnings excluding fostered workers amounted to HUF 447,300.

Average net earnings without tax benefits stood at HUF 290,200, also 3.5% higher than a year earlier. Including tax benefits, average net earnings reached HUF 299,100.

Regular average gross earnings (without premiums and one-month bonuses) were HUF 404,200, 7.7% higher than a year before. 

KSH says that the relatively slow rate of increase of average earnings compared to the corresponding period of 2020 was owing to the base effect, as a one-time bonus was provided to healthcare workers in June 2020.

Average gross earnings were HUF 445,900 in the business sector, 6.4% higher than a year before, and HUF 417,800 in the budgetary sector, 4% lower than in the corresponding period of the previous year.

January-June avg gross earnings at HUF 428,200

In January–June 2021, average gross earnings amounted to HUF 428,200 and excluding fostered workers to HUF 439,100. Average net earnings reached HUF 284,800 excluding tax benefits and HUF 293,300 including them.

Both average gross earnings and average net earnings without tax benefits were up by 8.4% and average net earnings including tax benefits by 8.0% compared to January-June 2020.

The highest average gross earnings were recorded for the financial and insurance activities section (HUF 749,900) and the lowest ones for accommodation and food service activities (HUF 256,800).

Average gross earnings reached HUF 441,600 in the business sector, HUF 402,300 in the budgetary sector, and HUF 378,100 in the non-profit sector, representing growths of 8.1%, 9% and 8.7%, respectively, compared to the same period of the previous year.

Average gross earnings amounted to HUF 467,000 for full-time male employees and to HUF 391,100 for full-time female employees, representing increases of 8.9% for males and 8% for females over a year.

Regular average gross earnings are estimated at HUF 397,500, they were 9.1% 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.

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