Average gross earnings at HUF 411,000 in January

Figures

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In January 2021, full-time employees’ average gross earnings amounted to HUF 411,000, according to a report by the Central Statistical Office (KSH).

Excluding fostered workers, average gross earnings amounted to HUF 421,700,

Average net earnings excluding tax benefits were HUF 273,300. Including such benefits, the average stood at HUF 280,500.

Both average gross earnings and average net earnings excluding tax benefits grew equally, by 9.5% compared to January 2020. Average net earnings including tax benefits rose by 9.2% 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 390,200, which is 9.8% higher than a year before.

Gross average earnings reached HUF 423 800 in the business sector, HUF 386 800 in the budgetary sector, and HUF 362 900 at non-profit organizations representing growth of 8.5%, 13.3%, and 8.8% respectively, 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 empoloyees of nurseries – the growth of average wages in the budgetary sector exceeded that of the national economy.

Average gross earnings were the highest in the financial and insurance activities sections (HUF 714,900) and the lowest (HUF 247,500) in accommodation and food service activities.

Full-time employees’ average gross earnings amounted to HUF 447,200 for men and to HUF 375,500 for women, representing increases of 9.2% for men and 10.2% for women within one year.

Along with the 2.7% rise in consumer prices compared to the same period of the previous year, real earnings increased by 6.6%.

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