Average gross earnings at HUF 507,500 in April

Figures

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In April 2022, full-time employees’ gross average earnings stood at HUF 507,500 in Hungary, according to data released by the Central Statistical Office (KSH).

Full-time employees’ average gross earnings excluding fostered workers amounted to HUF 518,500.

Average net earnings were HUF 337,500 excluding tax benefits and HUF 349,700 including them.

Both average gross earnings and average net earnings excluding tax benefits grew by 15.2% compared to April 2021.

The growth of average net earnings including tax benefits was 15,9%, compared to the same period of the previous year, according to KSH.

Average gross regular earnings reached HUF 457,300, being 14.1% higher than a year earlier.

Gross median earnings reached HUF 396,800, about 14.3% higher than in April 2021.

Net median earnings including tax benefits were HUF 275,300, 15.8% higher than in April of the previous year.

January-April average gross earnings at HUF 508,100

Full-time employees’ average gross earnings amounted to HUF 508,100 in January-April 2022- Excluding fostered workers, this number reached HUF 519,400.

Average net earnings reached HUF 337,900 excluding tax benefits and HUF 349,700 including them.

Both average gross earnings and average net earnings without tax benefits went up by 19.4%, and average net earnings including tax benefits grew by 20.1% year-on-year.

The payment of the “service premium” (the so-called “firearms money”) in February for the army and the law enforcement personnel, corresponding to a six-month salary, the planned wage raises in certain government branches, as well as the increase in the minimum wage and the minimum wage for skilled workers explain, in the first place, the outstanding growth, KSH notes.

The highest average gross earnings were recorded in the financial and insurance activities sections (HUF 874,700) and the lowest ones for accommodation and food service activities (HUF 311,200).

Average gross earnings amounted to HUF 559,800 for full-time male employees and to HUF 456,000 for full-time female employees, representing increases of 20,6% for males and 17,6% for females over a year.

Regular average gross earnings (without premiums and one-month bonuses) are estimated at HUF 449,900, being 14.2% higher than a year earlier.

Regular average gross earnings reached HUF 451,500 in the business sector, HUF 435,300 in the budgetary sector, and HUF 486,800 in the non-profit sector, representing growths of 12.3%, 14.7%, and 34.3%, compared to the previous year.

The fact that several educational institutions have been reclassified from the budgetary into the non-profit sector, following a change in their controlling authority in August 2021, contributed to the above-average increase in regular average earnings in the non-profit sector, having still a significant base effect in the first semester of the year, the statistical agency explains

Real earnings rose by 10%, along with a 8.5% year-on-year increase in consumer prices.

Gross median earnings were HUF 385,700, 14% higher than in January-April 2021.

Net median earnings including tax benefits were HUF 267,800, 15.2% higher than in the previous year.

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