Average Gross Earnings at HUF 568,300 in April
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In April 2023, full-time employees’ average gross earnings were HUF 568,300 in Hungary, according to data published by the Central Statistical Office (KSH).
Average gross earnings rose by 15.5% compared to April 2022.
Estimated average gross regular earnings (gross earnings without premiums and one-month bonuses) were HUF 523,400, some 16.9% higher than a year earlier. Regular average gross earnings reached HUF 530,500 in the business sector, HUF 497,400 in the budgetary sector, and HUF 527,500 in the non-profit sector, representing growths of 18.9%, 11.7%, and 12.4% compared to the previous year.
Average net earnings were HUF 377,900 excluding tax benefits and HUF 391,700 including them, being 15.5% and 15.4% higher than a year earlier.
Real earnings fell by 6.9%, along with an outstanding 24% increase in consumer prices compared to the same period of the previous year.
Median gross earnings reached HUF 442,700, surpassing the previous year’s value by 16.4%.
Median net earnings including tax benefits were HUF 306,700, surpassing the value for the same period of the previous year by 15.3%.
January-April Average Gross Earnings at HUF 551,400
Full-time employees’ average gross earnings amounted to HUF 551,400 in January-April 2023.
Average net earnings were HUF 366,700, excluding tax benefits and HUF 380,000, including tax benefits.
Average gross earnings, average net earnings excluding tax benefits, and net earnings including tax benefits rose by 12% compared to the same period of the previous year.
The change in average earnings was affected by the last year’s February payment of the “service premium” (the so-called “firearms money”) for the army and law enforcement personnel corresponding to six-month salary.
Without this effect the rise of the average gross earnings and the average net earnings including tax benefits would be higher by 4 percentage points, KSH notes.
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