Average net earnings, including tax benefits, reached HUF 500,500, showing a 10.9% year-on-year rise. Real earnings grew by 6.1%, adjusted for a 4.6% increase in consumer prices.
Median gross earnings stood at HUF 560,900, representing a 13.1% increase compared to the same period last year. Median net earnings, including tax benefits, were HUF 389,800, 13.7% higher year-on-year.
Regular gross earnings, which exclude premiums and one-time bonuses, were estimated at HUF 625,400, reflecting a 10.6% increase. This growth was influenced by the December 2023 rise in the minimum wage and minimum wage for skilled workers.
In terms of sectors, regular gross earnings were HUF 624,100 in the business sector, up 9.4%; HUF 610,200 in the budgetary sector, a 14.5% increase; and HUF 680,200 in the non-profit sector, up 12.2%.
For the entire year of 2024, full-time employees’ average gross earnings reached HUF 646,800. Average net earnings were HUF 430,100 without tax benefits and HUF 445,200 with tax benefits.
Compared to the previous year, gross earnings rose by 13.2%, while net earnings excluding tax benefits climbed by 13.2% and those including tax benefits increased by 13.1%.
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