Gross Average Earnings at HUF 528,800 in January

Figures

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The gross average earnings of full-time employees in Hungary stood at HUF 528,000 in January, up 16.1% year-on-year, according to data published by the Central Statistical Office (KSH).

The highest average gross earnings were recorded in the information and communication section (HUF 867,400) and the lowest ones in accommodation and food service activities (HUF 349,700).

Estimated average gross regular earnings (gross earnings without premiums and one-month bonuses) were HUF 502,900, 17.3% higher than a year earlier.

Average gross regular earnings reached HUF 505,600 in the business sector, HUF 489,800 in the budgetary sector, and HUF 513,600 in the non-profit sector, representing growths of 18.2%, 15.3%, and 14%, compared to the previous year.

Average net earnings were HUF 351,100 excluding tax benefits and HUF 363,900 including them, being 16.1% and 16% higher than a year earlier.

Real earnings fell by 7.6%, along with a 25.7% year-on-year increase in consumer prices.

Gross median earnings reached HUF 422,400, surpassing the previous year’s value by 17.1%.

Net median earnings including tax benefits were HUF 294,500, some 17% higher than the value recorded in January 2022.

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