Average gross earnings amounted to HUF 390,000
In May 2020, average gross earnings amounted to HUF 398,800, 9.4% higher than a year earlier. In January–May 2020, average gross earnings amounted to HUF 390,000, average net earnings were HUF 259,300; both grew by 8.8% compared to the same period of the previous year.
In May 2020:
Full-time employees’ average gross nominal earnings - as defined by the Hungarian Central Statistical Office - at corporations employing at least 5 persons, at budgetary institutions and significant non-profit organisations in respect of employment, amounted to HUF 398,800 and excluding fostered workers were HUF 409,800.
Average net earnings were HUF 265,200 excluding tax benefits and HUF 274,500 including them.
Both average gross earnings and average net earnings excluding tax benefits grew equally, by 9.4%. Average net earnings including tax benefits rose to a greater extent, by 9.9%, compared to the same period of the previous year, in relation to a temporary decrease as well as elimination of social security payment obligations in certain economic branches.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 370,600, which is 8.4% higher than a year before.
In January–May 2020:
Full-time employees’ average gross nominal earnings – as defined by the Hungarian Central Statistical Office - at corporations employing at least 5 persons, budgetary institutions and significant non-profit organizations in respect of employment, amounted to HUF 390,000 and excluding fostered workers to HUF 400,100.
Average net earnings were HUF 259,300 excluding tax benefits, and HUF 268,100 including them.
Both average gross earnings and average net earnings without tax benefits rose by 8.8%, average net earnings including tax benefits increased by 9.1% compared to the same period of the previous year.
Average gross earnings were the highest in the financial and insurance activities sections (HUF 721,300) and the lowest (HUF 247,800) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to HUF 426,100 for men and to HUF 354,500 for women, representing increases of 8.4% for men and 9.3% for women within one year.
Average gross earnings of full-time employees under the age of 25 reached HUF 284,600, for those between 25–54 years of age were HUF 406,400 and HUF 374,900 for those aged over 54. The year-on-year growth of earnings in the above age groups were 3.9%, 8.9% and 7.2% respectively.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 361,300, which is 8.4% higher than a year before.
Along with the 3,5% rise in consumer prices compared to the same period of the previous year, real earnings increased by 5.1%.
Average monthly earnings, January–May 2020
| Sector | Total | Without fostered workers | ||
|---|---|---|---|---|
| average monthly earnings, HUF/person | change compared to the corresponding period of the previous year, % | average monthly earnings, HUF/person | change compared to the corresponding period of the previous year, % | |
| Gross earnings | ||||
| Business sector | 406 700 | 8,8 | 407 300 | 8,8 |
| Budgetary institutions | 355 800 | 9,3 | 387 600 | 7,9 |
| Non-profit institutions | 341 800 | 10,0 | 357 200 | 8,5 |
| National economy total | 390 000 | 8,8 | 400 100 | 8,5 |
| Of which: | ||||
| fostered workers | 82 100 | 0,1 | x | x |
| Net earnings | ||||
| Business sector | 270 500 | 8,8 | 270 800 | 8,8 |
| Budgetary institutions | 236 600 | 9,3 | 257 700 | 7,9 |
| Non-profit institutions | 227 300 | 10,0 | 237 500 | 8,5 |
| National economy total | 259 300 | 8,8 | 266 100 | 8,5 |
| Of which: | ||||
| fostered workers | 54 600 | 0,1 | x | x |