Average gross earnings amounted to HUF 395,000
In September 2020 the average gross earning was HUF 392,300, 8.8% higher than a year earlier. In January–September 2020 average gross earnings amounted to HUF 395,000, average net earnings without tax benefits were HUF 262,700; both grew by 9.8% compared to the same period of the previous year.
In September 2020:
Full-time employees’ average gross 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 392,300 and excluding fostered workers were HUF 402,900.
Average net earnings were HUF 260,900 excluding tax benefits and HUF 269,500 including them.
Both average gross earnings and average net earnings excluding tax benefits grew equally, by 8.8%. Average net earnings including tax benefits rose to a greater extent, by 8.9%, compared to the same period of the previous year.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 373,200, which is 8.6% higher than a year before.
In January–September 2020:
Full-time employees’ average gross 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 395,000 and excluding fostered workers to HUF 405,600.
Average net earnings were HUF 262,700 excluding tax benefits, and HUF 271,500 including them.
Both average gross earnings and average net earnings without tax benefits rose by 9.8%, average net earnings including tax benefits increased by 10.0% 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 earnings were the highest in the financial and insurance activities sections (HUF 705,000) and the lowest (HUF 249,900) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to HUF 429,500 for men and to HUF 362,500 for women, representing increases of 9.1% for men and 10.6% for women within one year.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 368,200, which is 9.2% 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 6.1%.
Average monthly earnings, January–September 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 | 409 100 | 9,5 | 409 600 | 9,5 |
Budgetary institutions | 367 700 | 11,3 | 401 500 | 10,6 |
Non-profit institutions | 351 400 | 10,5 | 367 600 | 9,4 |
National economy total | 395 000 | 9,8 | 405 600 | 9,7 |
Of which: | ||||
fostered workers | 82 000 | -8,1 | x | x |
Net earnings | ||||
Business sector | 272 000 | 9,5 | 272 400 | 9,5 |
Budgetary institutions | 244 500 | 11,3 | 267 000 | 10,6 |
Non-profit institutions | 233 700 | 10,5 | 244 400 | 9,4 |
National economy total | 262 700 | 9,8 | 269 700 | 9,7 |
Of which: | ||||
fostered workers | 54 500 | -8,1 | x | x |