Average gross earnings amounted to HUF 397,400
In October 2020 the average gross earning was HUF 397,400, 8.8% higher than a year earlier. In January–October 2020 average gross earnings amounted to HUF 395,300, average net earnings without tax benefits were HUF 262,900; both grew by 9.7% compared to the same period of the previous year.
In October 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 397,400 and excluding fostered workers were HUF 408,100.
Average net earnings were HUF 264,200 excluding tax benefits and HUF 272,900 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 9.1%, 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 377,200, which is 9.5% higher than a year before.
In January–October 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 395,300 and excluding fostered workers to HUF 405,900.
Average net earnings were HUF 262,900 excluding tax benefits, and HUF 271,700 including them.
Both average gross earnings and average net earnings without tax benefits rose by 9.7%, average net earnings including tax benefits increased 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 earnings were the highest in the financial and insurance activities sections (HUF 700,500) and the lowest (HUF 250,000) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to HUF 430,200 for men and to HUF 362,600 for women, representing increases of 9.2% for men and 10.4% for women within one year.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 369,100, 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 6.0%.
Average monthly earnings, January–October 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 | 409 500 | 9.5 | 410 000 | 9.5 |
| Budgetary institutions | 367 500 | 10.9 | 401 400 | 10.2 |
| Non-profit institutions | 351 500 | 10.5 | 367 600 | 9.4 |
| National economy total | 395 300 | 9.7 | 405 900 | 9.6 |
| Of which: | ||||
| fostered workers | 81 900 | -7.4 | x | x |
| Net earnings | ||||
| Business sector | 272 300 | 9.5 | 272 700 | 9.5 |
| Budgetary institutions | 244 400 | 10.9 | 266 900 | 10.2 |
| Non-profit institutions | 233 800 | 10.5 | 244 500 | 9.4 |
| National economy total | 262 900 | 9.7 | 269 900 | 9.6 |
| Of which: | ||||
| fostered workers | 54 400 | -7.4 | x | x |