Average gross earnings amounted to HUF 360,400
In October 2019, average gross earnings amounted to HUF 365,100, 11.6% higher than a year earlier. In January–October 2019, average gross earnings amounted to HUF 360,400 and average net earnings to HUF 239,700; both of them grew by 10.9% compared to the same period of the previous year.
In October 2019:
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 non-profit organisations which are significant in respect of employment, amounted to HUF 365,100 and to HUF 375,300 excluding fostered workers.
Average net earnings were HUF 242,800 excluding tax benefits and HUF 250,200 including them.
Both average gross earnings and average net earnings excluding tax benefits grew by 11.6%, while average net earnings including tax benefits rose by 11.7% compared to the same period of the previous year.
In January–October 2019:
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 non-profit organizations which are significant in respect of employment, amounted to HUF 360,400 and to HUF 370,500 excluding fostered workers.
Average net earnings were HUF 239,700 excluding tax benefits, and HUF 247,100 including them.
Both average gross earnings and average net earnings excluding tax benefits grew by 10.9%, while average net earnings including tax benefits rose by 11.0% compared to the same period of the previous year.
Average gross earnings were the highest in financial and insurance activities (HUF 657,500) and the lowest (HUF 236,800) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to HUF 394,100 for men and to HUF 328,500 for women, representing increases of 11.5% and 10.1%, respectively over one year.
Average gross earnings of full-time employees under the age of 25 reached HUF 278,600, were HUF 375,900 for those between 25–54 years of age and HUF 355,000 for those over 54 years. The year-on-year growth of earnings in the above age groups was 16.5%, 11.2% and 10.8% respectively.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 337,900, 10.5% higher than a year earlier.
Along with the 3.3% rise in consumer prices compared to the same period of the previous year, real earnings increased by 7.4%.
Average monthly earnings, January–October 2019
Sector | Total | Without fostered workers | ||
---|---|---|---|---|
average monthly earnings, HUF | change compared to the corresponding period of the previous year, % | average monthly earnings, HUF | change compared to the corresponding period of the previous year, % | |
Gross earnings | ||||
Business sector | 374 000 | 11.4 | 374 600 | 11.3 |
Budgetary institutions | 331 500 | 8.8 | 364 200 | 6.6 |
Non-profit institutions | 318 200 | 11.4 | 336 100 | 8.4 |
National economy total | 360 400 | 10.9 | 370 500 | 10.0 |
Of which: | ||||
fostered workers | 88 400 | 7.4 | x | x |
Net earnings | ||||
Business sector | 248 700 | 11.4 | 249 100 | 11.3 |
Budgetary institutions | 220 400 | 8.8 | 242 200 | 6.6 |
Non-profit institutions | 211 600 | 11.4 | 223 500 | 8.4 |
National economy total | 239 700 | 10.9 | 246 300 | 10.0 |
Of which: | ||||
fostered workers | 58 800 | 7.4 | x | x |