Average gross earnings amounted to HUF 375,200
In January 2020, average gross earnings amounted to HUF 375,200, and average net earnings to HUF 249,500; both of them grew by 9.2% compared to the same period of the previous year. The effect of the corona virus cannot be observed in the earnings during the period under study.
In January 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 non-profit organisations which are significant in respect of employment, amounted to HUF 375,200 and to HUF 385,300 excluding fostered workers.
Average net earnings were HUF 249,500 excluding tax benefits and HUF 256,900 including them.
Both average gross earnings and average net earnings excluding tax benefits grew by 9.2%, while average net earnings including tax benefits rose by 9.1% compared to the same period of the previous year.
Average gross earnings were the highest in financial and insurance activities (HUF 678,900) and the lowest (HUF 252,100) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to HUF 409,600 for men and to HUF 340,800 for women, representing increases of 8.7% and 9.5%, respectively over one year.
Average gross earnings of full-time employees under the age of 25 reached HUF 281,900, were HUF 390,100 for those between 25–54 years of age and HUF 361,400 for those over 54 years old. The year-on-year growth of earnings in the above age groups was 5.3%, 9.2% and 7.7% respectively.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 357,800, which is 10.3% higher than a year earlier.
Along with the 4.7% rise in consumer prices compared to the same period of the previous year, real earnings increased by 4.3%.
Average monthly earnings, January 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 | 390,600 | 8.6 | 391,200 | 8.6 |
| Budgetary institutions | 341,500 | 11.0 | 374,100 | 9.7 |
| Non-profit institutions | 333,500 | 9.6 | 349,400 | 7.6 |
| National economy total | 375,200 | 9.2 | 385,300 | 8.8 |
| Of which: | ||||
| fostered workers | 81,300 | 0.1 | x | x |
| Net earnings | ||||
| Business sector | 259,800 | 8.6 | 260,200 | 8.6 |
| Budgetary institutions | 227,100 | 11.0 | 248,800 | 9.7 |
| Non-profit institutions | 221,800 | 9.6 | 232,300 | 7.6 |
| National economy total | 249,500 | 9.2 | 256,200 | 8.8 |
| Of which: | ||||
| fostered workers | 54,100 | 0.1 | x | x |