Average gross earnings amounted to HUF 395,000
In June 2020, average gross earnings amounted to HUF 421,700, 15.6% higher than a year earlier. The one-time HUF 500 000 bonus1 received by health care workers explain a significant part of the outstanding growth.
In January–June 2020, average gross earnings amounted to HUF 395,000, average net earnings were HUF 262,600; both grew by 9.9% compared to the same period of the previous year.
In June 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 421,700 and excluding fostered workers were HUF 434,000.
Average net earnings were HUF 280,500 excluding tax benefits and HUF 290,200 including them.
Both average gross earnings and average net earnings excluding tax benefits grew equally, by 15.6%. Average net earnings including tax benefits rose to a greater extent, by 16.0%, 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 regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 375,900, which is 10.6% higher than a year before.
In January–June 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 395,000 and excluding fostered workers to HUF 405,400.
Average net earnings were HUF 262,200 excluding tax benefits, and HUF 271,600 including them.
Both average gross earnings and average net earnings without tax benefits rose by 9.9%, average net earnings including tax benefits increased by 10.2% compared to the same period of the previous year.
Average gross earnings were the highest in the financial and insurance activities sections (HUF 723,500) and the lowest (HUF 249,900) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to HUF 429,000 for men and to HUF 362,100 for women, representing increases of 9.0% for men and 11.2% for women within one year.
Average gross earnings of full-time employees under the age of 25 reached HUF 287,700, for those between 25–54 years of age were HUF 411,300 and HUF 381,400 for those aged over 54. The year-on-year growth of earnings in the above age groups were 4.6%, 9.8% and 8.6% respectively.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 364,500, which is 9.0% higher than a year before.
Along with the 3,4% rise in consumer prices compared to the same period of the previous year, real earnings increased by 6.3%.
Average monthly earnings, January–June 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 | 408 600 | 9.1 | 409 200 | 9.1 |
| Budgetary institutions | 369 000 | 12.9 | 402 500 | 11.6 |
| Non-profit institutions | 347 800 | 10.5 | 363 600 | 9.0 |
| National economy total | 395 000 | 9.9 | 405 400 | 9.6 |
| Of which: | ||||
| fostered workers | 82 200 | 0.3 | x | x |
| Net earnings | ||||
| Business sector | 271 700 | 9.1 | 272 100 | 9.1 |
| Budgetary institutions | 245 400 | 12.9 | 267 600 | 11.6 |
| Non-profit institutions | 231 300 | 10.5 | 241 800 | 9.0 |
| National economy total | 262 600 | 9.9 | 269 600 | 9.6 |
| Of which: | ||||
| fostered workers | 54 700 | 0.3 | x | x |