Published on: 24 May 2022

Average gross earnings amounted to HUF 511,400

In March 2022 full-time employees’ gross average earnings were HUF 511,400, average net earnings with tax benefits reached HUF 352,200. Average gross earnings grew by 17.5%, while average net earnings with tax benefits were 18,1% higher than a year earlier. The previously scheduled wage increases, the high nonregular payments (including bonuses and premiums ) as well as the significant minimum wage and minimum wage for skilled workers growth contributed in the first place to the increase in average earnings. Regular average gross earnings amounted to HUF 459,700, surpassing the previous year’s March data by 15.5%.

March 2022:

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 511,400, excluding fostered workers were HUF 522,300.

Average net earnings were HUF 340,100 excluding tax benefits and HUF 352,200 including them.

Both average gross earnings and average net earnings excluding tax benefits grew by 17.5%. The growth of average net earnings including tax benefits was 18,1%, compared to the same period of the previous year.

Average gross regular earnings (gross earnings without premiums and one-month bonuses) are estimated at HUF 459,700, being 15.5% higher than a year before.

Gross median earnings reached HUF 394,500 surpassing by 15.0% the previous year’s value. Net median earnings including tax benefits were HUF 273,700, 16.5% higher than in March of the previous year.

January–March 2022:

Full-time employees’ average gross earnings (as defined by the Hungarian Central Statistical Office) at enterprises employing at least 5 persons, at budgetary institutions and at non-profit organisations that are significant in terms of employment amounted to HUF 508,300, excluding fostered workers to HUF 519,600.

Average net earnings reached HUF 338 000 excluding tax benefits and HUF 349,800 including them.

Both average gross earnings and average net earnings without tax benefits went up by 21.0%, average net earnings including tax benefits grew by 21.6% compared to the corresponding period of the previous year. The payment of the “service premium” (the so-called “firearms money”) for the army and the law enforcement personnel, corresponding to six-month salary, and the planned wage raises in certain government branches, as well as the significant increase in the minimum wage and the minimum wage for skilled workers explain, in the first place, the outstanding growth.

The highest average gross earnings were recorded in information and communication (HUF 810,000) and the lowest ones for accommodation and food service activities (HUF 308,000).

Average gross earnings amounted to HUF 561,600 for full-time male employees and to HUF 454,200 for full-time female employees, representing increases of 22,7% for males and 18,3% for females over a year.

Regular average gross earnings (without premiums and one-month bonuses) are estimated at HUF 447,700, being 14.3% higher than a year earlier.

Regular average gross earnings reached HUF 449 500 in the business sector, HUF 431,900 in the budgetary sector, HUF 483 300 in the non-profit sector, representing growths of 12.5%, 14.6% and 33.8%, compared to the previous year. The fact that several educational institutions have been reclassified from the budgetary into the non-profit sector, following a change in their controlling authority in August 2021, contributed to the above average increase in regular average earnings in the non-profit sector, leading to a significant base effect in the first semester.

Real earnings rose by 11.8%, along with a 8,2% year-on-year increase in consumer prices.

Gross median earnings were HUF 382 000, surpassing by 14% the previous year’s value. Net median earnings including tax benefits were HUF 266,000, 15.6% higher than in the previous year.

Average monthly earnings, January-March 2022

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 sector493 500 13.7493 90013.7
Budgetary institutions555 90041.3607 50041.5
Non-profit institutions493 90033.6508 70032.1
National economy total508 30021.0519 60020.6
Of which:
fostered workers98 90019.3xx
Net earnings
Business sector328 20013.7328 50013.7
Budgetary institutions369 70041.3404 00041.5
Non-profit institutions328 40033.6338 30032.1
National economy total338 00021.0345 60020.6
Of which:
fostered workers65 80019.3xx