Published on: 28 March 2023

Methodological change

Average gross earnings amounted to HUF 528,000

In January 2023 full-time employees’ gross average earnings were HUF 528,000 and average net earnings with tax benefits reached HUF 363,900. Average gross earnings grew by 16.1%, and average net earnings were 16.0% higher than a year earlier.

January 2023:

Full-time employees’ average gross earnings amounted to HUF 528,000.

The highest average gross earnings were recorded in the financial and insurance activities section and the lowest ones in accommodation and food service activities.

Estimated average gross regular earnings (gross earnings without premiums and one-month bonuses) were HUF 502,900, being 17.3% higher than a year earlier. Regular average gross earnings reached HUF 505,600 in the business sector, HUF 489,800 in the budgetary sector, and HUF 513,600 in the non-profit sector, representing growths of 18.2%, 15.3% and 14.0%, compared to the previous year.

Average net earnings were HUF 351,100 excluding tax benefits and HUF 363,900 including them, being 16.1% and 16.0% higher than a year earlier.

Real earnings fell by 7.6%, along with a 25.7% year-on-year increase in consumer prices.

Gross median earnings reached HUF 422,400, surpassing the previous year’s value by 17.1%.

Net median earnings including tax benefits were HUF 294,500, surpassing the January last year value by 17.0%.

Average monthly earnings, January 2023

Sector Gross average earnings Net average earnings (excluding tax benefits)
HUF/person/month change compared to the corresponding period of the previous year, % HUF/person/month change compared to the corresponding period of the previous year, %
January 2023
Business sector538 40017.0358 00017.0
Budgetary institutions495 50013.6329 50013.6
Non-profit institutions518 80013.3345 00013.3
National economy total528 00016.1351 10016.1
Of which:
fostered workers115 30016.876 70016.8
non-fostered workers536 80015.6357 00015.6

Full-time employees’ gross average earnings at enterprises employing at least 5 persons, at budgetary institutions as well as at non-profit organisations that are significant in terms of employment amounted to HUF 543,600.

Net earnings were HUF 361,500, excluding tax benefits and HUF 374,200, including tax benefits.

Both gross average earnings and net average earnings excluding tax benefits increased by 16.3%, while net earnings including tax benefits rose by 16.2% compared with a year earlier.