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 sector | 538 400 | 17.0 | 358 000 | 17.0 |
Budgetary institutions | 495 500 | 13.6 | 329 500 | 13.6 |
Non-profit institutions | 518 800 | 13.3 | 345 000 | 13.3 |
National economy total | 528 000 | 16.1 | 351 100 | 16.1 |
Of which: | ||||
fostered workers | 115 300 | 16.8 | 76 700 | 16.8 |
non-fostered workers | 536 800 | 15.6 | 357 000 | 15.6 |
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.