Average gross earnings amounted to HUF 568,300
In April 2023 full-time employees’ average gross earnings were HUF 568,300 and average net earnings with tax benefits reached HUF 391,700. Average gross earnings grew by 15.5%, and average net earnings were 15.4% higher than a year earlier.
April 2023:
Full-time employees’ average gross earnings amounted to HUF 568,300, having risen by 15.5% compared with a year earlier.
Estimated average gross regular earnings (gross earnings without premiums and one-month bonuses) were HUF 523,400, being 16.9% higher than a year earlier. Regular average gross earnings reached HUF 530,500 in the business sector, HUF 497,400 in the budgetary sector, and HUF 527,500 in the non-profit sector, representing growths of 18.9%, 11.7% and 12.4% compared to the previous year.
Average net earnings were HUF 377,900 excluding tax benefits and HUF 391,700 including them, being 15.5% and 15.4% higher than a year earlier.
Real earnings fell by 6.9%, along with an outstanding 24.0% increase in consumer prices compared to the same period of the previous year.
Median gross earnings reached HUF 442,700, surpassing the previous year’s value by 16.4%.
Median net earnings including tax benefits were HUF 306,700, surpassing the value for the same period of the previous year by 15.3%.
January-April 2023:
Full-time employees’ average gross earnings amounted to HUF 551,400.
Average net earnings were HUF 366,700, excluding tax benefits and HUF 380,000, including tax benefits.
Average gross earnings, average net earnings excluding tax benefits and net earnings including tax benefits rose by 12.0% compared to the same period of the previous year. The change in average earnings was affected by the last year’s February payment of the “service premium” (the so-called “firearms money”) for the army and the law enforcement personnel corresponding to six-month salary. Without this effect the rise of the average gross earnings and the average net earnings including tax benefits would be higher by 4.0 percentage points.
Monthly average earnings
| Sector | Average gross earnings | Average net 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, % | |
| April 2023 | ||||
| Business sector | 585 300 | 16,4 | 389 200 | 16.4 |
| Budgetary institutions | 519 200 | 13,4 | 345 200 | 13.4 |
| Non-profit institutions | 538 800 | 10,7 | 358 300 | 10.7 |
| National economy, total | 568 300 | 15.5 | 377 900 | 15.5 |
| Of which: | ||||
| fostered workers | 116 400 | 15.5 | 77 400 | 15.5 |
| non-fostered workers | 578 000 | 15.1 | 384 400 | 15.1 |
| January-April 2023 | ||||
| Business sector | 566 400 | 17,4 | 376 600 | 17,4 |
| Budgetary institutions | 506 900 | -4.6 | 337 100 | -4.6 |
| Non-profit institutions | 529 600 | 11.5 | 352 200 | 11.5 |
| National economy, total | 551 400 | 12.0 | 366 700 | 12.0 |
| Of which: | ||||
| fostered workers | 115 800 | 16.4 | 77 000 | 16,4 |
| non-fostered workers | 560 600 | 11.6 | 372 800 | 11,6 |
January-April 2023
Full-time employees’ average gross 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 568,800.
Average net earnings were HUF 378,300, excluding tax benefits and HUF 391,600, including tax benefits.
Average gross earnings, average net earnings excluding tax benefits and net earnings including tax benefits rose by 12.0% compared with the same period of the previous year. The change in average earnings was affected by the last year’s February payment of the “service premium” (the so-called “firearms money”) for the army and the law enforcement personnel corresponding to six-month salary. Without this effect the rise of the average gross earnings and the average net earnings including tax benefits would be higher by 4.2 percentage points.