Average gross earnings amounted to HUF 364,300
In November 2019, average gross earnings amounted to HUF 403,500, which is 13.9% higher than a year earlier. The growth of average earnings was mainly driven by the increase of non-regular earnings such as bonuses and premiums. In January–November 2019, average gross earnings amounted to HUF 364,300 and average net earnings to HUF 242,300; both of them grew by 11.2% compared to the same period of the previous year.
In November 2019:
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 non-profit organisations which are significant in respect of employment, amounted to HUF 403,500 and to HUF 415,000 excluding fostered workers.
Average net earnings were HUF 268,300 excluding tax benefits and HUF 275,900 including them.
Both average gross earnings and average net earnings excluding tax benefits grew by 13.9%, while average net earnings including tax benefits rose by 14.0% compared to the same period of the previous year. The growth of average earnings was mainly driven by the increase of non-regular earnings such as bonuses and premiums.
In January–November 2019:
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 non-profit organizations which are significant in respect of employment, amounted to HUF 364,300 and to HUF 374,500 excluding fostered workers.
Average net earnings were HUF 242,300 excluding tax benefits, and HUF 249,700 including them.
Both average gross earnings and average net earnings excluding tax benefits grew by 11.2%, while average net earnings including tax benefits rose by 11.3% compared to the same period of the previous year.
Average gross earnings were the highest in financial and insurance activities (HUF 656,100) and the lowest (HUF 238,100) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to HUF 398,100 for men and to HUF 332,700 for women, representing increases of 11.7% and 10.6%, respectively over one year.
Average gross earnings of full-time employees under the age of 25 reached HUF 281,500, were HUF 380,200 for those between 25–54 years of age and HUF 358,900 for those over 54 years old. The year-on-year growth of earnings in the above age groups was 16.6%, 11.5% and 11.2% respectively.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 338,100, which is 10.3% higher than a year earlier.
Along with the 3.3% rise in consumer prices compared to the same period of the previous year, real earnings increased by 7.6%.
Average monthly earnings, January–November 2019
| Sector | Total | Without fostered workers | ||
|---|---|---|---|---|
| average monthly earnings, HUF | change compared to the corresponding period of the previous year, % | average monthly earnings, HUF | change compared to the corresponding period of the previous year, % | |
| Gross earnings | ||||
| Business sector | 377,300 | 11.5 | 377,900 | 11.4 |
| Budgetary institutions | 337,200 | 9.8 | 370,800 | 7.7 |
| Non-profit institutions | 320,800 | 11.6 | 338,800 | 8.7 |
| National economy total | 364,300 | 11.2 | 374,500 | 10.4 |
| Of which: | ||||
| fostered workers | 87,900 | 6.7 | x | x |
| Net earnings | ||||
| Business sector | 250,900 | 11.5 | 251,300 | 11.4 |
| Budgetary institutions | 224,300 | 9.8 | 246,500 | 7.7 |
| Non-profit institutions | 213,300 | 11.6 | 225,300 | 8.7 |
| National economy total | 242,300 | 11.2 | 249,000 | 10.4 |
| Of which: | ||||
| fostered workers | 58,400 | 6.7 | x | x |