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 sector | 493 500 | 13.7 | 493 900 | 13.7 |
| Budgetary institutions | 555 900 | 41.3 | 607 500 | 41.5 |
| Non-profit institutions | 493 900 | 33.6 | 508 700 | 32.1 |
| National economy total | 508 300 | 21.0 | 519 600 | 20.6 |
| Of which: | ||||
| fostered workers | 98 900 | 19.3 | x | x |
| Net earnings | ||||
| Business sector | 328 200 | 13.7 | 328 500 | 13.7 |
| Budgetary institutions | 369 700 | 41.3 | 404 000 | 41.5 |
| Non-profit institutions | 328 400 | 33.6 | 338 300 | 32.1 |
| National economy total | 338 000 | 21.0 | 345 600 | 20.6 |
| Of which: | ||||
| fostered workers | 65 800 | 19.3 | x | x |