Average gross earnings amounted to HUF 531,200
In February 2023 full-time employees’ average gross earnings were HUF 531,200 and average net earnings with tax benefits reached HUF 366,400. Average gross earnings grew by 0.8%, and average net earnings were 1.2% higher than a year earlier. The change in the average earnings was considerably affected by the payment of the “service premium” (the so-called “firearms money”) for the army and the law enforcement personnel corresponding to six-month salary in February last year. Without this effect the rise of the average gross earnings and the average net earnings would be higher by 14.8 and 15.2 percentage points, respectively.
February 2023:
Full-time employees’ average gross earnings amounted to HUF 531,200, having risen by 0.8% compared with a year earlier. The change in the average earnings was considerably affected by the payment of the “service premium” (the so called “firearms money”) for the army and the law enforcement personnel corresponding to six-month salary in February last year. Without this effect the rise of the average gross earnings would be higher by 14.8 percentage points.
Estimated average gross regular earnings (gross earnings without premiums and one-month bonuses) were HUF 505,400, being 17.3% higher than a year earlier. Regular average gross earnings reached HUF 509,800 in the business sector, HUF 486,600 in the budgetary sector, and HUF 515,900 in the non-profit sector, representing growths of 19.0%, 13,1% and 12.4% compared to the previous year.
Average net earnings were HUF 353,200 excluding tax benefits and HUF 366,400 including them, being 0.8% and 1.2% higher than a year earlier. Without the effect of the “service premium” the rise of the average net earnings including tax benefits would be higher by 15.2 percentage points.
Real earnings fell by 19.6%, along with an outstanding 25.4% increase in consumer prices compared to the same period of the previous year. Of the decrease in real earnings, the one-off payment of the “service premium” explains 11.8 percentage points
Median gross earnings reached HUF 423,400, surpassing the previous year’s value by 16.3%.
Median net earnings including tax benefits were HUF 295,600, surpassing the value for the same period of the previous year by 16.5%.
January-February 2023:
Full-time employees’ average gross earnings amounted to HUF 529,600.
Average net earnings were HUF 352,200, excluding tax benefits and HUF 365,200, including tax benefits.
Both average gross earnings and average net earnings excluding tax benefits increased by 7.9%, while net earnings including tax benefits rose by 8.0% compared to the same period of the previous year. The change in the average earnings was considerably affected by the payment of the “service premium” in February last year. Without this effect the rise of the average gross earnings and the average net earnings would be higher by 8.0 and 8.1 percentage points, respectively.
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, % | |
| February 2023 | ||||
| Business sector | 542 300 | 17.6 | 360 600 | 17.6 |
| Budgetary institutions | 496 600 | -35.0 | 330 200 | -35.0 |
| Non-profit institutions | 519 300 | 10.8 | 345 400 | 10.8 |
| National economy total | 531 200 | 0.8 | 353 200 | 0.8 |
| Of which: | ||||
| fostered workers | 115 500 | 17.1 | 76 800 | 17.1 |
| non-fostered workers | 539 900 | 0.3 | 359 100 | 0.3 |
| January-February 2023 | ||||
| Business sector | 540 300 | 17,3 | 359 300 | 17,3 |
| Budgetary institutions | 496 100 | -17,3 | 329 900 | -17,3 |
| Non-profit institutions | 519 100 | 12,1 | 345 200 | 12,1 |
| National economy, total | 529 600 | 7,9 | 352 200 | 7,9 |
| Of which: | ||||
| fostered workers | 115 400 | 16,9 | 76 700 | 16,9 |
| non-fostered workers | 538 400 | 7,4 | 358 000 | 7,4 |
January-February 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 545,200.
Average net earnings were HUF 362,500, excluding tax benefits and HUF 375,500, including tax benefits.
Both average gross earnings and average net earnings excluding tax benefits increased by 7.6%, while net earnings including tax benefits rose by 7.7% compared with the same period of the previous year. The change in the average earnings was considerably affected by the payment of the “service premium” in February last year. Without this effect the rise of the average gross earnings and the average net earnings would be higher by 8.5 and 8.6 percentage points, respectively.