Average gross earnings amount to HUF 636,700 in July 2024, 13.9% higher than a year earlier
Full-time employees’ average gross earnings were HUF 636,700 and average net earnings with tax benefits reached HUF 438,400 in July 2024. Average gross earnings grew by 13.9%, net earnings increased by 13.7% and real earnings were 9.4% higher than a year earlier. Median gross earnings were HUF 524,100, median net earnings were HUF 362,900, surpassing the value for the same period of the previous year by 16.5% and 16.6%, respectively.
July 2024:
Full-time employees’ average gross earnings were HUF 636,700, which was 13.9% higher than a year earlier.
Regular average gross earnings (without premiums and one-month bonuses) were estimated at HUF 602,200, being 14.3% higher than in the same period of the previous year. Regular average gross earnings amounted to HUF 598,800 in the business sector, HUF 604,400 in the budgetary sector and HUF 629,600 in the non-profit sector, rising by 13.2%, 17.0% and 18.2%, respectively, over a year.
Average net earnings reached HUF 423,400, excluding tax benefits and HUF 438,400, including them, being 13.9% and 13.7% higher than in July 2023.
Real earnings were up by 9.4%, along with a 4.1% increase in consumer prices compared to the same period of the previous year.
Median gross earnings were HUF 524,100, being 16.5% above the level a year earlier.
Median net earnings including tax benefits reached HUF 362,900, surpassing the value for the same period of the previous year by 16.6%.
January-July 2024:
Full-time employees’ average gross earnings amounted to HUF 635,000.
Average net earnings were HUF 422,300, excluding tax benefits and HUF 437,100, including tax benefits.
Average gross earnings and average net earnings excluding tax benefits increased by 14.0% and net earnings including tax benefits rose by 13.8% compared to the same period of the previous year.
Monthly average earnings
| Denomination | Average gross earnings | Average net earnings (excluding tax benefits) | ||
|---|---|---|---|---|
| HUF/person/month | change compared to corresponding period of previous year, % | HUF/person/month | change compared to corresponding period of previous year, % | |
| July 2024 | ||||
| Business sector | 638,700 | 12.7 | 424,700 | 12.7 |
| Budgetary institutions | 625,000 | 17.5 | 415,600 | 17.5 |
| Non-profit institutions | 650,800 | 15.8 | 432,800 | 15.8 |
| National economy, total | 636,700 | 13.9 | 423,400 | 13.9 |
| Of which: | ||||
| fostered workers | 132,000 | 14.0 | 87,700 | 14.0 |
| non-fostered workers | 647,400 | 13.9 | 430,500 | 13.9 |
| January–July 2024 | ||||
| Business sector | 642,600 | 12.6 | 427,300 | 12.6 |
| Budgetary institutions | 608,300 | 18.1 | 404,500 | 18.1 |
| Non-profit institutions | 635,900 | 17.3 | 422,900 | 17.3 |
| National economy, total | 635,000 | 14.0 | 422,300 | 14.0 |
| Of which: | ||||
| fostered workers | 132,800 | 14.7 | 88,300 | 14.7 |
| non-fostered workers | 645,800 | 14.0 | 429,400 | 14.0 |