In January 2021 full-time employees’ gross average earnings were EUR 1,136 (HUF 411 000) while average net earnings without tax benefits reached EUR 755.4 (HUF 273,300), both grew by 9.5% year-on-year. Average gross earnings grew by 8.5% in the business sector, while in the budgetary sector the increase was significantly higher, 13,3%, due to planned wage raises in certain government branches.
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 organizations in respect of employment, – amounted to EUR 1,136 (HUF 411 000) and excluding fostered workers were EUR 1,166 (HUF 421 700).
In January 2021, average net earnings excluding tax benefits were EUR 755.4 HUF 273,300 and EUR 776 (HUF 280,500) including them.
Both average gross earnings and average net earnings excluding tax benefits grew equally, by 9.5%. Average net earnings including tax benefits rose by 9.2% compared to the same period of the previous year.
Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at EUR 1,079 (HUF 390,200), which is 9.8% higher than a year before.
Gross average earnings reached EUR 1, 172 (HUF 423 800) in the business sector, EUR 1, 070 (HUF 386 800) in the budgetary sector and EUR 1, 004 (HUF 362 900) at non-profit organizations representing growth of 8.5%, 13.3% and 8.8% respectively, compared to the same period of the previous year. Due to planned wage raises in certain government branches – including the pay raise of doctors, judges and prosecutors, and employees of nurseries – the growth of average wages in the budgetary sector exceeded that of the national economy.
Average gross earnings were the highest in the financial and insurance activities sections – EUR 1,977 (HUF 714 900) and the lowest, or EUR 684 (HUF 247 500) in accommodation and food service activities.
Full-time employees’ average gross earnings amounted to EUR 1, 237 (HUF 447 200) for men and to EUR 1, 038 (HUF 375 500) for women, representing increases of 9.2% for men and 10.2% for women within one year.
Along with the 2.7% rise in consumer prices compared to the same period of the previous year, real earnings increased by 6.6%.
