Average gross earnings at HUF 390.000 in Hungary

In May 2020, average gross earnings amounted to HUF 398.800, 9.4% higher than a year earlier. In January–May 2020, average gross earnings amounted to HUF 390.000, average net earnings were HUF 259,300; both grew by 8.8% compared to the same period of the previous year.

Full-time employees’ average gross nominal earnings at corporations employing at least 5 persons, at budgetary institutions and significant non-profit organisations in respect of employment, amounted to HUF 398.800 and excluding fostered workers were HUF 409.800.

Average net earnings were HUF 265.200 excluding tax benefits and HUF 274.500 including them.

Both average gross earnings and average net earnings excluding tax benefits grew equally, by 9.4%. Average net earnings including tax benefits rose to a greater extent, by 9.9%, compared to the same period of the previous year, in relation to a temporary decrease as well as elimination of social security payment obligations in certain economic branches.

Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 370.600, which is 8.4% higher than a year before.

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