Hungary: Average net earnings were HUF 280,500 in June 2020

In June 2020, average gross earnings amounted to HUF 421,700, 15.6% higher than a year earlier. The one-time HUF 500.000 bonus received by health care workers explain a significant part of the outstanding growth.

In January–June 2020, average gross earnings amounted to HUF 395.000, average net earnings were HUF 262.600.

Both grew by 9.9% compared to the same period of the previous year.

Full-time employees’ average gross nominal 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 421,700 and excluding fostered workers were HUF 434,000.

Average net earnings were HUF 280,500 excluding tax benefits and HUF 290,200 including them.

Both average gross earnings and average net earnings excluding tax benefits grew equally, by 15.6%.

Average net earnings including tax benefits rose to a greater extent, by 16.0%, 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 375,900, which is 10.6% higher than a year before.

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