The Budapest Times
Illustration - Photo: pxfuel

Real wages grow by 3.5 percent

Full-time employees’ average gross earnings were HUF 714,400 and average net earnings reached HUF 490,400 in March 2025. Average gross earnings grew by 8.5%, net earnings increased by 8.4% and real earnings were 3.5% higher than a year earlier. Median gross earnings were HUF 550,000, and median net earnings were HUF 381,700, surpassing the value for the same period of the previous year by 8.6% and 8.3%, respectively.

In March full-time employees’ average gross earnings were HUF 714,400, which was 8.5% higher than a year earlier.

Average net earnings reached HUF 490,400, being 8.4% higher than in March 2024.

Regular average gross earnings (without premiums and one-month bonuses) were estimated at HUF 648,700, being 8.4% higher than in the same period of the previous year. The regular average gross earnings amounted to HUF 645,800 in the business sector, HUF 647,000 in the budgetary sector and HUF 681,400 in the non-profit sector, rising by 8.0%, 9.1% and 9.9%, respectively, over a year.

Real earnings were up by 3.5%, along with a 4.7% increase in consumer prices compared to the same period of the previous year.

Median gross earnings were HUF 550,000, being 8.6% above the level a year earlier.

Median net earnings reached HUF 381,700, surpassing the value for the same period of the previous year by 8.3%.

In January-March 2025 full-time employees’ average gross earnings amounted to HUF 680,400, and average net earnings were HUF 467,600.

Average gross earnings increased by 9.2% and average net earnings by 9.1% compared to the same period of the previous year.

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