Wages grow by nearly 10 percent

In february 2025 full-time employees’ average gross earnings were HUF 661,400, which was 9.3% higher than a year earlier.

Regular average gross earnings (without premiums and one-month bonuses) were estimated at HUF 632,500, being 9.4% higher than in the same period of the previous year. The regular average gross earnings amounted to HUF 630,600 in the business sector, HUF 626,400 in the budgetary sector and HUF 666,800 in the non-profit sector, rising by 9.3%, 9.3% and 10.7%, respectively, over a year.

Average net earnings reached HUF 439,800, excluding tax benefits and HUF 455,000, including them, being 9.3% and 9.1% higher, respectively, than in February 2024.

Real earnings were up by 3.5%, along with a 5.6% increase in consumer prices compared to the same period of the previous year.

Median gross earnings were HUF 533,600, being 8.5% above the level a year earlier.

Median net earnings including tax benefits reached HUF 370,700, surpassing the value for the same period of the previous year by 8.8%.

In January-February 2025 full-time employees’ average gross earnings amounted to HUF 664,700.

Average net earnings were HUF 442,000, excluding tax benefits and HUF 457,000, including tax benefits.

Average gross earnings and average net earnings excluding tax benefits increased by 9.8% and net earnings including tax benefits rose by 9.6% compared to the same period of the previous year.