Incredible average gross wage in Hungary

Gross wages of full-time employees was 645,300 forints in April, up 13.5 percent year on year, the Central Statistical Office (KSH) said on Friday.

The average net wage was 444,000 in April, the KSH said. Real wages rose by 9.5 percent, calculating with April inflation of 3.7 percent. The gross median wage increased by 16.6 percent to 516,000 forints. The net median wage in Hungary is only HUF 340,700 (EUR 857). That is why many Hungarians choose to leave the country to work for more in Western Europe. They are replaced with guest workers from Ukraine and East Asia. We wrote about their rising number in THIS article.

Commenting on the data, state secretary for employment policy Sándor Czomba said inflation had been curbed by the government’s targeted measures and real wages had been rising for eight months in a row. This, he added, supported the expansion of consumption, boosting economic growth.

Read also:

  • High salaries at Lake Balaton: workers might earn EUR 4,500 over summer – Read more HERE
  • Have the wages of manual workers skyrocketed in Hungary?

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