In the EU, only Bulgarians earn less than Hungarians

0 12

The statistical office of the European Union Eurostat according to its data, in 2021 the adjusted average annual salary of full-time employees in the EU was 33,500 euros.

This indicator, which is based on a combination of national accounts and labor force survey (LFS) data, has been published by Eurostat for the first time. “Adjustment” refers to the fact that the index includes part-time wages in such a way that it is adjusted to full-time wages.

Hungary could only overtake Bulgaria

Among the EU member states, the highest adjusted full-time annual salary in 2021 was in Luxembourg (€72,200). Denmark (63,300 euros) and Ireland (50,300 euros) also made it onto the imaginary podium.

The lowest average wages were measured in Bulgaria (10,300 euros), Hungary (12,600 euros) and Romania (13,000 euros).

The Hungarian figure, 12,600 euros, means HUF 423,000 per month at the exchange rate of HUF 403 on Tuesday morning. Since the data series refers to 2021, and last year the exchange rate typically varied between 350 and 370 forints against the euro, i.e. calculation with an exchange rate of 360 forints, the average salary is only 378,000 forints.

Average annual adjusted salary of full-time employees in the EU (Source: Eurostat)

According to Eurostat data, according to the Central Statistics Office (KSH), in 2021 the average gross salary was HUF 438.8 thousand, and the average net salary was HUF 291.8 thousand – both increased by 8.7 percent compared to 2020.

According to the latest data from KSH, in September 2022, the average gross earnings of full-time employees was 504.1 thousand forints, while the average net earnings calculated with the discounts considered was 347.5 thousand. The average gross profit increased by 17.8 percent and the average net profit by 18.4 percent compared to a year before.

Leave A Reply

Your email address will not be published.