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Feb 27, 2020

Hungary's average gross wage grows by an annual 13.1 percent

The average gross wage for full-time workers in Hungary grew by an annual 13.1 percent to a monthly HUF 406,388 (EUR 1,200) in December 2019.

The average gross wage for full-time workers in Hungary grew by an annual 13.1 percent to a monthly HUF 406,388 (EUR 1,200) in December 2019.

The Central Statistical Office (KSH) said net wages grew at the same pace, to HUF 270,248.

State Secretary András Tállai recently revealed that with robust growth in the last quarter of 2019 and improving credit ratings, the Hungarian economy remains among the best performing in Europe.

Tállai said the past quarter was the tenth successive one with economic growth exceeding 4 percent and it even outperformed analysts' growth expectations of 4.2 percent, coming in at 4.5 percent, while full-year growth stands at 4.9 percent.

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