Hungary Average Salaries & Expenditures

 
Contents
Average Salary per Job   Average Salary per Sector   Consumption Expenditure   Workforce Composition
Vacation Time   Exchange Rates   Cost of Living   References
 

Average Salary in Hungary - Job and Sector Comparison.

Job  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3)  
 
Airline Pilot average salary PPP $ 2,629 $ 1,669 Employees, May 2005. 614,361 forints 46%
Computer Programmer average salary PPP $ 2,312 $ 1,468 Employees, insurance industry, May 2005. 540,268 forints 46%
Engineer average salary PPP $ 2,055 $ 1,304 Chemical engineers, May 2005. 471,424 forints 45%
Accountant average salary PPP $ 1,789 $ 1,136 Employees, May 2005. 410,462 forints 45%
Professor average salary PPP $ 1,133 $ 719 Employees, May 2005. 242,296 forints 41%
Firefighter average salary PPP $ 942 $ 598 Employees, May 2005. 188,622 forints 37%
Teacher average salary PPP $ 918 $ 583 Employees, May 2005. 181,045 forints 36%
Flight Attendant average salary PPP $ 895 $ 568 Employees, May 2005. 173,815 forints 35%
Professional Nurse average salary PPP $ 855 $ 543 Employees, May 2005. 166,051 forints 35%
Miner average salary PPP $ 812 $ 516 Employees, May 2005. 153,006 forints 33%
Bus Driver average salary PPP $ 805 $ 511 Employees, May 2005. 149,464 forints 32%
Wood Grinder average salary PPP $ 755 $ 479 Employees, May 2005. 138,138 forints 31%
Physiotherapist average salary PPP $ 733 $ 466 Employees, May 2005. 132,208 forints 30%
Auxiliary Nurse average salary PPP $ 716 $ 455 Employees, May 2005. 122,145 forints 26%
Car Mechanic average salary PPP $ 707 $ 449 Employees, May 2005. 120,528 forints 26%
Office Clerk average salary PPP $ 696 $ 442 Employees, May 2005. 118,695 forints 26%
Hotel Receptionist average salary PPP $ 605 $ 384 Employees, May 2005. 100,461 forints 24%
Postman average salary PPP $ 589 $ 374 Employees, May 2005. 95,315 forints 22%
Carpenter average salary PPP $ 535 $ 339 Employees, May 2005. 85,390 forints 21%
Chambermaid average salary PPP $ 515 $ 327 Employees, May 2005. 81,192 forints 20%
Baker average salary PPP $ 514 $ 326 Employees, May 2005. 81,051 forints 20%
Garment Cutter average salary PPP $ 487 $ 309 Employees, May 2005. 76,845 forints 20%
Furniture Finisher average salary PPP $ 486 $ 309 Employees, May 2005. 76,708 forints 20%
Salesperson average salary PPP $ 461 $ 292 Employees, May 2005. 72,676 forints 20%
Sector              
Financial average income PPP $ 1,583 $ 1,005 Full-time employees in enterprises with 5 or more employees, 2005. 350,536 forints 43%
Gas-Electricity-Water average income PPP $ 991 $ 629 Full-time employees in enterprises with 5 or more employees, 2005. 208,383 forints 40%
Education average income PPP $ 906 $ 575 Full-time employees in enterprises with 5 or more employees, 2005. 181,448 forints 37%
Transport-Communication average income PPP $ 874 $ 555 Full-time employees in enterprises with 5 or more employees, 2005. 169,748 forints 35%
Mining-Quarrying average income PPP $ 867 $ 550 Full-time employees in enterprises with 5 or more employees, 2005. 168,365 forints 35%
Real Estate average income PPP $ 847 $ 538 Full-time employees in enterprises with 5 or more employees, 2005. 161,912 forints 34%
All Sectors average income PPP $ 828 $ 526 Full-time employees in enterprises with 5 or more employees, 2005. 158,315 forints 34%
Manufacturing average income PPP $ 788 $ 500 Full-time employees in enterprises with 5 or more employees, 2005. 146,232 forints 32%
Construction average income PPP $ 642 $ 407 Full-time employees in enterprises with 5 or more employees, 2005. 106,566 forints 24%
Hotels-Restaurants average income PPP $ 592 $ 376 Full-time employees in enterprises with 5 or more employees, 2005. 95,773 forints 22%
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data supplied by the Hungarian Central Statistical Office to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women.
  (3) The compulsory deductions are obtained from the OECD Tax Database [k] and include social security and income tax. The deductions are representative of single-earner-married-without-child status, and take into account family benefits in terms of cash transfers.
 
 

Consumption Expenditure

:
annual, per capita, incl. non-monetary expenditure
   Total   Health   Housing (1)  Food (2)  Apparel   Education   Transport     
2005
4,679
590,424
  
187
23,616
  
1,095
138,156
  
1,376
173,581
  
257
32,460
  
37
4,728
  
547
69,072
  
constant 2005 US$ at PPP
current forints
(1)    Incl. actual rentals, water, supply, repairs, fuel, lighting, furniture, household equipment, excl. owner-imputed rent.
(2)    Incl. tobacco and alcoholic beverages.
Source: Household Budget Survey [9], 2003 (2.7 persons per household).
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 5.4   22.3   8.3   2.1   71.8   7.8  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
3.9 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
10.0 million (2006).
Source:   CIA World Factbook [b].
 

Compulsory Deductions

 :  
32.9% for a single with no child, 27.5% for a single with two children, 32.9% for a one-earner married couple with no child, and 27.5% for a one-earner married couple with two children.
Source:   OECD Tax Database [k], 2005, combined deductions including family allowances in terms of cash transfers on a gross monthly salary income of 148,213 forints.
 

Vacation Time

 :  
20 working days per year (legally required minimum vacation time) [e].
 

Inflation

 :  
220.2 (2001), 231.9 (2002), 242.8 (2003), 259.5 (2004), 271.0 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
109.127 (2001), 116.944 (2002), 122.762 (2003), 125.712 (2004), 126.189 (2005);
Source:   IMF PPP exchange rates [d], forints per U.S. dollar.
 

Nominal Exchange Rate

 :  
285.7 (2001), 256.4 (2002), 223.7 (2003), 202.0 (2004), 198.8 (2005);
Source:   Interbank nominal exchange rates [a], forints per U.S. dollar.
 

Cost of Living

 :  
0.382 (2001), 0.456 (2002), 0.549 (2003), 0.622 (2004), 0.635 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References
 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[b]   CIA World Factbook.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Vacation - Wikipedia, from Wikipedia, the free encyclopedia.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
 
Other links:
Social Security in Hungary, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Hungary Economy Overview, CIA World Factbook.
Hungary: Selected Internet Resources, U.S. Library of Congress.
Hungary: Statistics, Organization for Economic Co-Operation and Development (OECD).