Hungary has made another significant step forward in terms of wage convergence: based on recent Eurostat data, in 2024, the country’s average annual wage has risen enough to surpass Greece for the first time in four years.
This is an important change, as Hungary has been at the bottom of the list after Bulgaria for the past four years. The current data shows a clear improvement: Hungary’s average annual wage of €18,461 surpassed that of Greece, where last year’s average was €17,954. Bulgaria remains at the bottom of the list with €15,387.
This change clearly indicates that the rise in Hungarian wages, which has been ongoing for years, is continuing, and the country is gradually catching up with the other Member States.
In 2024, the average annual full-time adjusted salary for employees in the EU was €39,800, reflecting a 5.2% increase from €37,800 in 2023.
Among the EU countries, the highest average annual full-time adjusted salary was recorded in Luxembourg (€83,000), followed by Denmark (€71,600) and Ireland (€61,100).
Source: Hungary Today
