Average gross earnings amounted to HUF 253,800
In January–March 2016, average gross earnings increased by 6.0% compared to the same period of the previous year. The 5.7% rise of the minimum wage and the guaranteed minimum wage, as well as the salary increase of armed forces and the payment of an additional allowance for those working in the social field had an impact on earnings growth. Due to the 1 percentage point reduction in the rate of personal income tax, the rise of average net earnings was 7.7%, i.e. higher than that of average gross earnings.
In January–March 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 253,800 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average gross earnings were the highest in financial and insurance activities (HUF 511,100) and the lowest in human health and social work activities (HUF 150,700).
A part of employees at budgetary institutions and non-profit organizations – about 141 thousand persons – received a compensation not belonging to wages and salaries for changes in taxes and contributions. The average amount of the compensation was HUF 10,100 at budgetary institutions and HUF 9,900 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 168,800 by national concept. In 2016, the rules of family tax benefits changed considerably – mainly in case of families with two children –, which had an effect on the amount and change of net earnings. Taking into account family tax benefits, average net earnings are estimated to be HUF 176,000.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 265,800. Within this indicator, the share of other wages and salaries was 4.5% on the average.
In January–March 2016, compared to the same period of the previous year:
Along with the 6.0% increase of gross earnings, net earnings grew by 7.7% due to changes in personal income tax rules.
Along with the 0.3 percentage point rise in consumer prices, real earnings increased by 7.4%.
Regular gross earnings (gross earnings without premiums and one-month bonus) and average gross earnings increased at the same rate, by 6.0%.
Wages and salaries according to the SNA concept rose by 5.7%.
Average monthly earnings, January–March 2016
| Sector | Total | Without fostered workers | ||
|---|---|---|---|---|
| average earnings, HUF | change compared to the corresponding period of the previous year, % | average earnings, HUF | change compared to the corresponding period of the previous year, % | |
| Gross earnings | ||||
| Business sector | 269 200 | 5,4 | 270 400 | 5,4 |
| Budgetary institutions | 224 500 | 7,8 | 260 900 | 10,0 |
| Non-profit institutions | 224 700 | 5,0 | 243 700 | 6,3 |
| National economy total | 253 800 | 6,0 | 267 000 | 6,6 |
| Of which: | ||||
| fostered workers | 79 100 | -0,5 | x | x |
| Net earnings | ||||
| Business sector | 179 000 | 7,0 | 179 800 | 7,0 |
| Budgetary institutions | 149 300 | 9,4 | 173 500 | 11,7 |
| Non-profit institutions | 149 500 | 6,6 | 162 100 | 7,9 |
| National economy total | 168 800 | 7,7 | 177 600 | 8,3 |
| Of which: | ||||
| fostered workers | 52 600 | 1,0 | x | x |