Average gross earnings amounted to HUF 257,700
In May 2016, average gross earnings amounted to HUF 262,100, 6.0% more than one year before. In January–May 2016, average gross earnings increased by 6.1% 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, in the first five months of the year, the rise of average net earnings was 7.7%, i.e. higher than that of average gross earnings.
In May 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 262,100 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 174,300 by national concept.
In May 2016, compared to the same month of the previous year:
Along with the 6.0% increase of gross earnings, net earnings grew by 7.6% due to changes in personal income tax rules.
In January–May 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 257,700 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 529,600) and the lowest in human health and social work activities (HUF 149,600).
A part of employees at budgetary institutions and non-profit organizations – about 151 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 9,500 at budgetary institutions and HUF 9,200 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 171,300 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 178,500.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 270,500. Within this indicator, the share of other wages and salaries was 4.7% on the average.
In January– May 2016, compared to the same period of the previous year:
Along with the 6.1% increase of gross earnings, net earnings grew by 7.7% due to changes in personal income tax rules.
Along with the 0.2 percentage point rise in consumer prices, real earnings increased by 7.5%.
Regular gross earnings (gross earnings without premiums and one-month bonus) increased by 0.1 percentage point less than average gross earnings.
Wages and salaries according to the SNA concept rose by 6.0%.
Average monthly earnings, January– May 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 | 274 000 | 5.4 | 275 300 | 5.4 |
| Budgetary institutions | 226 900 | 8.0 | 266 000 | 10.6 |
| Non-profit institutions | 224 900 | 5.2 | 245 200 | 6.2 |
| National economy total | 257 700 | 6.1 | 271 900 | 6.8 |
| Of which: | ||||
| fostered workers | 79 300 | -1.3 | x | x |
| Net earnings | ||||
| Business sector | 182 200 | 7.0 | 183 100 | 7.0 |
| Budgetary institutions | 150 900 | 9.6 | 176 900 | 12.3 |
| Non-profit institutions | 149 600 | 6.8 | 163 100 | 7.9 |
| National economy total | 171 300 | 7.7 | 180 800 | 8.4 |
| Of which: | ||||
| fostered workers | 52 700 | 0.2 | x | x |