Average gross earnings amounted to HUF 258,000
In June 2016, average gross earnings amounted to HUF 259,900, 5.7% more than one year before.
In January–June 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 growthDue to the 1 percentage point reduction in the rate of personal income tax, in the first six months of the year, the rise of average net earnings was 7.6%, i.e. higher than that of average gross earnings.
In June 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 259,900 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 172,800 by national concept.
Along with the 5.7% increase of gross earnings, net earnings grew by 7.3% compared to the same period of the previous year due to changes in personal income tax rules.
In January–June 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 258,000 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 527,200) and the lowest in human health and social work activities (HUF 149,400).
A part of employees at budgetary institutions and non-profit organizations – about 146 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 9,700 at budgetary institutions and HUF 9,500 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 171,600 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 178,800.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 271,300. Within this indicator, the share of other wages and salaries was 4.9% on the average.
Along with the 6.0% increase of gross earnings, net earnings grew by 7.6% due to changes in personal income tax rules.
Along with the 0.1% rise in consumer prices compared to the same period of the previous year, 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 were 5.9% higher than a year earlier.
Average monthly earnings, January– June 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 | 5.3 | 275 300 | 5.3 |
| Budgetary institutions | 227 900 | 7.9 | 268 000 | 10.5 |
| Non-profit institutions | 226 300 | 5.4 | 247 400 | 6.4 |
| National economy total | 258 000 | 6.0 | 272 500 | 6.6 |
| Of which: | ||||
| fostered workers | 79 200 | -1.4 | x | x |
| Net earnings | ||||
| Business sector | 182 200 | 6.9 | 183 100 | 6.9 |
| Budgetary institutions | 151 500 | 9.5 | 178 300 | 12.1 |
| Non-profit institutions | 150 500 | 7.0 | 164 500 | 8.1 |
| National economy total | 171 600 | 7.6 | 181 200 | 8.3 |
| Of which: | ||||
| fostered workers | 52 700 | 0.1 | x | x |