Average gross earnings amounted to HUF 263,200 in 2016
In December 2016, average gross earnings amounted to HUF 288,800, 5.7% more than one year before.
In January–December 2016, average gross earnings amounted to HUF 263,200 and 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 health and social field had also an impact on earnings growth. Due to the 1 percentage point reduction in the rate of personal income tax, in 2016, the rise of average net earnings was 7.8%, i.e. higher than that of average gross earnings.
In December 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 288,800 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings by national concept were HUF 192,100 excluding family tax benefits and are estimated to be HUF 199,300 including them.
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–December 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 263,200 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 519,000) and the lowest in human health and social work activities (HUF 154,400).
A part of employees at budgetary institutions and non-profit organizations – about 142 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 9,400 at both budgetary and non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 175,000 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 182,200.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 277,200. Within this indicator, the share of other wages and salaries was 5.1% on the average.
Along with the 6.1% increase of gross earnings, net earnings grew by 7.8% due to changes in personal income tax rules.
Along with the 0.4% rise in consumer prices compared to the same period of the previous year, real earnings increased by 7.4%.
Regular gross earnings (gross earnings without premiums and one-month bonus) increased at the same rate as average gross earnings, by 6.1%.
Wages and salaries according to the SNA concept were also 6.1% higher than a year earlier.
Average monthly earnings, January– December 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 | 276 900 | 5.4 | 278 200 | 5.4 |
| Budgetary institutions | 237 500 | 7.8 | 280 700 | 9.6 |
| Non-profit institutions | 232 200 | 5.7 | 254 500 | 5.7 |
| National economy total | 263 200 | 6.1 | 278 100 | 6.5 |
| Of which: | ||||
| fostered workers | 79 000 | –1.0 | x | x |
| Net earnings | ||||
| Business sector | 184 200 | 7.0 | 185 000 | 7.0 |
| Budgetary institutions | 157 900 | 9.5 | 186 700 | 11.2 |
| Non-profit institutions | 154 400 | 7.3 | 169 200 | 7.3 |
| National economy total | 175 000 | 7.8 | 185 000 | 8.1 |
| Of which: | ||||
| fostered workers | 52 500 | 0.5 | x | x |