Average gross earnings amounted to HUF 274,300
In February 2017, average gross earnings amounted to HUF 274,800, 10.7% higher than a year earlier. In January–February 2017, average gross earnings amounted to HUF 274,300 and increased by 10.3% compared to the same period of the previous year. Primarily, the rise in the minimum wage and the guaranteed minimum wage of 15% and 25%, respectively, as well as the salary adjustment in new areas of the public sector – affecting among others those working in health and cultural fields – had an impact on earnings growth. In the first two month of the year, the rise of average net earnings was equal to that of average gross earnings.
In February 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 274,800 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings by national concept were HUF 182,700 excluding family tax benefits and HUF 190,500 including them.
Both gross earnings and net earnings grew by 10.7% compared to the same period of the previous year.
In January–February 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 274,300 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 517,100) and the lowest in human health and social work activities (HUF 172,900).
A part of employees at budgetary institutions and non-profit organisations – about 102 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 budgetary institutions and HUF 8,600 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 182,400 by national concept. In 2017, the family tax benefits rose 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 190,200.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 286,100. Within this indicator, the share of other wages and salaries was 4.1% on the average.
Both gross earnings and net earnings grew by 10.3% over one year.
Along with the 2.6% 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 more than average gross earnings, by 10.7%
Wages and salaries according to the SNA concept were 10.3% higher than a year earlier.
Average monthly earnings, January–February 2017
| 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 | 286 500 | 9.2 | 287 600 | 9.1 |
| Budgetary institutions | 252 000 | 12.9 | 295 000 | 13.2 |
| Non-profit institutions | 237 800 | 8.7 | 261 100 | 9.1 |
| National economy total | 274 300 | 10.3 | 288 500 | 10.1 |
| Of which: | ||||
| fostered workers | 80 400 | 1.5 | x | x |
| Net earnings | ||||
| Business sector | 190 500 | 9.2 | 191 200 | 9.1 |
| Budgetary institutions | 167 600 | 12.9 | 196 100 | 13.2 |
| Non-profit institutions | 158 200 | 8.7 | 173 600 | 9.1 |
| National economy total | 182 400 | 10.3 | 191 800 | 10.1 |
| Of which: | ||||
| fostered workers | 53 400 | 1.5 | x | x |