Average gross earnings amounted to HUF 287,100
In April 2017, average gross earnings amounted to HUF 303,000, 14.6% higher than a year earlier. In January–April 2017, average gross earnings amounted to HUF 287,100. In the first four months of the year, both gross and net earnings grew by 11.9% compared to the same period of the previous year. Rises of 15% in the minimum wage and 25% in the guaranteed minimum wage as well as salary adjustments affecting specific areas of the public sector and the employees of state owned public service companies had an impact on earnings growth.
In April 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 303,000 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings by national concept were HUF 201,500 excluding family tax benefits and HUF 209,300 including them.
Both gross earnings and net earnings grew by 14.6% compared to the same period of the previous year.
In January–April 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 287,100 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 582,700) and the lowest in human health and social work activities (HUF 178,400).
A part of employees at budgetary institutions and non-profit organisations – about 107 thousand persons – received a compensation not belonging to wages and salaries for changes in taxes. The average amount of the compensation was HUF 9,200 at budgetary institutions and HUF 8,600 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 191,000 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 198,800.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 301,000. Within this indicator, the share of other wages and salaries was 4.6% on the average.
Both gross earnings and net earnings grew to the same extent, by 11.9% over one year.
Along with the 2.5% rise in consumer prices compared to the same period of the previous year, real earnings increased by 9.2%.
Regular gross earnings (gross earnings without premiums and one-month bonus) increased more than average gross earnings, by 12.1%
Wages and salaries according to the SNA concept were 11.7% higher than a year earlier.
Average monthly earnings, January–April 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 | 301 800 | 10.6 | 302 800 | 10.5 |
| Budgetary institutions | 260 100 | 15.2 | 301 400 | 14.4 |
| Non-profit institutions | 246 200 | 9.7 | 267 500 | 9.6 |
| National economy total | 287 100 | 11.9 | 301 100 | 11.4 |
| Of which: | ||||
| fostered workers | 81 600 | 3.0 | x | x |
| Net earnings | ||||
| Business sector | 200 700 | 10.6 | 201 400 | 10.5 |
| Budgetary institutions | 172 900 | 15.2 | 200 400 | 14.4 |
| Non-profit institutions | 163 700 | 9.7 | 177 900 | 9.6 |
| National economy total | 191 000 | 11.9 | 200 200 | 11.4 |
| Of which: | ||||
| fostered workers | 54 300 | 3.0 | x | x |