Average gross earnings amounted to HUF 288,900
In May 2017, average gross earnings amounted to HUF 296,100, 12.9% higher than a year earlier. In January–May 2017, average gross earnings amounted to HUF 288,900. In the first five months of the year, both gross and net earnings grew by 12.1% 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 May 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 296,100 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings by national concept were HUF 196,900 excluding family tax benefits and HUF 204,700 including them.
Both gross earnings and net earnings grew by 12.9% compared to the same period of the previous year.
In January–May 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 288,900 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 568,800) and the lowest in human health and social work activities (HUF 178,900).
A part of employees at budgetary institutions and non-profit organisations – about 108 thousand persons – received a compensation not belonging to wages and salaries for changes in taxes. The average amount of the compensation was HUF 9,000 at budgetary institutions and HUF 8,600 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 192,100 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 200,000.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 302,700. 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 12.1% over one year.
Along with the 2.4% rise in consumer prices compared to the same period of the previous year, real earnings increased by 9.5%.
Regular gross earnings (gross earnings without premiums and one-month bonus) increased more than average gross earnings, by 12.5%
Wages and salaries according to the SNA concept were 11.9% higher than a year earlier.
Average monthly earnings, January–May 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 | 303 100 | 10.6 | 304 100 | 10.5 |
| Budgetary institutions | 263 000 | 15.9 | 304 800 | 14.6 |
| Non-profit institutions | 247 200 | 9.9 | 268 900 | 9.7 |
| National economy total | 288 900 | 12.1 | 303 000 | 11.4 |
| Of which: | ||||
| fostered workers | 81 700 | 3.0 | x | x |
| Net earnings | ||||
| Business sector | 201 500 | 10.6 | 202 200 | 10.5 |
| Budgetary institutions | 174 900 | 15.9 | 202 700 | 14.6 |
| Non-profit institutions | 164 400 | 9.9 | 178 800 | 9.7 |
| National economy total | 192 100 | 12.1 | 201 500 | 11.4 |
| Of which: | ||||
| fostered workers | 54 300 | 3.0 | x | x |