Average gross earnings amounted to HUF 290,300
In July 2017, average gross earnings amounted to HUF 290,500, 13.1% higher than a year earlier. In January–July 2017, average gross earnings amounted to HUF 290,300. In the first seven months of the year, both gross and net earnings grew by 12.6% 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 July 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 290,500 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings by national concept were HUF 193,100 excluding family tax benefits and HUF 200,900 including them.
Both gross earnings and net earnings grew by 13.1% compared to the same period of the previous year.
In January–July 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 290,300 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 571,900) and the lowest in human health and social work activities (HUF 180,300).
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 8,500 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 193,100 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 201,000.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 304,400. 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 12.6% over one year.
Along with the 2.3% rise in consumer prices compared to the same period of the previous year, real earnings increased by 10.1%.
Regular gross earnings (gross earnings without premiums and one-month bonus) increased slightly more than average gross earnings, by 12.7%.
Wages and salaries according to the SNA concept were 12.2% higher than a year earlier.
Average monthly earnings, January–July 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 | 304 200 | 11.2 | 305 300 | 11.1 |
| Budgetary institutions | 264 700 | 15.8 | 306 200 | 13.8 |
| Non-profit institutions | 249 700 | 10.5 | 272 100 | 10.1 |
| National economy total | 290 300 | 12.6 | 304 300 | 11.7 |
| Of which: | ||||
| fostered workers | 81 700 | 3.2 | x | x |
| Net earnings | ||||
| Business sector | 202 300 | 11.2 | 203 000 | 11.1 |
| Budgetary institutions | 176 000 | 15.8 | 203 700 | 13.8 |
| Non-profit institutions | 166 000 | 10.5 | 181 000 | 10.1 |
| National economy total | 193 100 | 12.6 | 202 400 | 11.7 |
| Of which: | ||||
| fostered workers | 54 300 | 3.2 | x | x |