Average gross earnings amounted to HUF 310,800
In January 2018, both average gross earnings and average net earnings were 13.8% higher than a year earlier. Rises of 8% in the minimum wage and 12% in the guaranteed minimum wage as well as salary adjustments affecting specific areas of the public sector and the employees of some state owned public service companies had an impact on earnings growth.
In January 2018:
Full-time employees’ average gross nominal earnings - as defined by the Hungarian Statistical Office - at corporations employing at least 5 persons, budgetary and designated non-profit institutions amounted to HUF 310,800 and to HUF 323,600 excluding fostered workers.
Average gross earnings were the highest in financial and insurance activities (HUF 570,000) and the lowest (HUF 203,100) in accommodation and food service activities.
Regular gross earnings (gross earnings without premiums and one-month bonuses) amounted to HUF 296,200.Average net earnings – excluding family tax benefits – were HUF 206,700, as defined by the Hungarian Statistical Office. In 2018, family tax benefits rose further in case of families with two children. Taking into account family tax benefits, average net earnings are estimated to be HUF 215,200.
A part of employees at budgetary institutions and non-profit organisations – about 72 thousand persons – received a compensation not belonging to wages and salaries for changes in taxes. The average amount of the compensation was HUF 8,000 at budgetary and HUF 7,400 at non-profit institutions.
Both gross earnings and net earnings without family tax benefits grew to the same extent, by 13.8% while regular gross earnings increased less than that, by 13.4% compared to the previous year.
Along with the 2.1% rise in consumer prices compared to the same period of the previous year, real earnings increased by 11.5%.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 323,100, which were 14.2% higher than a year earlier. Within this indicator, the share of other wages and salaries was 3.8% on the average.
Average monthly earnings, January 2018
| 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 | 323 000 | 13.2 | 324 000 | 13.1 |
| Budgetary institutions | 289 000 | 15.3 | 328 400 | 11.8 |
| Non-profit institutions | 265 800 | 11.6 | 290 200 | 11.6 |
| National economy total | 310 800 | 13.8 | 323 600 | 12.7 |
| Of which: | ||||
| fostered workers | 82 300 | 2.7 | x | x |
| Net earnings | ||||
| Business sector | 214 800 | 13.2 | 215 400 | 13.1 |
| Budgetary institutions | 192 200 | 15.3 | 218 400 | 11.8 |
| Non-profit institutions | 176 700 | 11.6 | 193 000 | 11.6 |
| National economy total | 206 700 | 13.8 | 215 200 | 12.7 |
| Of which: | ||||
| fostered workers | 54 700 | 2.7 | x | x |