The structure of earnings statistics (STADAT) tables has been renewed
Average gross earnings amounted to HUF 324,300
In August 2018, average gross earnings amounted to HUF 321,200, 10.1% higher than a year earlier. In January–August 2018, average gross earnings amounted to HUF 324,300 and average net earnings to HUF 215,700, both of them grew to the same extent, by 11.8% compared to the same period of the previous year. An upsurge in labour demand, 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 August 2018:
Full-time employees’ average gross nominal earnings – as defined by the Hungarian Central Statistical Office – at corporations employing at least 5 persons, budgetary and designated non-profit institutions amounted to HUF 321,200 and to HUF 331,400 excluding fostered workers.
Average net earnings were HUF 213,600 excluding family tax benefits and HUF 222,100 including them.
Both gross earnings and net earnings grew by 10.1% compared to the same period of the previous year.
In January–August 2018:
Full-time employees’ average gross nominal earnings – as defined by the Hungarian Central Statistical Office – at corporations employing at least 5 persons, budgetary and designated non-profit institutions amounted to HUF 324,300 and to HUF 336,300 excluding fostered workers.
Average gross earnings were the highest in financial and insurance activities (HUF 604,800) and the lowest (HUF 209,000) in accommodation and food service activities.
Regular gross earnings (gross earnings without premiums and one-month bonuses) amounted to HUF 303,700.
Average net earnings – excluding family tax benefits – were HUF 215,700, as defined by the Hungarian Central 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 224,200.
A part of employees at budgetary institutions and non-profit organisations – about 80 thousand persons – received a compensation not belonging to wages and salaries for changes in taxes. The average amount of the compensation was HUF 8,300 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 11.8%, while regular gross earnings increased less than that, by 11.5% compared to the previous year.
Along with the 2.6% rise in consumer prices compared to the same period of the previous year, real earnings increased by 9.0%.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 339,700, which were 11.7% higher than a year earlier. Within this indicator, the share of other wages and salaries was 4.5% on the average.
Average monthly earnings, January – August 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 | 335 500 | 10.8 | 336 300 | 10.7 |
Budgetary institutions | 304 300 | 14.0 | 342 300 | 10.9 |
Non-profit institutions | 278 700 | 11.3 | 300 000 | 10.5 |
National economy total | 324 300 | 11.8 | 336 300 | 10.7 |
Of which: | ||||
fostered workers | 82 100 | 0.5 | x | x |
Net earnings | ||||
Business sector | 223 100 | 10.8 | 223 600 | 10.7 |
Budgetary institutions | 202 400 | 14.0 | 227 700 | 10.9 |
Non-profit institutions | 185 300 | 11.3 | 199 500 | 10.5 |
National economy total | 215 700 | 11.8 | 223 600 | 10.7 |
Of which: | ||||
fostered workers | 54 600 | 0.5 | x | x |