Statistics on earnings is renewing – more detailed information
Average gross earnings amounted to HUF 327,200
In November 2018, average gross earnings amounted to HUF 355,100, 10.4% higher than a year earlier. In January–November 2018, average gross earnings amounted to HUF 327,200 and average net earnings to HUF 217,600, both of them grew to the same extent, by 11.5% 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 November 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 355,100 and to HUF 366,700 excluding fostered workers.
Average net earnings were HUF 236,100 excluding family tax benefits and HUF 244,700 including them.
Both gross earnings and net earnings grew by 10.4% compared to the same period of the previous year.
In January–November 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 327,200 and to HUF 338,900 excluding fostered workers.
Average gross earnings were the highest in financial and insurance activities (HUF 599,800) and the lowest (HUF 210,800) in accommodation and food service activities.
Regular gross earnings (gross earnings without premiums and one-month bonuses) amounted to HUF 305,800.
Average net earnings – excluding family tax benefits – were HUF 217,600, 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 226,200.
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 8,200 per capita at budgetary and HUF 7,300 at non-profit institutions.
Both gross earnings and net earnings without family tax benefits grew to the same extent, by 11.5%, while regular gross earnings increased less than that, by 11.4% compared to the previous year.
Along with the 2.8% rise in consumer prices compared to the same period of the previous year, real earnings increased by 8.5%.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 343,100, which were 11.4% higher than a year earlier. Within this indicator, the share of other wages and salaries was 4.6% on the average.
Average monthly earnings, January–November 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 | 338 500 | 10.9 | 339 200 | 10.8 |
Budgetary institutions | 307 000 | 12.5 | 344 300 | 9.4 |
Non-profit institutions | 280 700 | 10.7 | 301 000 | 9.6 |
National economy total | 327 200 | 11.5 | 338 900 | 10.3 |
Of which: | ||||
fostered workers | 82 000 | 0.3 | x | x |
Net earnings | ||||
Business sector | 225 100 | 10.9 | 225 600 | 10.8 |
Budgetary institutions | 204 200 | 12.5 | 229 000 | 9.4 |
Non-profit institutions | 186 700 | 10.7 | 200 200 | 9.6 |
National economy total | 217 600 | 11.5 | 225 300 | 10.3 |
Of which: | ||||
fostered workers | 54 500 | 0.3 | x | x |