Average gross earnings amounted to HUF 281,900
In March 2017, average gross earnings amounted to HUF 298,300, 12.8% higher than a year earlier. In January–March 2017, average gross earnings amounted to HUF 281,900. In the first three months of the year, both gross and net earnings grew by 11.0% 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 March 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 298,300 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings by national concept were HUF 198,400 excluding family tax benefits and HUF 206,300 including them.
Both gross earnings and net earnings grew by 12.8% compared to the same period of the previous year.
In January–March 2017:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 281,900 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 540,900) and the lowest in human health and social work activities (HUF 176,500).
A part of employees at budgetary institutions and non-profit organisations – about 106 thousand persons – received a compensation not belonging to wages and salaries for changes in taxes and contributions. The average amount of the compensation was HUF 9,400 at budgetary institutions and HUF 8,700 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 187,400 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 195,300.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 295,300. Within this indicator, the share of other wages and salaries was 4.5% on the average.
Both gross earnings and net earnings grew by 11.0% over one year.
Along with the 2.6% rise in consumer prices compared to the same period of the previous year, real earnings increased by 8.2%.
Regular gross earnings (gross earnings without premiums and one-month bonus) increased more than average gross earnings, by 11.5%
Wages and salaries according to the SNA concept were 11.1% higher than a year earlier.
Average monthly earnings, January–March 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 | 295 900 | 9.9 | 296 900 | 9.8 |
Budgetary institutions | 255 500 | 13.8 | 296 300 | 13.6 |
Non-profit institutions | 245 000 | 9.0 | 265 900 | 9.1 |
National economy total | 281 900 | 11.0 | 295 600 | 10.7 |
Of which: | ||||
fostered workers | 81 100 | 2.6 | x | x |
Net earnings | ||||
Business sector | 196 800 | 9.9 | 197 500 | 9.8 |
Budgetary institutions | 169 900 | 13.8 | 197 100 | 13.6 |
Non-profit institutions | 162 900 | 9.0 | 176 900 | 9.1 |
National economy total | 187 400 | 11.0 | 196 600 | 10.7 |
Of which: | ||||
fostered workers | 54 000 | 2.6 | x | x |