The structure of earnings statistics (STADAT) tables has been renewed
Average gross earnings amounted to HUF 308,700
In February 2018, average gross earnings amounted to HUF 306,500, 11.9% higher than a year earlier. In January–February 2018, average gross earnings amounted to HUF 308,700 and average net earnings to HUF 205,300, both of them grew to the same extent, by 12.9% compared to the same period of the previous year. 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 February 2018:
Full-time employees’ average gross nominal earnings – as defined by the Hungarian Statistical Office – amounted to HUF 306,500 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average net earnings were HUF 203,800 excluding family tax benefits and HUF 212,300 including them.
Both gross earnings and net earnings grew by 11.9% compared to the same period of the previous year.
In January–February 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 308,700 and to HUF 321,100 excluding fostered workers.
Average gross earnings were the highest in financial and insurance activities (HUF 555,600) and the lowest (HUF 204,500) in accommodation and food service activities.
Regular gross earnings (gross earnings without premiums and one-month bonuses) amounted to HUF 293,900.
Average net earnings – excluding family tax benefits – were HUF 205,300, 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 213,700.
A part of employees at budgetary institutions and non-profit organisations – about 77 thousand persons – received a compensation not belonging to wages and salaries for changes in taxes. The average amount of the compensation was HUF 8,700 at budgetary and HUF 7,600 at non-profit institutions.
Both gross earnings and net earnings without family tax benefits grew to the same extent, by 12.9%, while regular gross earnings increased less than that, by 12.5% compared to the previous year.
Along with the 2.0% rise in consumer prices compared to the same period of the previous year, real earnings increased by 10.7%.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 321,500, which were 12.8% higher than a year earlier. Within this indicator, the share of other wages and salaries was 4.0% on the average.
Average monthly earnings, January - February 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 | 319 400 | 11.9 | 320 300 | 11.8 |
Budgetary institutions | 289 600 | 14.9 | 328 200 | 11.2 |
Non-profit institutions | 268 100 | 12.2 | 292 200 | 11.9 |
National economy total | 308 700 | 12.9 | 321 100 | 11.7 |
Of which: | ||||
fostered workers | 81 900 | 2.0 | x | x |
Net earnings | ||||
Business sector | 212 400 | 11.9 | 213 000 | 11.8 |
Budgetary institutions | 192 600 | 14.9 | 218 200 | 11.2 |
Non-profit institutions | 178 300 | 12.2 | 194 300 | 11.9 |
National economy total | 205 300 | 12.9 | 213 500 | 11.7 |
Of which: | ||||
fostered workers | 54 500 | 2.0 | x | x |