Average gross earnings amounted to HUF 324,100
In September 2018, average gross earnings amounted to HUF 322,800, 10.4% higher than a year earlier. In January–September 2018, average gross earnings amounted to HUF 324,100 and average net earnings to HUF 215,500, both of them grew to the same extent, by 11.7% 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 September 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 322,800 and to HUF 333,000 excluding fostered workers.
Average net earnings were HUF 214,600 excluding family tax benefits and HUF 223,200 including them.
Both gross earnings and net earnings grew by 10.4% compared to the same period of the previous year.
In January–September 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 324,100 and to HUF 335,900 excluding fostered workers.
Average gross earnings were the highest in financial and insurance activities (HUF 600,200) and the lowest (HUF 209,600) in accommodation and food service activities.
Regular gross earnings (gross earnings without premiums and one-month bonuses) amounted to HUF 304,200.
Average net earnings – excluding family tax benefits – were HUF 215,500, 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 224,100.
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 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 11.7%, while regular gross earnings increased less than that, by 11.5% compared to the previous year.
Along with the 2.7% rise in consumer prices compared to the same period of the previous year, real earnings increased by 8.8%.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 339,500, which were 11.6% 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 – September 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 | 335 100 | 10.9 | 335 800 | 10.7 |
| Budgetary institutions | 304 700 | 13.4 | 342 200 | 10.2 |
| Non-profit institutions | 278 900 | 10.9 | 299 700 | 10.0 |
| National economy total | 324 100 | 11.7 | 335 900 | 10.6 |
| Of which: | ||||
| fostered workers | 82 000 | 0.5 | x | x |
| Net earnings | ||||
| Business sector | 222 900 | 10.9 | 223 300 | 10.7 |
| Budgetary institutions | 202 600 | 13.4 | 227 600 | 10.2 |
| Non-profit institutions | 185 500 | 10.9 | 199 300 | 10.0 |
| National economy total | 215 500 | 11.7 | 223 400 | 10.6 |
| Of which: | ||||
| fostered workers | 54 500 | 0.4 | x | x |