Average gross earnings amounted to HUF 249,400
In January 2016, average gross earnings increased by 5.8% compared to the same period of the previous year. The 5.7% rise of the minimum wage and the guaranteed minimum wage, as well as the salary increase of armed forces and the payment of an additional allowance for those working in the social field had an impact on earnings growth in January. Due to the 1% reduction in the rate of personal income tax, the rise of average net earnings was 7.4%, higher than that of average gross earnings.
In January 2016:
Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 249,400 at corporations employing at least 5 persons, budgetary and designated non-profit institutions.
Average gross earnings were the highest in information and communication (HUF 503,000) and the lowest in human health and social work activities (HUF 150,600).
A part of employees at budgetary institutions and non-profit organizations – about 123 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 9,300 at budgetary institutions and HUF 9,200 at non-profit institutions.
Average net earnings – excluding family tax benefits – were HUF 165,800 by national concept. In 2016, the rules of family tax benefits changed considerably – mainly 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 173,000.
Monthly average gross wages and salaries according to the SNA concept amounted to HUF 259,500. Within this indicator, the share of other wages and salaries was 3.9% on the average.
In January 2016, compared to the same period of the previous year:
Along with the 5.8% increase of gross earnings, net earnings grew by 7.4% due to changes in personal income tax rules.
Along with the 0.9 percentage point rise in consumer prices, real earnings increased by 6.4%.
Regular gross earnings (gross earnings without premiums and one-month bonus) increased by 0.4 percentage point less than average gross earnings.
Wages and salaries according to the SNA concept rose by 5.7%.
Average monthly earnings, January 2016
| Sector | Total | Without fostered workers | ||
|---|---|---|---|---|
| average gross earnings, HUF | change compared to the corresponding period of the previous year, % | average gross earnings, HUF | change compared to the corresponding period of the previous year, % | |
| Gross earnings | ||||
| Business sector | 263 300 | 5.2 | 264 500 | 5.2 |
| Budgetary institutions | 223 900 | 7.7 | 261 800 | 9.8 |
| Non-profit institutions | 216 600 | 0.5 | 236 800 | 2.5 |
| National economy total | 249 400 | 5.8 | 262 900 | 6.3 |
| Of which: | ||||
| fostered workers | 79 300 | –1.0 | x | x |
| Net earnings | ||||
| Business sector | 175 100 | 6.8 | 175 900 | 6.8 |
| Budgetary institutions | 148 900 | 9.3 | 174 100 | 11.5 |
| Non-profit institutions | 144 000 | 2.0 | 157 500 | 4.0 |
| National economy total | 165 800 | 7.4 | 174 900 | 8.0 |
| Of which: | ||||
| fostered workers | 52 700 | 0.5 | x | x |