The data on wages and salaries according to the SNA concept in the first release Earnings, January 2017 were corrected at 5:15 p.m. on 20 March 2017 because of data processing error.
In January 2017, average gross earnings increased by 10% compared to the same period of the previous year. Among others, the rise in the minimum wage and the guaranteed minimum wage of 15% and 25%, respectively, as well as the salary adjustment in new areas of the public sector – affecting among others those working in health and cultural fields – had an impact on earnings growth. In the first month of the year, the rise of average net earnings was equal to that of average gross earnings. Full-time employees’ average gross nominal earnings according to the national concept amounted to HUF 273,800 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 525,000) and the lowest in human health and social work activities (HUF 171,900). A part of employees at budgetary institutions and non-profit organisations – about 94 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 8,700 at budgetary institutions and HUF 8,300 at non-profit institutions. Average net earnings – excluding family tax benefits – were HUF 182,100 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 189,900. Monthly average gross wages and salaries according to the SNA concept amounted to HUF 284,100. Within this indicator, the share of other wages and salaries was 3.6% on the average. Both gross earnings and net earnings grew by 10% over one year. Along with the 2.3% rise in consumer prices compared to the same period of the previous year, real earnings increased by 7.5%. Regular gross earnings (gross earnings without premiums and one-month bonus) increased more than average gross earnings, by 10.3% Wages and salaries according to the SNA concept were 9.7% higher than a year earlier. Average monthly earnings, January 2017Average gross earnings amounted to HUF 273 800
In January 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 286 500 9.1 287 600 9.0 Budgetary institutions 250 800 12.0 293 800 12.2 Non-profit institutions 237 200 9.3 260 600 9.7 National economy total 273 800 10.0 288 200 9.8 Of which: fostered workers 80 100 1.1 x x Net earnings Business sector 190 500 9.1 191 200 9.0 Budgetary institutions 166 800 12.0 195 300 12.2 Non-profit institutions 157 800 9.3 173 300 9.7 National economy total 182 100 10.0 191 600 9.8 Of which: fostered workers 53 300 1.1 x x
First release
Earnings, January 2017
Published on: 20 March 2017