EconomyFinance

Stats Office: Average Gross Wages In Hungary Rose By Annual 6,2 Percent Last Year

Average gross wages in Hungary amounted 260,800 forints in the period of January-November 2016, 6.2% more than the same period of the previous year, the Central Statistical Office (KSH) reported on Friday.

ksh
source: ksh.hu

In the period January-November 2016, gross and net wages averaged HUF 260 800 and HUF 173 500 (excluding family tax allowances), respectively. Including family tax allowances, the average net wage is estimated at HUF 180 600. Excluding the effect of public work wages, gross wages averaged, in January-November 2016, HUF 276 000 in the private sector, HUF 277 700 in the public sector and HUF 250 100 in the non-profit sector. Accordingly, wages rose by 7.5 percent and 7.9 percent, including and excluding public work wages, respectively.

Real wage growth, unadjusted for public work salaries, was outstanding in all three sectors: 6.8 percent in the private sector, 11 percent in the public sector and 7.3 percent in the non-profit sector.

via ksh.hu and kormany.hu