In February 2012 average gross wages increased by 6.9 percent in the national economy, while net wages excluding family tax benefits were higher by 3.7 percent in comparison to the corresponding period of the previous year, according to the communication of the Central Statistics Office published earlier this morning.

The average gross wage for the full-time employed in February 2012 was 216 600 HUF in the national economy and net wage was 140 000 HUF, which does not take into consideratio4 the favourable impact of family benefits which can be received for children. This means that after two years, in comparison to February 2010, gross wages and net wages increased by 23 000HUF and 12 000 HUF, respectively.

Source: Central Statistics Office

The average gross wage of a private sector employee after a year-on-year increase of 8.9 percent is currently 225 500 HUF, whereas the net wage after an increase of 5.4 percent is 145 6000 HUF. The gross average wage for a public sector employee after an increase of 2.1 percent is now 197 400 HUF.

Wages have still been the highest for those employed in the financial and insurance sectors, followed by information and communication, and the energy sectors. Wages have been the lowest in the hotel trade and catering sectors.

(Ministry for National Economy)