Hungary: manufacture of machinery personnel costs 2021

In 2021, the personnel costs of the machinery and equipment manufacturing industry in Hungary increased by 92.1 million euros (+9.36 percent) since 2020. In total, the personnel costs amounted to 1.1 billion euros in 2021.
According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.

Find more statistics on the machinery and equipment manufacturing industry in Hungary with key insights such as turnover and production value.

Personnel costs of the manufacture of machinery and equipment n.e.c. industry in Hungary from 2012 to 2021 (in million euros)

Characteristic	Annual personnel costs in million euros
2021	1,075.69
2020	983.6
2019	1,064.1
2018b	983.8
2017	1,101.1
2016	985.7
2015	938.1
2014	886.5
2013	868.1
2012	899.6

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Release date

March 2024

More information

Region

Hungary

Survey time period

2012 to 2021

Supplementary notes

b: Break in time series.
The source adds the following information: Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Data coverage corresponds to code C28 of CE Rev2.

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