Wage gap narrows in Hungary

Budapest, May 22 (MTI) – In terms of the regional distribution of incomes in Hungary, the richest take home just over seven times the amount as the poorest — a better reading than the OECD average, Zoltan Csefalvay, the head of the OECD’s permanent representation, told Friday’s Napi Gazdasag.

Commenting on the latest data by the OECD, Csefalvay said Hungary measures 0.288 on the Gini co-efficient index, which is basically on the same level as Germany. This means that the income distribution across the regions is broadly the same in the two countries.

In the years following the financial and economic crisis, Hungary has pushed into the top third of the OECD average, based on its 2013 reading, he told the paper. The difference between the richest and the poorest 10 percent is only 7.2 times, while the OECD average is 9.6 times.

Within the Visegrad Group, in the Czech Republic and Slovakia the reading is slightly below Hungary’s while in Poland it is a little above.

Source: http://mtva.hu/hu/hungary-matters