National Bank of Hungary publishes Savings Report showing household net financial wealth reached 114 percent of GDP and equity funds and inflation-indexed government securities generated the highest yields

The National Bank of Hungary published a Savings Report analysing Hungarian households’ financial savings, wealth and investment returns, finding that annual net financial savings and current financial wealth are higher relative to GDP than in other countries in the region. The report links household savings and the structure of financial assets to achieving the inflation target, safeguarding financial system stability and supporting sustainable growth. Household net financial wealth rose from 82 percent of GDP in 2012 to 114 percent of GDP by mid-2025, driven in roughly equal measure by average annual net financial savings of around 6 percent of GDP and the revaluation of financial assets. Over the past decade the stock of investment fund shares and government securities increased substantially, while purchases of foreign assets have become increasingly significant in recent years; microdata show the share of households with financial wealth rose from 50 percent in 2017 to 67 percent in 2023. On performance, equity funds and inflation-indexed government securities generated the highest overall yields since 2013 and delivered significant real yields, while cash, bank deposits, money market funds and bond funds did not retain their real value; the report argues for diversified portfolios and cautions that exchange rate risk does not generally imply higher expected yields, noting that forint investments outperformed comparable foreign-currency investments over the past year.