The National Bank of Hungary has published its Savings Report showing that Hungarian households’ net financial savings moderated to 4.6 percent of GDP in 2025 but remained above regional and European Union averages, while net financial wealth continued to rise and reached 117 percent of GDP by year-end. The report says sustaining a consistently high level of savings is important for sustainable growth. Growth in households’ financial assets was driven by deposits, investment fund units and purchases of foreign assets, while government securities became less attractive. The central bank also notes that, as the forint strengthened, returns on forint-denominated assets generally outperformed the forint-equivalent returns on foreign currency assets with a similar risk profile, while real returns on euro- and US dollar-denominated assets were typically negative. In the report’s framing, the level and structure of household savings, and the distribution of financial wealth across households, are relevant to achieving the inflation target, maintaining financial system stability and supporting sustainable economic growth.
National Bank of Hungary 2026-04-29
National Bank of Hungary publishes Savings Report showing household net financial savings at 4.6 percent of GDP and wealth at 117 percent in 2025
The National Bank of Hungary’s Savings Report shows Hungarian households’ net financial savings moderated to 4.6 percent of GDP in 2025 but stayed above regional and EU averages, while net financial wealth rose to 117 percent of GDP. Growth in financial assets was driven by deposits, investment fund units and foreign assets, with government securities becoming less attractive, and forint-denominated assets generally outperforming foreign currency assets. The report stresses that household savings are important for achieving the inflation target, maintaining financial stability and supporting sustainable growth.