Gross Savings (As % of GNI) rose to 27.0% in Hungary in 2017

Gross Savings (As % of GNI) (%)
Economy | Hungary | May 17, 2019
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Gross savings as a percentage of GNI reached 27.0 % in 2017 in Hungary, according to the National Statistical Office. This is 0.493 % more than in the previous year.

Historically, gross savings as a percentage of GNI in Hungary reached an all time high of 27.0 % in 2017 and an all time low of 13.1 % in 1993. When compared to Hungary's main peers, gross savings as a percentage of GNI in Austria amounted to 27.5 %, 28.0 % in Czech Republic, 20.6 % in Poland and 22.6 % in Slovakia in 2017.

Hungary has been ranked 48th within the group of 148 countries we follow in terms of gross savings as a percentage of GNI, 62 places above the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GNI) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria % 26.0% 25.7% 25.4% 26.0% 25.9%
Czech Republic % 24.6% 25.7% 25.8% 27.2% 29.2%
Germany % 26.5% 25.7% 25.6% 26.6% 27.5%
Hungary % 22.4% 22.2% 25.5% 25.8% 26.4%
Italy % 17.5% 17.5% 18.0% 18.9% 18.8%
Poland % 18.0% 17.9% 18.4% 18.9% 20.6%
Russia % 30.2% 28.7% 25.5% 25.8% 27.4%
Slovakia % 20.0% 21.7% 22.5% 22.7% 22.5%
Switzerland % 34.7% 34.9% 34.2% 32.6% 34.4%
Ukraine % 16.1% 13.3% 8.88% 9.99% 16.3%