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Gross Savings (As % of GDP) in Hungary

Source: World Bank, IMF estimates (Oct 2020), Helgi Library
Last Updated: Feb 8, 2021

Gross savings as a share of GDP reached 27.8 % in 2019 in Hungary, according to the National Statistical Office. This is 2.11 % more than in the previous year.

Historically, gross savings as a share of GDP in Hungary reached an all time high of 27.8 % in 2019 and an all time low of 9.00 % in 1993. When compared to Hungary's main peers, gross savings as a share of GDP in Austria amounted to 28.0 %, 26.5 % in Czech Republic, 20.0 % in Poland and 20.4 % in Slovakia in 2019.

Hungary has been ranked 46th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 47 places above the position seen 10 years ago.

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

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