Hungarian households' net savings reach 5.3% of GDP in 2012

MNB

Households’ net lending capacity - the net financial savings ratio - reached HUF 1,512 billion in nominal terms or 5.3% of GDP in 2012, the National Bank of Hungary said in a first reading of financial account data on Monday. In the fourth quarter alone, Hungarian households were net lenders to the tune of HUF 528 billion or 6.8% of the GDP in the period. The annual savings ratio was the highest since 2000 when it reached 5.8%.

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