The table illustrates people’s savings as a percentage of GDP in seven countries between 1990 and 2008.
Overall, China and Singapore had the largest proportion of GDP, which had an upward trend throughout the period, whereas the United States had the lowest share of GDP with opposite tendency. Additionally, steady growth was demonstrated by Germany and India, while Italy and South Korea had constant decreases during the whole period.
Turning to the proportion of GDP, the figure for China and Singapore increased constantly, starting from 35.6% and 43.6% in 1990 and stood at 53.2% and 48.3%, respectively. India followed a similar pattern, rising steadily from 23.0% to 33.6%. By contrast, Italy and South Korea declined over the period from 20.8% in 1990 to 18.2% in 2008 for Italy and from 37.7% to 31.9% for South Korea.
As for Germany, the share of GDP grew over the given period and made up 25.3% in 1990, after which the figure fell to 20.2% in 2000 and rose again to 26.0% in 2008. Notably, the United States had the lowest figure and downward trend throughout the period, starting at 15.3% in 1990 and bottoming out at 12.1 in 2008.
