A glance at the graph provided reveals how the proportion of savings, which was expressed a a percentage GDP, changed in seven countries (China, Germany, India, Italy, Singapore, South Korea, United States) in an 18-year-period from 1990 to 2008.
Overall, Singapore and China were the dominant countries in savings throughout the period, and , Germany, India also witnessed a considerable increase. Conversely, United States hit a nadir in total surveyed time, and there was a gradual decline in figure of the remaining ones.
As can be seen from the chart, Singapore took the lead at 43.6% in 1990, and then climb to 48.3% in the next 18 years, far overtaking other countries. This was followed by China, which ranked second with a slightly lower figure of 8% than that of Singapore in 1990, but then saw the most significant change to take place during this period, surpassing Singapore in 2008 with a near 20% surge. There was a slight similarity in the figure for Germany and India, at over 20% in 1990, but the India was then far higher than that in Germany, at 33.6% and 26% in 2008, respectively.
In stark contrast, it is noticeable that, United States hit an all-time low in the figure of savings, starting at more than 15% in 1990, then plummetd to just 12% in 2008, five times lower than that of China in the same year. There were also marginal decreases in Italy and South Korea. The former decreased by just over 2% toward the end of period from 20.8% in 1990, the latter, which was the second highest rate of savings country in 1990, but then lagged behind many countries at 31.9%.