Illustrated in the given table is the amount of savings (in percentage of gross domestic product) between 1990 and 2008 in seven nations.
In general, GDP of saved money in countries namely China, Germany, Singapore and India showed overall increments whereas others generally decreased in that period of time.
In 1990, Singapore’s savings had the highest proportion of GDP among the seven nations, constitute of 43.6%. Over time, the percentage had gradually rose to 48.3% in 2008. However, China had the highest percentage (accounted for 53.2% of the GDP) in 2008, with rapid growth of approximately 18 percent compared with 1990. Following was India, also showing significant growth in the period, finally reached 33.6% in 2008.
However, the rate of savings in United States dropped over the period, stood at 15.3% in 1990, peaked at 17.7% in 2000, and plunged by 5.6% in 2008. In addition, the proportion of savings in GDP in Italy and South Korea also dropped, made up only 18.2% and 31.9% in 2008, respectively.
