The given table illustrates the percentage of GDP in seven countries, namely, China, Germany, India, Italy, Singapore, South Korea, and the United States, between 1990 and 2008.
Overall, both China and Singapore have led in GDP throughout the period. The majority of countries are increasing in GDP in the figure, only few of them declined gradually. Also, the United States is at the bottom among seven countries.
In 1990, savings as a percentage of GDP in China stood at 35.6, which was the second highest in the comparison of seven countries. Later on, the trend of China’s GDP gradually increased before skyrocketed to its peak at 53.2 and eventually surpassed Singapore by 2008. Similarly, Singapore rose steadily throughout the period, reaching to its peak at 48.3 by the end of 2008.
In stark contrast, United States’ GDP accounted for 15.3 percent in 1990, which was half as the GDP of China in the same year. Following that, it experienced a slight increase before a decline to the lowest point comprised 12.1 percent.