Scorecard: Gross National Savings (% of GDP)

6 Responses to Scorecard: Gross National Savings (% of GDP)

1. David Smith says:

   January 21, 2010 at 1:56 am

   In the late 19th century, the savings of western Europe financed American investment. Europe was the developed country and America the developing country. Amazing to think that we have failed to generate substantial savings of our own on the basis of that investment, and still rely on foreign savings to finance American consumption. Amazing too that in an inversion of the normal situation, a lot of the savings on which we rely come from a developing country, China.
2. Steve L. says:

   January 13, 2010 at 4:05 am

   The good news is that this indicator will improve if our GDP tanks.
3. jck says:

   January 12, 2010 at 4:49 pm

   Agree with David. But not much evidence U.S. savings were used wisely. On a mark to market, the situation must be even worse than indicated by the negative net saving rate.
4. anon says:

   January 12, 2010 at 3:52 pm

   look out everyone, asia’s empty cities and malls are going to propel them to rule the world…or should i say, Rube the world.
5. David Merkel says:

   January 12, 2010 at 3:12 pm

   The harder question is how well the savings are used. Mercantilism forced a lot of national savings, as did Communism in Russia, China now, and Japan in the 1980s. Savings can be wasted if people with a profit motive don’t use the savings to a good end.
6. Marcus says:

   January 12, 2010 at 12:33 pm

   Even worse when looking at net savings (after depreciation).