Masking our
Negative Personal Savings Rate
Negative 1% Personal
Savings rate for 3 years.
Ten trillion dollar loss
in Total Financial Assets in four years.
Four fold reduction in
percent of Public Debt owned by American households in seven years.
http://www.nationmaster.com/country-info/stats/Economy/Gross-domestic-savings/Current-US%24-per-capita
http://data.worldbank.org/indicator/NY.ADJ.ICTR.GN.ZS?cid=GPD_31?cid=GPD_31
Google
Public Data
OECD Calculation of Personal Saving
Gross Savings from Nationmaster
Net National Saving as Percent of GNI
The ultimate test for the success of an ecomy or a society is
how much money is in the bank, and the best way to compare it is net national
savings as a percent of GNI. By that measure one of the worst performing nations
is the U.S., which plunged from 11.2% in 1973 to a NEGATIVE (one of the only in
he world, and for the first time in our history) 2% in 2009, a 13.2% DECREASE.
Conversely one of the best performing is Russia, which at the time of the fall
of Communism in 1995 had a NEGATIVE 20%, but which under Putin increased an
UNPRECEDENTED 42.6% to a POSITIVE 22.6% during that same time. Even so-called
socialist Norway [as well as Denmark, Sweden, and Finland ] never had a negative
rate, and as of this writing their savings rate is 6 times higher than ours,
while both Qatar and Macao have a 50% rate, 3 times higher than Norway.
Net National Saving
National Saving Percent GNI
Savings as Percent of GDP
Gross Capital Formation
GNI Per Capita PPP
GNI per Capita Atlas Method
Norway vs. US
Definition of Personal Saving Rate
Total Gross Saving is defined as Net Private Saving, plus Net
Government Saving, plus Consumption of Fixed Capital.
Net Private Saving is defined as Personal Saving, plus Undistributed Corporate
Profits, plus Wage Accruals Less Disbursements.
Net Government Saving is defined as Federal Saving, plus State and Local Saving.
Consumption of Fixed Capital is defined as Private Consumption of Fixed Capital,
plus Government Consumption of Fixed Capital.
So Personal Saving is a subset of Gross Saving which has ranged from 28.2% of
Total Gross Saving in 1964 to 34.7% as late as 2009.
https://www.whitehouse.gov/sites/default/files/docs/erp2013/ERP2013_Appendix_B.pdf
What's even worse than a NEGATIVE Personal Savings rate (and we are the only
industrialized nation with that problem) is to finally achieve a positive (but
VERY small) Personal Savings Rate, only to have obamanation wipe it out
completely, PLUS SOME.
In 2007, before obamanation, OUR $2,048 billion gross savings was made up of net
savings of $280 billion and $1,768 billion of Consumption of Fixed Capital. Our
$289 billion in Net Saving consisted of private saving of $513 billion plus a
NEGATIVE $233 billion in government "saving". Net private saving consisted of
$248.7 billion of Private Saving, $270.7 billion of undistributed corporate
profits, and -$6.3 billion of wage accruals less disbursements.
So even though we did have $489.4 billion in Personal Savings in 2011, that,
plus $750.7 billion in undistributed corporate profits, left us with a NEGATIVE
Net Saving of -$99.3 BILLION.
Complicated enough of course.
But also BAD ENOUGH.
IMMEDIATELY in 2008, our NEGATIVE $233 billion in federal government "savings"
almost TRIPLED, TO $613.5 billion, and then DOUBLED AGAIN to $1,299 billion in
2009, then to $1,308 billion in 2010, to $1,237 billion in 2011, to $1,239
billion in 2012--WITH ALL FIGURES SINCE THEN STILL A MYSTERY.
Or download here
How Can a USC and Cal Berkley Alumnus not Know what a "Personal
Saving Rate" Is?
jetmagnet > IntelligenceisAVirtue •
It's called a recovery. Do you think you can have a recovery without spending?
Try it.
Don Wadd > jetmagnet
Were you born stupid or learn as you went along?
jetmagnet > Don Wadd •
No, i have a degree in economics from Cal Berkley and a masters in Business form
USC.
What's your education.
Chr1st1an > jetmagnet
Tell us, jetmagnet, how does Personal Savings fit into your bs degree?
Remember that we have a NEGATIVE RATE while Japan's is a PLUS 36% and China's is
a PLUS 51%
jetmagnet > Chr1st1an
Personal savings for what? Your future retirement?
How many billionaires does japan have compared to the untied states? What's
Japan's GDP compared to the United states? What's the average income per capita
verses the United States?
What is the Yen worth vs the Dollar? Do you trade Forex?
Trade deficits with Japan and china has nothing to do with anything, overall. We
have many trading partners.
Chr1st1an > jetmagnet
None of which answer the question.
jetmagnet > Chr1st1an
And what is the answer, sir????????????
jetmagnet > Chr1st1an
Yes, and this means what sir? Are you speaking of tax Havens?
Chr1st1an > jetmagnet
Permit me to restate the question:
"In the pursuit of your bs degrees, what were you taught about the importance
of Personal Savings, how we became the only industrialized nation with a
negative one, and what is our long term prognosis when our eternal enemy now has
a population almost five times ours, ALL of whom have been forced by the nasty
Chinese Communist government to suffer with a 52% Personal Savings Rate."
First of all country is spelled "country". Personal savings?
My money is in my corporate assets and liquidity.
Are you a moron? as you tslk in riddles. Who has a negative rate
sir? You? Who the Fuck is "WE" sir? And what is your solution to
this problem? LMAO
Ps here's a suggestion to you. My guess is your living off SS
and maybe a retirement package. Move to Panama or Costa rica,
where the tax rate is lower, Everything is lower, and learn to
speak spanish.
Congratulations--that entire post was 100% fact free.
To set the record straight, we have property in
Panama where my wife grew up, so I don't need to learn
Spanish. We don't live there because the taxes are lower
or it's a tax haven, it's because it's relatively
liberal-free. If the amount of money that I and my
employers put into "social security" had instead been
put into our Japanese Postal Savings Account it would
now be worth $1.5 million--but now the vast majority
goes to illegal alien criminals who never worked and
aren't retired.
Who is "we"?
The following might do, but if you'd prefer the
historical record of our negative savings rate from the
BEA, let me know.
http://www.wsj.com/articles/sa...
"Adults under age 35—the so-called millennial
generation—currently have a savings rate of negative 2%,
meaning they are burning through their assets or going
into debt, according to Moody’s Analytics. That compares
with a positive savings rate of about 3% for those age
35 to 44, 6% for those 45 to 54, and 13% for those 55
and older.
The turnabout in savings tendencies shows how the
personal finances of millennials have become
increasingly precarious despite five years of economic
growth and sustained job creation. A lack of savings
increases the vulnerability of young workers in the
postrecession economy, leaving many without a financial
cushion for unexpected expenses, raising the difficulty
of job transitions and leaving them further away from
goals like eventual homeownership—let alone retirement."
You are the grandest prevaricator on the planet.
Twelve divergent replies now, and not a single answer
to the question?
How can it be explained!
HOW CAN IT BE POSSIBLE THAT YOU NEVER LEARNED FROM
CAL BERKELY NOR USC WHAT PERSONAL SAVING IS?
You need to get your money back. They taught you
NOTHING.
See
here:
Table No. 646 of the 2002 US Statistical
Abstract (USSA) reported that Personal Savings in 2000 was a negative $8.5
billion, or -0.1% of GDP, and Table No. 711 reported that the Statistical
Discrepancy was $83.7 billion
http://www.census.gov/prod/2002pubs/01statab/income.pdf . The Bureau
of Econonic Analysis reported that our Personal Savings rate in
1999 was a
negative 1.5%.
But Table No. 640 of the 2002 USSA reported that we had a
positive Personal Savings of $160.9 billion in 1999 and $67.7 billion in 2000 ,
while the Statistical Discrepancy in 2000 suddenly increased by 56% or $46.7
billion to $130.4 billion. Where did this additional $76.2 billion in
Personal Savings in 2000 (a figure which represents 58% of the Statistical
Discrepancy) suddenly appear from?
If it all came from the Statistical Discrepancy, then
adjusting for it would adjust 1999 Personal Savings downward by $72.7 billion to
only $88.2 billion, and 2000 Personal Savings downward by $130.4 billion to a
negative $62.7 billion, or -1% of GDP.
Since this Statistical Discrepancy was only $1.1 billion
in 1989, a 118 fold increase in only 11 years is indicative of a serious
problem. This is nothing less than a creative accounting method for
concealing our record low, and negative, Personal Savings rate--unless
government become so incompetent that it's error rate increased 118 fold.
In addition, Table No. 1143 of the 2002 USSA reports that
Total Financial Assets of American households decreased between 1999 and 2001 by
almost $3 trillion, from $35 trillion to $32 trillion. Since that time,
the DJIA plunged 50% and the Nasdaq plunged
76%, wiping out another $7.2 trillion, reducing Total Financial Assets to $24.9
trillion, a $10.1 trillion or 29% loss in less than four years.
During this same time, assets in Japanese
households, which own as much as
90% of our $7 trillion
public debt,
increased by that much. Where American households held only $998 billion
or 19% of the $5.2 trillion public debt in 1996, by 2001 they owned only $539
billion or 9% of the $5,807 billion public debt, a 50% decrease in ownership of
American assets by US citizens. If this trend contined to this day,
something that seems very likely, they now own only $355 billion or 5% of our $7
trillion public debt.
Are all of our Personal Savings represented by our
"investments" in real estate? Nope. "The
housing bubble, represented by $12.04 trillion in homeowner home real estate
valuation, and $10.757 trillion in original home mortgage and secondary housing
market paper, is the biggest such bubble in history. It has more than doubled
its size since 1995." But that's only a small part of the picture.
According to the latest
Census Bureau reports, the median net worth of the 65 million home owners in
2000 was $55,000, which should be $3.6 trillion, whereas this report puts
homeowner equity at only $1.3 trillion. This suggests that a mere 11%
decrease in real estate values would completely and instantly eliminate the
entire homeowner equty of all American homeowners, or even put them in debt that
they could never repay at current income levels.
US Personal Savings Rate in 1999 is a negative 1-2%.
http://www.bea.doc.gov/bea/dn/pitbl.htm
Table 2.--Disposition of Personal Income
[Billions of dollars]
--------------------------------------------------------------------------------------------------------------------------
Seasonally adjusted at annual rates
------------------------------------------------------
1997 1998 Mar. 99 Apr. 99r May 99r June 99r July 99r Aug. 99p
--------------------------------------------------------------------------------------------------------------------------
Personal income....................... 6,784.0 7,126.1 7,374.9 7,406.6 7,430.3 7,486.0 7,502.8 7,541.9
Less: Personal tax and nontax
payments........................... 989.0 1,098.3 1,146.1 1,152.5 1,162.9 1,171.9 1,180.2 1,173.1
Equals: Disposable personal income... 5,795.1 6,027.9 6,228.7 6,254.1 6,267.5 6,314.1 6,322.6 6,368.8
Less: Personal outlays............... 5,674.1 6,000.2 6,289.5 6,331.1 6,362.5 6,382.3 6,405.7 6,461.8
Personal consumption expenditures... 5,493.7 5,807.9 6,090.1 6,129.3 6,159.2 6,176.6 6,198.6 6,253.0
Interest paid by persons............ 161.5 172.4 179.2 180.4 182.0 184.4 185.8 187.5
Personal transfer payments to the
rest of the world (net)........... 18.9 19.9 20.2 21.3 21.3 21.3 21.3 21.3Equals: Personal saving.............. 121.0 27.7 -60.7 -77.0 -95.0 -68.2 -83.1 -93.0
Addenda:
Disposable personal income:
Chained (1992) dollars 1/........... 5,183.1 5,348.5 5,487.3 5,476.8 5,493.2 5,539.3 5,532.9 5,560.3
Per capita:
Current dollars................... 21,633 22,304 22,881 22,956 22,987 23,138 23,148 23,295
Chained (1992) dollars............ 19,349 19,790 20,158 20,103 20,147 20,299 20,257 20,337
Population (thousands).............. 267,880 270,257 272,219 272,434 272,654 272,892 273,142 273,401Personal saving as a percentage of
disposable personal income ......... 2.1 0.5 -1.0 -1.2 -1.5 -1.1 -1.3 -1.5
Detailed
analysis
Bureau of Economic Analysis
|
Personal Saving Rate
|
Monthly and annual personal saving as a percentage of disposable personal
income
===============================================================================================
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ANN.
1959: 8.3 7.7 7.5 8.4 7.9 7.9 7.9 6.8 5.9 6.6 7.3 8.3 7.6
1960: 8.3 7.8 6.6 5.5 7.5 7.6 7.4 7.4 7.1 7.0 6.9 7.5 7.2
1961: 8.1 8.2 7.4 7.5 7.7 8.5 9.1 8.8 8.4 8.8 8.8 8.7 8.3
1962: 8.2 8.7 8.6 8.7 8.1 8.7 8.8 8.6 7.6 8.3 7.5 7.3 8.3
1963: 7.9 7.7 7.6 7.6 7.9 7.6 7.2 7.2 8.1 8.7 8.2 7.8 7.8
1964: 7.9 7.5 9.3 9.5 8.7 8.6 8.3 8.3 9.0 8.5 9.8 9.7 8.8
1965: 9.2 7.7 7.7 7.2 8.3 9.1 9.0 8.8 9.8 8.1 8.8 8.9 8.6
1966: 8.4 8.1 7.6 7.3 8.2 8.4 8.0 8.4 8.1 8.8 9.0 8.7 8.3
1967: 9.2 9.6 9.9 8.9 9.1 8.9 9.7 9.7 8.9 9.7 9.6 9.3 9.4
1968: 8.9 9.4 8.8 9.5 9.2 8.8 7.8 7.6 7.6 7.8 7.6 8.1 8.4
1969: 7.2 6.5 7.1 6.6 7.0 7.9 8.7 8.4 8.5 8.3 8.5 8.6 7.8
1970: 8.3 8.1 8.8 10.4 9.3 8.7 10.0 10.0 9.7 9.8 10.2 9.7 9.4
1971: 10.0 9.8 10.1 9.8 10.2 11.3 10.3 10.3 9.6 9.6 9.4 9.5 10.0
1972: 9.1 9.4 8.2 8.2 8.5 7.3 8.3 8.7 8.8 9.4 10.0 10.2 8.9
1973: 9.1 9.4 9.7 10.0 10.2 10.6 10.2 11.0 10.2 11.5 11.5 12.0 10.5
1974: 11.6 11.4 10.7 10.2 10.1 10.3 10.6 9.5 10.3 10.8 11.2 11.3 10.7
1975: 10.4 9.5 9.7 11.3 14.6 11.4 9.7 10.1 10.2 10.7 10.0 9.3 10.6
1976: 9.2 9.9 9.8 9.4 10.1 9.2 9.6 9.6 9.3 8.9 9.3 8.5 9.4
1977: 8.9 7.6 8.8 8.5 8.3 8.7 8.6 9.0 9.2 8.9 9.1 9.2 8.7
1978: 9.9 9.1 9.1 9.0 8.6 8.2 9.2 8.7 9.0 9.2 9.1 9.0 9.0
1979: 9.5 9.3 9.5 9.4 9.2 8.9 9.6 8.7 8.3 9.0 9.1 9.5 9.2
1980: 9.6 9.9 10.0 10.4 10.3 10.0 10.0 9.9 10.3 10.2 10.8 10.8 10.2
1981: 10.5 10.3 10.1 9.8 9.9 9.7 11.3 11.1 11.4 12.1 12.2 11.4 10.8
1982: 11.5 11.0 11.2 11.9 11.4 11.2 11.5 11.4 10.5 10.1 9.7 9.5 10.9
1983: 9.7 9.8 9.2 8.7 8.5 7.8 8.6 8.2 8.8 8.7 9.1 8.8 8.8
1984: 8.7 10.6 10.5 10.6 10.3 10.3 11.1 11.5 11.5 11.0 10.3 10.9 10.6
1985: 10.4 9.2 8.8 10.1 11.1 9.6 9.1 8.3 7.1 9.1 8.7 8.4 9.2
1986: 8.4 9.1 9.7 9.2 8.8 8.9 8.6 8.3 6.4 7.5 7.7 6.0 8.2
1987: 8.8 7.8 7.9 3.7 7.5 7.1 7.0 6.7 7.2 7.8 8.0 8.1 7.3
1988: 7.5 8.0 7.6 8.0 7.6 7.7 7.9 7.7 8.1 7.7 7.7 7.9 7.8
1989: 8.0 8.3 8.7 7.8 7.5 7.7 7.5 6.7 6.8 6.9 7.5 6.9 7.5
1990: 7.3 8.1 7.8 8.1 7.9 7.8 8.0 7.5 7.6 7.5 7.6 8.2 7.8
1991: 8.7 8.4 7.7 8.2 8.0 8.5 8.0 8.2 8.4 8.5 8.2 8.9 8.3
1992: 8.5 8.9 8.8 9.0 8.9 8.8 8.5 8.7 7.9 8.1 8.0 10.2 8.7
1993: 7.1 6.9 7.2 7.7 7.8 7.2 6.7 6.9 6.5 6.3 6.3 8.7 7.1
1994: 5.5 5.3 5.6 5.5 6.8 6.3 6.4 6.0 6.3 6.6 6.3 6.6 6.1
1995: 6.4 6.7 6.3 5.5 5.6 5.1 5.6 4.8 5.3 5.6 5.2 4.8 5.6
1996: 5.1 5.0 5.1 3.7 4.6 5.2 5.0 4.9 5.1 4.6 4.7 4.6 4.8
1997: 4.3 4.5 4.7 5.0 5.1 4.8 4.1 4.3 4.4 4.4 4.4 4.4 4.5
1998: 4.2 4.0 4.0 3.9 3.3 3.3 3.6 3.5 3.5 3.4 4.1 3.2 3.7
1999: 3.4 3.1 2.6 2.6 2.4 2.6 2.4 2.3 1.6 2.4 1.9 1.0 2.3
2000: 1.4
BEA
spreadsheets
![personalsavings.gif (27889 bytes)]()
http://web.archive.org/web/20010606123004/http://www.asiaweek.com/asiaweek/magazine/2000/1020/bottomline.html
The following is from Asia Week:
http://www.cnn.com/ASIANOW/asiaweek/magazine/2000/1020/bottomline.html
|
Country |
Exports
12 months |
GDP
Growth |
Per-cap.
GDP
(PPP) |
Per-cap. GNP
(nominal) |
Pop
(m) |
Pop
Growth |
Inflation
(CPI) |
Curr. A/C
Balance |
Reserves
excl. gold |
Savings
% of GDP |
People
per tel |
Life
Expectancy |
People
per Dr |
Infant
Mortality |
| Taiwan
|
-0.3%
|
6.3%
|
$15,370
|
$13,130
|
21.8
|
1.0%
|
$122b.
|
$9.9b.
|
$87.8b.
|
25%
|
2.1
|
75
|
903
|
4
|
| Saudi
Arabia |
0.3%
|
2.4%
|
$12,265
|
$7,150
|
19.6
|
4.3%
|
$56.7b.
|
$0.2b.
|
$7.0b.
|
30%
|
8.5
|
70
|
698
|
29
|
| Switzerland
|
0.4%
|
0.2%
|
$26,315
|
$37,050
|
7.1
|
0.6%
|
$97.1b.
|
$19.8b.
|
$34.2b.
|
27%
|
1.1
|
78
|
585
|
6
|
| France
|
1.0%
|
2.3%
|
$21,860
|
$24,040
|
58.7
|
0.6%
|
$274b.
|
$32.0b.
|
$28.9b.
|
21%
|
1.5
|
77
|
320
|
6
|
| New Zealand
|
1.1%
|
2.4%
|
$18,250
|
$17,010
|
3.7
|
1.0%
|
$14.2b.
|
-$4.2b.
|
$4.1b.
|
26%
|
1.4
|
77
|
321
|
7
|
| Italy
|
1.4%
|
1.9%
|
$20,545
|
$19,480
|
57.5
|
0.2%
|
$251b.
|
$40.1b.
|
$51.1b.
|
22%
|
1.9
|
78
|
195
|
7
|
| Canada
|
1.6%
|
3.7%
|
$21,800
|
$18,900
|
30.3
|
1.3%
|
$210b.
|
-$2.2b.
|
$22.3b.
|
21%
|
1.3
|
78
|
446
|
6
|
| China
|
1.8%
|
8.0%
|
$3,240
|
$655
|
1,232.1
|
1.2%
|
$151b.
|
$7.2b.
|
$134.0b.
|
40%
|
22.4
|
71
|
1,034
|
31
|
| Germany
|
1.9%
|
2.9%
|
$20,864
|
$25,860
|
82.6
|
0.7%
|
$521b.
|
-$9.8b.
|
$77.3b.
|
23%
|
1.8
|
76
|
333
|
6
|
| U.S.
|
2.2%
|
3.5%
|
$28,515
|
$28,480
|
269.2
|
1.0%
|
$639b.
|
-$158.7b.
|
$55.6b.
|
15%
|
1.3
|
77
|
387
|
8
|
| Malaysia
|
2.3%
|
8.4%
|
$9,835
|
$4,466
|
21.7
|
2.4%
|
$78.2b.
|
-$5.2b.
|
$21.1b.
|
41%
|
5.5
|
72
|
2,063
|
11
|
| Singapore
|
2.3%
|
7.8%
|
$24,610
|
$30,500
|
3.1
|
2.0%
|
$125b.
|
$14.2b.
|
$80.4b.
|
51%
|
2.0
|
77
|
667
|
4
|
| Japan
|
2.4%
|
-0.3%
|
$23,440
|
$33,090
|
126.1
|
0.3%
|
$411b.
|
$78.8b.
|
$224.4b.
|
31%
|
1.5
|
80
|
545
|
4
|
| Fiji
|
2.8%
|
4.4%
|
$5,590
|
$2,535
|
0.8
|
1.5%
|
$0.7b.
|
$0.01b.
|
$0.4b.
|
13%
|
8.9
|
72
|
2,080
|
20
|
| Brunei
|
3.2%
|
3.0%
|
$18,900
|
$20,400
|
0.3
|
3.2%
|
$2.3b.
|
$0.8b.
|
$30.0b.
|
35%
|
3.8
|
75
|
1,133
|
8
|
Country |
Exports
12 months |
GDP
Growth |
Per-cap.
GDP
(PPP) |
Per-cap. GNP
(nominal) |
Pop
(m) |
Pop
Growth |
Inflation
(CPI) |
Curr. A/C
Balance |
Reserves
excl. gold |
Savings
% of GDP |
People
per tel |
Life
Expectancy |
People
per Dr |
Infant
Mortality |
| Maldives
|
3.5%
|
6.5%
|
$2,485
|
$900
|
0.3
|
3.0%
|
$0.1b.
|
$0.01b.
|
$0.1b.
|
11%
|
15.5
|
64
|
5,330
|
55
|
| Vietnam
|
3.6%
|
9.5%
|
$1,310
|
$270
|
76.9
|
2.3%
|
$8.0b.
|
-$2.9b.
|
$0.6b.
|
16%
|
63.4
|
67
|
2,298
|
34
|
| Britain
|
3.7%
|
3.5%
|
$20,170
|
$20,860
|
58.6
|
0.3%
|
$260b.
|
$3.6b.
|
$35.2b.
|
15%
|
1.9
|
76
|
581
|
6
|
| Egypt
|
4.0%
|
5.1%
|
$3,965
|
$1,140
|
61.1
|
2.2%
|
$4.7b.
|
-$0.2b.
|
$18.4b.
|
7%
|
20.8
|
64
|
1,316
|
40
|
| Macau
|
4.2%
|
3.9%
|
$16,840
|
$17,475
|
0.5
|
3.8%
|
$2.0b.
|
$1.9b.
|
$2.0b.
|
28%
|
2.5
|
73
|
758
|
6
|
| South Korea
|
4.2%
|
6.3%
|
$12,390
|
$10,730
|
45.9
|
0.9%
|
$135b.
|
-$18.6b.
|
$30.4b.
|
37%
|
2.1
|
72
|
855
|
8
|
| Brazil
|
4.3%
|
5.0%
|
$5,675
|
$4,755
|
162.8
|
1.9%
|
$51.1b.
|
-$33.5b.
|
$62.3b.
|
21%
|
10.0
|
67
|
847
|
50
|
| Hong Kong
|
5.3%
|
6.4%
|
$24,085
|
$24,455
|
6.5
|
2.1%
|
$182b.
|
$2.1b.
|
$88.1b.
|
35%
|
1.5
|
79
|
772
|
4
|
| P. N.
Guinea |
5.3%
|
2.3%
|
$2,470
|
$1,249
|
4.3
|
2.3%
|
$2.4b.
|
$0.2b.
|
$0.6b.
|
28%
|
49.0
|
57
|
12,500
|
53
|
| Philippines
|
5.7%
|
5.7%
|
$3,020
|
$1,265
|
71.8
|
2.3%
|
$23.5b.
|
-$3.5b.
|
$10.3b.
|
16%
|
38.6
|
67
|
1,016
|
40
|
| Bangladesh
|
6.1%
|
4.7%
|
$1,450
|
$283
|
125.8
|
2.2%
|
$3.8b.
|
-$1.0b.
|
$1.6b.
|
8%
|
380.0
|
57
|
12,500
|
85
|
| Laos
|
6.2%
|
6.9%
|
$1,670
|
$370
|
5.0
|
2.9%
|
$0.3b.
|
-$0.3b.
|
$0.2b.
|
4%
|
181.5
|
52
|
4,381
|
91
|
| India
|
6.6%
|
6.8%
|
$1,500
|
$360
|
953.7
|
2.1%
|
$35.9b.
|
-$5.1b.
|
$26.8b.
|
28%
|
77.6
|
61
|
2,165
|
75
|
| Indonesia
|
7.0%
|
7.8%
|
$4,140
|
$1,086
|
200.0
|
1.6%
|
$52.8b.
|
-$8.9b.
|
$19.3b.
|
37%
|
47.7
|
63
|
6,786
|
50
|
| Sri Lanka
|
7.2%
|
3.8%
|
$3,415
|
$760
|
18.5
|
1.2%
|
$4.3b.
|
-$0.7b.
|
$2.1b.
|
16%
|
72.9
|
72
|
5,888
|
14
|
Country |
Exports
12 months |
GDP
Growth |
Per-cap.
GDP
(PPP) |
Per-cap. GNP
(nominal) |
Pop
(m) |
Pop
Growth |
Inflation
(CPI) |
Curr. A/C
Balance |
Reserves
excl. gold |
Savings
% of GDP |
People
per tel |
Life
Expectancy |
People
per Dr |
Infant
Mortality |
| Thailand
|
7.2%
|
6.4%
|
$8,165
|
$2,970
|
61.4
|
1.5%
|
$56.9b.
|
-$11.5b.
|
$28.4b.
|
36%
|
13.5
|
69
|
4,361
|
26
|
| South
Africa |
8.7%
|
2.3%
|
$4,065
|
$2,928
|
43.1
|
2.2%
|
$30.8b.
|
-$1.2b.
|
$4.8b.
|
19%
|
6.9
|
64
|
1,750
|
51
|
| Bhutan
|
9.0%
|
6.4%
|
$1,475
|
$420
|
0.7
|
2.3%
|
$0.1b.
|
-$0.05b.
|
$0.2b.
|
36%
|
115.2
|
52
|
4,255
|
122
|
| Nepal
|
9.1%
|
6.1%
|
$1,165
|
$210
|
22.1
|
2.3%
|
$0.4b.
|
-$0.3b.
|
$0.6b.
|
11%
|
174.0
|
55
|
12,612
|
81
|
| Pakistan
|
12.5%
|
3.1%
|
$2,340
|
$465
|
137.4
|
2.9%
|
$8.6b.
|
-$4.2b.
|
$1.2b.
|
12%
|
56.1
|
62
|
2,000
|
88
|
| Russia
|
12.9%
|
0.2%
|
$4,355
|
$2,965
|
149.8
|
0.4%
|
$88.7b.
|
$11.1b.
|
$20.4b.
|
32%
|
5.9
|
68
|
220
|
20
|
| Afghanistan
|
14.0%
|
6.0%
|
$720
|
$150
|
21.2
|
1.9%
|
$0.2b.
|
-$0.1b.
|
$0.2b.
|
10%
|
390.0
|
45
|
7,358
|
164
|
| Cambodia
|
14.9%
|
6.0%
|
$1,266
|
$270
|
10.3
|
2.5%
|
$0.6b.
|
-$0.3b.
|
$0.3b.
|
6%
|
1,212.0
|
53
|
9,523
|
110
|
| Kenya
|
18.0%
|
4.6%
|
$1,377
|
$293
|
30.3
|
3.4%
|
$1.9b.
|
-$0.4b.
|
$0.7b.
|
21%
|
62.7
|
59
|
9,851
|
50
|
| Iran
|
18.1%
|
4.2%
|
$5,570
|
$2,320
|
62.9
|
3.4%
|
$18.3b.
|
$3.2b.
|
$5.0b.
|
30%
|
13.2
|
68
|
3,140
|
35
|
| Mexico
|
18.9%
|
8.8%
|
$6,780
|
$3,600
|
93.9
|
1.9%
|
$104b.
|
-$4.0b.
|
$25.8b.
|
19%
|
7.6
|
71
|
578
|
26
|
| Nigeria
|
22.2%
|
2.1%
|
$1,480
|
$340
|
104.4
|
2.9%
|
$13.5b.
|
-$1.9b.
|
$4.1b.
|
20%
|
260.5
|
53
|
5,882
|
84
|
| Myanmar
|
25.7%
|
6.0%
|
$753
|
$765
|
48.3
|
2.1%
|
$1.0b.
|
-$0.3b.
|
$0.2b.
|
11%
|
265.5
|
59
|
12,500
|
79
|
| Mongolia
|
57.5%
|
2.6%
|
$2,185
|
$335
|
2.5
|
2.7%
|
$0.4b.
|
-$0.06b.
|
$0.1b.
|
14%
|
26.7
|
64
|
364
|
57
|
| Turkey
|
89.9%
|
6.7%
|
$6,020
|
$2,800
|
64.0
|
2.1%
|
$32.3b.
|
-$5.0b.
|
$17.8b.
|
20%
|
4.6
|
67
|
955
|
62
|
These figures are the latest available from national and multilateral sources
(telephone data from Int. Telecom. Union). Population growth is the percentage
increase in one year and includes births, deaths, emigration and immigration.
Though standards may differ, literacy generally means the ability to read and
write a short, simple statement about everyday life. Literacy rates refer to the
population over fifteen years of age (ten for Singapore). Gross Domestic Product
(GDP) is the value of all goods and services produced in one year.
Purchasing-Power Parity (PPP) takes into account price differences between
countries to provide a more accurate picture of national wealth. GDP growth is
adjusted for inflation. Gross National Product (GNP) is GDP plus payments from
abroad from investments, labor and minus similar payments to foreigners.
Per-capita GNP is converted to U.S. dollars using average exchange rates. Net
creditor.
![horizontal rule]()
The following page was removed from the
Bureau of Economic Analysis web site on June 4, 2001 and does not appear
anywhere else on the public government web sites.
This copy was retrieved from
http://web.archive.org/web/20010604202816/http://www.bea.doc.gov/bea/dn/saverate.htm
on October 13, 2002
![horizontal rule]()
| |
Bureau of
Economic Analysis
|
Personal
Saving Rate
|
![horizontal rule]()
Annual personal saving as percentage of disposable personal income
===============================================================================================
1929-33 : 4.7 4.3 4.0 -0.8 -1.5
1934-38 : 1.2 4.4 6.4 6.2 2.2
1939-43 : 4.7 5.9 12.4 24.4 25.8
1944-48 : 26.3 20.6 10.1 4.7 7.3
1949-53 : 5.2 7.2 8.5 8.5 8.2
1954-58 : 7.5 6.9 8.4 8.4 8.5
1959-63 : 7.6 7.2 8.3 8.3 7.8
1964-68 : 8.8 8.6 8.3 9.4 8.4
1969-73 : 7.8 9.4 10.0 8.9 10.5
1974-78 : 10.7 10.6 9.4 8.7 9.0
1979-83 : 9.2 10.2 10.8 10.9 8.8
1984-88 : 10.6 9.2 8.2 7.3 7.8
1989-93 : 7.5 7.8 8.3 8.7 7.1
1994-98 : 6.1 5.6 4.8 4.2 4.2
1999-00 : 2.2 -0.1
![horizontal rule]()
Monthly and annual personal saving as a percentage of disposable personal
income
===============================================================================================
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ANN.
1959: 8.3 7.7 7.5 8.4 7.9 7.9 7.9 6.8 5.9 6.6 7.3 8.3 7.6
1960: 8.3 7.8 6.6 5.5 7.5 7.6 7.4 7.4 7.1 7.0 6.9 7.5 7.2
1961: 8.1 8.2 7.4 7.5 7.7 8.5 9.1 8.8 8.4 8.8 8.8 8.7 8.3
1962: 8.2 8.7 8.6 8.7 8.1 8.7 8.8 8.6 7.6 8.3 7.5 7.3 8.3
1963: 7.9 7.7 7.6 7.6 7.9 7.6 7.2 7.2 8.1 8.7 8.2 7.8 7.8
1964: 7.9 7.5 9.3 9.5 8.7 8.6 8.3 8.3 9.0 8.5 9.8 9.7 8.8
1965: 9.2 7.7 7.7 7.2 8.3 9.1 9.0 8.8 9.8 8.1 8.8 8.9 8.6
1966: 8.4 8.1 7.6 7.3 8.2 8.4 8.0 8.4 8.1 8.8 9.0 8.7 8.3
1967: 9.2 9.6 9.9 8.9 9.1 8.9 9.7 9.7 8.9 9.7 9.6 9.3 9.4
1968: 8.9 9.4 8.8 9.5 9.2 8.8 7.8 7.6 7.6 7.8 7.6 8.1 8.4
1969: 7.2 6.5 7.1 6.6 7.0 7.9 8.7 8.4 8.5 8.3 8.5 8.6 7.8
1970: 8.3 8.1 8.8 10.4 9.3 8.7 10.0 10.0 9.7 9.8 10.2 9.7 9.4
1971: 10.0 9.8 10.1 9.8 10.2 11.3 10.3 10.3 9.6 9.6 9.4 9.5 10.0
1972: 9.1 9.4 8.2 8.2 8.5 7.3 8.3 8.7 8.8 9.4 10.0 10.2 8.9
1973: 9.1 9.4 9.7 10.0 10.2 10.6 10.2 11.0 10.2 11.5 11.5 12.0 10.5
1974: 11.6 11.4 10.7 10.2 10.1 10.3 10.6 9.5 10.3 10.8 11.2 11.3 10.7
1975: 10.4 9.5 9.7 11.3 14.6 11.4 9.7 10.1 10.2 10.7 10.0 9.3 10.6
1976: 9.2 9.9 9.8 9.4 10.1 9.2 9.6 9.6 9.3 8.9 9.3 8.5 9.4
1977: 8.9 7.6 8.8 8.5 8.3 8.7 8.6 9.0 9.2 8.9 9.1 9.2 8.7
1978: 9.9 9.1 9.1 9.0 8.6 8.2 9.2 8.7 9.0 9.2 9.1 9.0 9.0
1979: 9.5 9.3 9.5 9.4 9.2 8.9 9.6 8.7 8.3 9.0 9.1 9.5 9.2
1980: 9.6 9.9 10.0 10.4 10.3 10.0 10.0 9.9 10.3 10.2 10.8 10.8 10.2
1981: 10.5 10.3 10.1 9.8 9.9 9.7 11.3 11.1 11.4 12.1 12.2 11.4 10.8
1982: 11.5 11.0 11.2 11.9 11.4 11.2 11.5 11.4 10.5 10.1 9.7 9.5 10.9
1983: 9.7 9.8 9.2 8.7 8.5 7.8 8.6 8.2 8.8 8.7 9.1 8.8 8.8
1984: 8.7 10.6 10.5 10.6 10.3 10.3 11.1 11.5 11.5 11.0 10.3 10.9 10.6
1985: 10.4 9.2 8.8 10.1 11.1 9.6 9.1 8.3 7.1 9.1 8.7 8.4 9.2
1986: 8.4 9.1 9.7 9.2 8.8 8.9 8.6 8.3 6.4 7.5 7.7 6.0 8.2
1987: 8.8 7.8 7.9 3.7 7.5 7.1 7.0 6.7 7.2 7.8 8.0 8.1 7.3
1988: 7.5 8.0 7.6 8.0 7.6 7.7 7.9 7.7 8.1 7.7 7.7 7.9 7.8
1989: 8.0 8.3 8.7 7.8 7.5 7.7 7.5 6.7 6.8 6.9 7.5 6.9 7.5
1990: 7.3 8.1 7.8 8.1 7.9 7.8 8.0 7.5 7.6 7.5 7.6 8.2 7.8
1991: 8.7 8.4 7.7 8.2 8.0 8.5 8.0 8.2 8.4 8.5 8.2 8.9 8.3
1992: 8.5 8.9 8.8 9.0 8.9 8.8 8.5 8.7 7.9 8.1 8.0 10.2 8.7
1993: 7.1 6.9 7.2 7.7 7.8 7.2 6.7 6.9 6.5 6.3 6.3 8.7 7.1
1994: 5.5 5.3 5.6 5.5 6.8 6.3 6.4 6.0 6.3 6.6 6.3 6.6 6.1
1995: 6.4 6.7 6.3 5.5 5.6 5.1 5.6 4.8 5.3 5.6 5.2 4.8 5.6
1996: 5.1 5.0 5.1 3.7 4.6 5.2 5.0 4.9 5.1 4.6 4.7 4.6 4.8
1997: 4.1 4.2 4.4 4.4 4.8 4.5 3.7 4.0 4.1 4.2 4.3 4.2 4.2
1998: 4.6 4.6 4.6 4.7 4.2 4.0 4.3 4.2 3.9 3.8 4.3 3.3 4.2
1999: 3.5 3.2 2.7 2.5 2.5 2.5 2.1 2.1 1.3 2.0 1.8 0.7 2.2
2000: 0.6 -0.1 0.1 0.3 0.3 0.3 -0.2 -0.4 0.0 -0.6 -0.8 -0.7 -0.1
2001: -1.3 -0.8 -0.6 -0.7
note: monthly personal saving as percentage of disposable personal income is
available beginning with 1959
