Investing Subcomponents: Household Savings Rates

Savings provide financing for investments, so measuring savings provides another perspective into the resources a country has to productively invest. When you look at a country that is saving a lot when it is still poor, that is the period that its savings typically yield the highest productivity gains, for the reasons we have explained. Patterns of savings also relate to countries moving through the process described previously—countries that are fast becoming rich tend to save a lot, and richer countries past their peak tend to draw down their savings.

储蓄为投资提供融资，因此衡量储蓄可以为国家积极投资的资源提供另一个视角。当你看一个国家，如果它仍然很贫穷的时候节省了很多，那就是它的储蓄通常会产生最高的生产力增长的时期，原因是我们已经解释了。储蓄模式也涉及到前述过程的国家 - 快速成长的国家往往节省很多，而富裕国家越过高峰，往往会减少储蓄。

We measure the propensity for households to save by looking at average household savings as a percentage of household income over the last seven years.

我们通过将平均家庭储蓄视为过去七年家庭收入的百分比来衡量家庭储蓄的倾向。

Once again, China and India rank at the top for household savings. Major European countries measure as having fairly high household savings rates relative to other developed countries, while household savings rates in the US are notably lower. Adjusting for cost levels again exacerbates the differences between the emerging and developed world along this dimension, with the high level of Indian and Chinese savings standing out and savings rates in the US and Japan quite low.

中国和印度再次成为家庭储蓄的顶峰。欧洲主要国家相对于其他发达国家而言，家庭储蓄率相对较高，而美国的家庭储蓄率明显较低。成本水平的调整再次加剧了新兴和发达国家在这一层面上的差异，印度和中国储蓄的高水平脱颖而出，美国和日本的储蓄率相当低。