There are other interesting parallels: In both countries, changes in investment ratios seem not to have been triggered by changes in household savings ratios, but have shown separate trends: In Germany, the investment-to-GDP ratio rose from 1951 to 1954 from 20 to 25 per cent, and hovered between 23 and 25 per cent until the late 1960s. The household savings rate, on the other hand, started from a very low level of just 4 per cent of disposable income in 1950 (which even translates into a lower share of GDP as disposable income is only a share of GDP) a.
