The table below shows personal savings as a percentage of personal income for selected countries in 1970, 1990 and 2000. Summarise the information by choosing and reporting the key features, and make any relevant comparisons.
Personal income in seven countries is denoted in the chart as a percentage of individual remuneration in 1970 1990 and 2000.
France, Germany, Italy and Japan showed the highest accumulation compared to
Canada
, the UK and the USA in 1970. In 1970 and 1990 Italy had the highest hoard rate of 29.5% and 17.6%. Also
, Canada
showed 5.6% savings in 1970 however
it increased to 11.5% in 1990.
By 2000 the holding rates can be seen at the same level considerably across the seven countries. France and Japan led with 13.6% followed by Germany, Italy and the UK at around 11%. Personal stores in America have decreased to 4% and in Canada
at a very low 1.9%. According to
the chart, Canada
shows the lowest rate in 2000 compared to 1970 and 1990.
The overall
trend displays a reduction in reserves in this
thirty-year period. And also
accumulation has increased in the UK compared to the past twenty years.Submitted by addaragelal on
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