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The table below shows personal savings as a percentage of personal income fo
The table below shows personal savings as a percentage of personal income fo
游客
2023-10-18
19
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问题
The table below shows personal savings as a percentage of personal income for selected countries in l970, 1990 and 2000.
Summarize the information by selecting and reporting the main features, and make comparisons where relevant.
Write your article in about 140 words in an appropriate style on the Answer Sheet.
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答案
The table shows the percentage of personal income devoted to savings in seven countries in 1970, 1990 and 2000.
The most dramatic changes are evident in Italy, Japan, France and Canada. In 1970 Italy had the highest savings rate of 29.5%, followed by France with 18.7% and Japan with 17.6%. Canada had the lowest—5.6%.
By 1990 Italy was still the leading country, though its saving rate had dropped to 17.6%. Germany was next 13.8%(same as 1970)and the rates in France and Japan were close behind. In Canada, the savings rate had almost doubled to 11.5%. The UK and the USA had the lowest rates of 8.2% and 5.5% respectively.
By 2000 the savings rates had leveled out considerably across the seven countries. France and Japan led with 13.6%, followed by Germany, Italy and the UK at around 11%. Personal savings in North America dropped sharply, with the USA at 4% and Canada at a very low 1.9%.
The overall trend shows a reduction in savings over this thirty-year period.
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