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.

The table provides data about percentage of personal income devoted to savings in seven countries in 1970, 1990, and 2000. To simplify the description, the data will be divided into three levels of rate of savings, namely high, medium, and low. High level of savings rate refers to country that had rate above 20%, while medium regards to rate between 10% and 20%, and the rest refers to rate under 10%.

In 1970, Italy was the only one contry that categorised as high level of savings rate because it had 29.5%. In the medium level, there were Germany with 13.8%, Japan with 17.6 %, and France with 18.7%. The low level comprised Canada, USA, and UK that had 5.6%, 8.2% and 9.2% respectively.

By 1990, no one country could be included in high level of savings. Even Italy in this time was categorised as medium level, as well as Canada, France, Germany, and Japan. However, Italy was still the leading country with saving rates at 17.6%. UK with savings rate at 9.2% and USA at 5.5% were still stuck in low level.

By 2000, the members of each level were changed except high level of savings rate that still had no member. UK that was included in low level in 1990, moved to medium level with rate of savings at 11.%, together with France, Germany, Italy, and Japan in this level. Interestingly, personal savings rate in Canada dropped dramatically, from 11.5% in 1990 to 1.9% in 2000. Such significant fall makes Canada relocated to low level, together with USA that had 4.0% rate of personal savings.

Overall, the general trend shows a decrease in savings rate over this 30 years period.