The graph shows the private debt and credit in the UK since 1880.
Summarise the information by selecting and reporting the main features, and make comparisons where relevant.
The line graph illustrates the usage of private payment cards in the United Kingdom from 1880-2020.
Overall, the usage of Debit cards shows the rise yearly, whereas there is a fluctuating trend in the utilization of Credit cards.
It is quite evident that the average usage of Debit cards has been following several ups and downs between 1880 to 1910. Later on, by the end of 1920, there was a heavy fall to 30% GDP, and there were also a few deviations by the end of 1980; however, since 1980, there was no decrease again, and the trend continued till 2010. Between the years 2010-2020, there was a little decline in the GPD percent of debit cards.
Forthcoming to the Credit card’s GDP, it is noticed that starting from 1880, the usage was between -10 and 20 percent. Later in 1990, it has increased to 20 percent GDP, and further, there were a few fluctuations till 2010; however, by the end of 2020, it is visible that the gross domestic product of the affinity cards has reached ‘0’.
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