§ Mr. MitchellTo ask the Chancellor of the Exchequer what proportion of total investment in (a) the United Kingdom, (b) the Australian and (c) the New Zealand economy was accounted for by gross foreign direct investments in each year since 1970. [92682]
§ Ms HewittThe information requested falls within the responsibility of the Director of the Office for National Statistics. I have asked him to reply.
Letter from Tim Holt to Mr. Austin Mitchell, date 26 July 1999:
As Director of the Office for National Statistics (ONS), I have been asked to reply to your recent parliamentary question on foreign direct investment.The proportion of foreign direct investment in the UK of total investment over the last ten years, expressed as a percentage is:125W
- 1989: 16.7
- 1990: 16.2
- 1991: 8.7
- 1992: 9.2
- 1993: 10.2
- 1994: 5.7
- 1995: 11.1
- 1996: 13.2
- 1997: 16.9
- 1998: 26.2
More information can be found on the ONS databank available through the House of Commons library. The ONS does not publish information for Australia and New Zealand, although data are published in the OECD publication International Direct Investment Yearbook 1998, a copy of which is available in the House of Commons Library.