Gross Domestic Product and Social Wage

HC Deb 25 April 1975 vol 890 c403W

Mr. Wyn Roberts

asked the Chancellor of the Exchequer what is the difference at constant prices between GDP per head and the social wage per head currently and in each of the following years 1974, 1970, 1969, 1960 and 1950.

Mr. Joel Barnett

Figures for 1974–75, 1970–71 and 1969–70 are shown below. Comparable estimates of the social wage in earlier years are not readily available.

THE SOCIAL WAGE AND GDP PER HEAD OF THE WORKING POPULATION
		£ at 1974–75 prices
	Social wage	GDP	Difference
1974–75	1,000	3,000*	2,000
1970–71	760	2,700	1,940
1969–70	730	2,625	1,895
* Partly estimated.