HC Deb 12 March 1975 vol 888 cc168-70W
Mr. Adley

asked the Chancellor of the Exchequer what has been the percentage of capital investment, as a proportion of GNP, of Great Britain, France and Germany from each year from 1955 to 1974.

Mr. Robert Sheldon

The following table shows estimates of gross fixed capital formation as a percentage of gross national product at current market prices for the United Kingdom, France and Germany. Figures for 1954 to 1961, shown in the upper part of the table, are derived from the publication "National Accounts of OECD Countries, 1953 to 1969 "and are defined in a slightly different way from those for 1960 to 1973 in the remainder of the table, which have been derived from the Statistical Office of the European Community's publication "National Accounts Aggregates, 1960-1973 ". The extent of the differences in definition is small as shown by the figures on both bases for 1960 and 1961.

Percentages of GNP
United Kingdom France Germany
1954 14.4 16.4 20.7
1955 14.9 17.5 22.5
1956 15.1 17.9 22.6
1957 15.6 19.1 21.5
1958 15.4 18.9 21.8
1959 15.7 20.3 23.1
1960 16.3 20.2 24.0
1961 17.1 21.5 25.3
1960 16.3 19.0 24.2
1961 17.2 20.2 25.5
1962 16.8 20.4 26.3
1963 16.4 20.7 26.0
1964 18.0 22.1 27.2
1965 18.0 23.6 26.8
1966 18.0 23.2 26.0
1967 18.5 23.6 23.3
1968 18.7 23.6 23.3
1969 18.3 24.0 24.4
1970 18.2 24.3 26.7
1971 18.0 24.3 26.9
1972 18.3 24.4 26.3
1973 19.5 24.4 25.0

Mr. Adley

asked the Chancellor of the Exchequer what was the GNP per capita in 1958 and what is the figure for the latest year for which figures are available of the following countries, namely, Great Britain, Belgium, Germany, France, Italy and the Netherlands.

Mr. Robert Sheldon

The following table gives estimates of gross national product at current market prices per head of total population. Because of changes to the internationally agreed definition of gross national product it is not possible to

GROSS NATIONAL PRODUCT AT CURRENT MARKET PRICES PER HEAD OF TOTAL POPULATION
US$
1958* 1960* 1960† 1973†
United Kingdom 1,250 1,380 1,370 3,113
Belgium 1,150 1,250 1,237 4,118‡
West Germany 1,100 1,310 1,287 5,576
France 1,290 1,350 1,307 4,786
Italy 610 700 691 2,508
Netherlands 850 990 970 4,466
*Derived from "National Accounts of OECD Countries, 1953–69 ", calculated according to the former United Nations System of National Accounts. The United Kindom figures have been updated on the same definition.
† Derived from the EEC publication "National Accounts ESA Aggregates ", calculated according to the European System of Integrated Accounts.
† 1972.

Mr. Adley

asked the Chancellor of the Exchequer what was the gross national product, for each year from 1958 to 1974, in billions of current dollars, of the United Kingdom, Germany, France and Italy ; and what has been the related percentage

GROSS NATIONAL PRODUCT AT CURRENT MARKET PRICES
$thousand million
United Kingdom West Germany France Italy
1958 64.8 59.2* 57.7 30.3
1959 68.1 60.0* 55.6 32.4
1960 72.1 66.6* 61.5 35.1
1960 72.0 71.4 59.7 34.7
1961 76.8 81.7 65.0 38.7
1962 80.6 89.3 72.6 43.5
1963 85.8 95.1 81.5 49.8
1964 93.2 104.2 90.1 54.4
1965 100.2 114.0 98.0 58.7
1966 106.6 121.4 105.0 63.5
1967 110.4 122.6 113.2 69.9
1968 103.9 133.7 124.1 75.5
1969 110.9 152.0 135.3 83.1
1970 121.7 185.4 141.0 93.0
1971 136.0 206.8 157.3 101.1
1972 155.9 256.3 190.9 118.2
1973 174.4 345.6 249.5 137.7
Average annual per cent, increase, 1958–73†:
In terms of US dollars 6.8 12.0 10.5 10.7
In terms of national currency 7.8 9.1 10.8 10.2
Sources:
1958–60—" National Accounts of OECD Countries 1953–69 "(OECD).
1960–73—" National Accounts ESA Aggregates "(Statistical Office of the European Community).
* Excluding the Saar and West Berlin.
† Allowing for discontinuities.

provide figures on the same basis for 1958 and 1973. Figures on both bases are also given for 1960 to show the effect of the definitional change. The estimates have been converted to US $ at par values or central rates of exchange, which do not necessarily reflect differences in the internal purchasing power of national currencies.

increase in GNP for the four countries during this period.

Mr. Robert Sheldon

The following table gives the information. The figures have been converted from national currencies to United States dollars at par values or central rates of exchange. Figures for 1974 are not yet available.