HC Deb 19 July 1976 vol 915 cc354-5W
Mr. Knox

asked the Chancellor of the Exchequer what was the average annual rate of growth in the following periods (a) 1945 to 1951, (b) 1952 to 1964, (c) 1965 to 1970, (d) 1971 to 1973 and (e) 1974 to the present time.

Mr. Denzil Davies

Figures are available for gross domestic product at constant prices between 1946 and the first quarter of 1976. Between 1946 and 1951, the average annual rate of growth was 2.0 per cent.; between 1952 and 1964, it was 3.1 per cent.; between 1965 and 1970, it was 2.3 per cent.; between 1971 and 1973 it was 3.8 per cent.; and between the year 1974 and the first quarter of 1976, the latest quarter for which figures have been published, gross domestic product at constant prices rose at an annual average rate of 0.2 per cent.

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