§ Mr. Knoxasked the Chancellor of the Exchequer, from information available from international sources, what was the gross domestic product per head at factor cost in New Zealand for the most recent year for which information is available; and how this compares with the figure for the United Kingdom.
§ Mr. Joel BarnettThe latest available figures are as follows:
Gross domestic product at market prices (1) per head of total population US dollars New Zealand Year ending 31st March 1975 … 4,374 Year ending 31st March 1976 … 4,266 United Kingdom Calendar year 1975 … 4,065 Source: National Accounts of OECD countries 1975 (Volume 1).
(1) The OECD publication uses the term "purchasers' values".
The conversion to United States dollars in this publication was on the basis of official or market rates of exchange, which do not reflect the relative internal purchasing power of the currencies and can thus be very misleading. Estimates based on purchasing power parities are not available for New Zealand.