§ 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 Canada for the most recent year for which information is available; and how this compares with the figure for the same year for the United Kingdom.
§ Mr. Robert SheldonThe latest year for which information is available is 1975. Details are as follows:
GROSS DOMESTIC PRODUCT(1) PER HEAD OF TOTAL POPULATION US dollars Canada … 6,994 United Kingdom … 4,065 (1) In purchasers' values Source: National Accounts of OECD countries 1975 (Volume 1).
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 Canada.