§ Mr. Fallonasked the Secretary of State for Trade and Industry if he will publish in the Official Report a table showing for each present member of the European Economic Community, the United States of America and Japan for each year since 1970, converted to £ sterling at the appropriate exchange rate (a) the surplus or deficit on current account of the balance of payments, (b) the surplus or deficit on the current account of the balance of payments per capita, (c) the surplus or deficit on the invisible account of the balance of payments and (d) the surplus or deficit on the invisible account per capita.
§ Mr. Channon[pursuant to the reply, 9 February 1984, c. 687]: The information is in the tables.
153W
Balance on Invisible Account £ million 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Federal Republic of Germany -1,963 -2,341 -2,900 -4,200 -4,623 -5,566 -6,536 -8,546 -7,697 -10,447 -10,245 -11,088 -11,956 France -192 -271 -402 400 213 558 687 1,375 3,267 3,434 3,817 2,673 2,088 Italy 465 603 780 590 203 266 791 1,479 1,720 3,041 2,861 1,222 1,402 Netherlands 172 207 367 583 697 492 760 491 _2 -304 -643 -510 -270 Belgium/Luxembourg -24 1 44 -35 11 483 964 1,441 995 806 151 284 *288 United Kingdom 857 934 971 1,607 2,073 1,820 3,093 2,338 2,700 2,796 2,002 3,539 3,259 Ireland 98 98 91 112 165 193 149 254 289 284 436 291 † Denmark 90 118 147 294 345 368 536 570 444 198 -200 -466 -863 Greece 205 310 371 475 516 670 984 1,196 1,318 1,474 1,439 1,489 1,649 United States of America -112 333 248 2,506 3,177 4,210 7,612 9,632 9,852 12,646 11,548 16,011 16,255 Japan -821 -808 -925 -1,528 -2,586 -2,527 -3,396 -3,665 -4,219 -4,986 -5,538 -7,529 -6,477
Balance Per Capita on Invisible Account £ 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Federal Republic of Germany -32 -38 -47 -68 -74 90 -106 -139 -126 -170 -166 -180 -194 France -4 -5 -8 8 4 11 13 26 61 64 71 50 39 Italy 9 11 14 11 4 5 14 26 31 54 51 22 25 Netherlands 13 16 28 43 52 36 55 35 — -22 -45 -36 -19 Belgium/Luxembourg -2 — 4 4 1 48 95 142 98 79 15 28 *28 United Kingdom 15 17 17 29 37 32 55 42 48 50 36 63 58 Ireland 33 33 30 36 53 61 46 78 87 84 128 84 † Denmark 18 24 29 58 68 73 106 112 87 39 -39 -91 -169 Greece 23 35 42 53 58 74 107 128 140 154 149 153 168 United States of America — 2 1 12 15 20 35 44 44 56 51 70 70 Japan -8 -8 -9 -14 -24 -23 -30 -32 -37 -43 -47 -64 -55 Notes: Eurostat data in European Units of Account has been converted to pounds sterling using annual exchange rates. * Estimated from IMF data. † Not available. — Less than one pound. Sources:
United Kingdom—CSO Balance of Payments. Others—Eurostat Balance of Payments Global Data 1970–81 and Basic Statistics of the Community, 1983 edition.