§ Mr. Meacher
asked the Chancellor of the Exchequer what has been the annual percentage change in total output since 1970, using the output measure of gross domestic product at constant factor cost; and what has been the annual percentage change in the total excluding the extraction of oil and gas.
§ Mr. MacGregor
Between 1970 and the third quarter of 1986, the most recent period for which data are available, the output measure of gross domestic product increased at an average rate of 1.8 per cent. per year. The corresponding figure for all industries other than oil and gas extraction is 1.4 per cent.