§ Mr. Gordon BrownTo ask the Chancellor of the Duchy of Lancaster what was the level of investment by insurance companies and pension funds, as a percentage of total investment for each year since 1970; and what information he has as to comparable figures for(a) the European Economic Community, (b) the United States of America,(c) Japan, (d) India, (e) South Korea, (f) Taiwan, (g) Bangladesh, (h) Pakistan and (i) South America.
§ Mr. MaudeThe table shows net investment by insurance companies and pension funds as a percentage of total gross domestic fixed capital formation (excluding that by general government) for the United Kingdom.
Comparable figures for the other countries and areas listed in the question are not easily available. Some figures on financial accounts are published by the OECD for member countries but separate figures for insurance companies and pension funds are not given for all members. Data on fixed capital formation are published by the IMF for its members although a few are unable to supply these statistics. The relevant publications are "Financial Accounts of OECD Countries" and "International Financial Statistics", copies of which may be obtained from the Library of the House.
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Net investment by insurance companies and pension funds, 1970–87 as a percentage of GDPCF (other than by general government) Percentage 1970 25 1971 26 1972 30 1973 27 1974 27 1975 32 1976 34 1977 35 1978 35 1979 36 1980 35 1981 41 1982 40 1983 40 1984 37
Percentage 1985 36 1986 40 1987 37 Sources: DTI and CSO.
Note.: —There are some breaks in the series due to definitional changes. The main ones are between 1983 and 1984 and between 1984 and 1985.