§ Mr. Ellis Smithasked the Economic Secretary to the Treasury the gross fixed investment as a percentage of the national income for 1938, and for each post-war year, the gross real fixed invest- 14W ment by sectors and the fixed investment as a percentage of gross product for the main industries and services.
§ Mr. MaudlingEstimates of gross fixed investment as a percentage of gross national product are as follow:
1938 1946 1947 1948 1949 1950 1951 1952 11.4 10.4 12.7 13.6 14.0 14.2 14.4 13.9 The figures for 1946 to 1951 are derived from tables 1 and 30 of National Income and Expenditure, 1946–1951 published by H.M.S.O. in August, 1952; and that for 1938 mainly from table 283 of the Annual Abstract of Statistics, No. 89, 1952. The figure for 1952 is approximate and is derived from the Preliminary Estimates of National Income and Expenditure 1948–1952 (Cmd. 8803).
Figures of gross real fixed investment by sectors are not available, but estimates by type of asset are given in table 13 of the Economic Survey for 1952 (Cmd. 8509).
Estimates of gross fixed investment at factor cost in the main industries and services, as a percentage of their respective contributions to the gross domestic product (at factor cost and including stock appreciation), are as follow: —
— 1948 1949 1950 1951 Agriculture, forestry and fishing 14 13 13 13 Mining and quarrying 8 9 8 8 Manufacturing 9 10 10 11 Gas, electricity and water 66 74 79 80 Transport and communication 29 31 28 22 Corresponding figures for other years are not available.
The figures shown for 1948 to 1951 are derived from tables 9 and 35 of National Income and Expenditure 1946-1951, after eliminating indirect taxes from the figures in table 35.