§ 119. Mr. Emeryasked the Chancellor of the Exchequer how the gross national 337W product of the United Kingdom compares with those of Germany, France and Italy; and what estimate he has made of the movements of those figures over the next 10 years from information available to him from international sources.
§ Mr. HigginsThe United Kingdom gross national product, at market prices as defined for international returns was £45,765 million in 1969. Comparable figures for Germany, France and Italy, converted to £ sterling at official exchange rates, were respectively £64,000 million, £58,400 million and £34,300 million. I have made no independent estimates of future movements in these figures but my hon. Friend will find projected growth rates up to 1980 for these countries in "The Outlook for Economic Growth" published by O.E.C.D. in May, 1970.