Savings and Investment

HC Deb 07 April 1971 vol 815 cc187-9W

Mr. Knox

asked the Chancellor of the Exchequer what proportion of the gross national product was represented by savings, industrial investment, and public sector investment during each year of the last decade; and, from information available from international sources, what are the equivalent figures for the Common Market countries.

Mr. Higgins

The information in the following table is taken from the latest returns made to O.E.C.D., except here shown, and so far as possible comparable definitions have been used. The figures for the United Kingdom take account of revisions to the published estimates since the O.E.C.D. return was completed. Figures for the public sector as used in the United Kingdom, i.e. including public corporations and other public enterprises, are not available for all countries. The tables therefore show two columns for each country (a) including public enterprises, and (b) excluding publice enterprises. There is some duplication between the figures in column (a) and those for "industrial" investment.

SAVING AND INVESTMENT AS A PERCENTAGE OF GROSS NATIONAL PRODUCT AT FACTOR COST
		Fixed Investment
	Gross Saving(1)	Industrial(2)	Public Sector
			(a)	(b)
United Kingdom
1960	19.5	7.1	7.2	1.8
1961	20.2	7.8	7.5	2.1
1962	19.1	7.3	7.7	2.3
1963	19.2	7.0	7.8	2.3
1964	20.8	7.6	8.8	2.6
1965	21.1	7.9	8.8	2.6
1966	21.2	8.3	9.5	2.6
1967	20.5	8.1	10.4	3.0
1968	21.1	7.6	10.2	3.3
1969	22.7	7.4	9.5	3.2
1970	23.0	7.3	9.3	3.3

for each country are available in "O.E.C.D. Financial Statistics", from which the figures in the table have been drawn.

Belgium
1960	21.2	6.9(3)	…	2.1
1961	23.2	7.8(3)	…	2.3
1962	24.1	9.1(3)	…	2.6
1963	22.6	8.6(3)	…	2.8
1964	26.5	8.0(3)	…	3.3
1965	26.2	8.4(3)	…	2.8
1966	26.1	9.1(3)	…	3.2
1967	26.8	9.0(3)	…	3.5
1968	25.2	7.8(3)	…	3.9
1969	26.5	8.2(3)	…	3.7
1970	…	…	…	…

France
1960	28.2	9.0(4)	8.2	2.7
1961	27.9	9.7(4)	8.2	2.9
1962	28.0	9.8(4)	8.5	3.2
1963	28.2	9.7(4)	8.8	3.4
1964	29.6	9.8(4)	9.3	3.7
1965	29.9	9.6(4)	9.5	3.8
1966	30.7	9.7(4)	9.7	3.9
1967	30.4	9.6(4)	9.8	4.1
1968	29.1	9.1(4)	9.5	3.9
1969	30.6	9.6(4)	9.0	3.8
1970	…	…	…	…

Italy
1960	27.9	7.8	…	3.5
1961	29.6	8.7	…	3.5
1962	28.9	9.0	…	3.5
1963	26.4	9.2	…	3.0
1964	26.4	7.1	…	3.2
1965	26.3	5.4	…	2.9
1966	25.3	5.5	…	2.8
1967	25.6	5.8	…	2.5
1968	26.2	5.7	…	2.9
1969	26.6	6.0	…	2.4
1970	…	…	…	…

Germany
1960	32.9	9.9(5)	…	3.6
1961	32.6	10.4(5)	…	3.9
1962	31.3	10.5(5)	…	4.5
1963	30.6	9.8(5)	…	4.9
1964	32.5	10.0(5)	…	5.3
1965	31.4	9.8(5)	…	5.0
1966	30.5	9.4(5)	…	4.9
1967	28.8	8.4(5)	…	4.3
1968	31.1	8.2(5)	…	4.4
1969	32.1	…	…	4.4
1970	…	…	…	…

Luxembourg
1960	36.1	10.3(6)	…	5.4(6)(7)
1961	34.5	13.5(6)	…	4.9(6)(7)
1962	31.1	15.3(6)	…	6.1(6)(7)
1963	28.8	19.0(6)	…	5.0(6)
1964	31.4	20.3(6)	…	5.0(6)
1965	30.0	11.9(6)	…	4.2(6)
1966	29.2	9.7(6)	…	4.5(6)
1967	28.6	7.6(6)	…	4.5(6)
1968	30.3	6.2(6)	…	5.0(6)
1969	…	…	…	…
1970	…	…	…	…

Netherlands
1960	32.6	7.7	8.4	4.5
1961	31.1	8.5	8.2	4.7
1962	29.2	8.8	8.4	4.9
1963	27.5	8.7	8.8	5.2
1964	29.5	9.4	10.1	5.3
1965	29.3	9.0	10.2	5.1
1966	28.8	9.7	10.7	5.2
1967	29.1	9.1	10.4	5.4
1968	31.1	8.9	10.4	5.7
1969	31.2	8.7	9.5	5.6
1970	…	…	…	…
… Not available.

(1) After deducting stock appreciation.

(2) Mining and quarrying, manufacturing, construction, gas, electricity and water.

(3) Including car dealers.

(4) Including fishing.

(5) Based on 1969 OECD returns; not available from 1970 return.

(6) Based on "National Accounts 1959–69" published by the Statistical Office of the European Communities; not available from 1970 OECD return.

(7) Including certain public enterprises.