§ Mr. Knoxasked the Chancellor of the Exchequer what proportion of the gross national product was represented by savings, industrial investment and public sector investment in 1958, 1970 and 1971; and, from information available from international sources, what are the equivalent figures for the Common Market countries.
§ Mr. Nott:The information in the following table is taken mainly from National Accounts 195–-68 and National 59W Accounts 1960-70 published by the Statistical Office of the European Communities. Where other sources have been used these are indicated. The figures for the United Kingdom take account of the latest published estimates. Figures for the public sector as used in the United Kingdom—i.e. including public corporations and other public enterprises—are not avail-
SAVINGS AND INVESTMENT AS A PERCENTAGE OF GROSS NATIONAL PRODUCT AT FACTOR COST Fixed investment Gross saving(*) Industrial(†) Public sector (a) (b) Belgium— 1958 … … … 21.8 5.9(‡) n.a. 1.8 1970 … … … 29.2 8.1(‡) n.a 3.9 France— 1958 … … … 23.1 8.9(§) 8.3(**) 2.6 1970 … … … 32.3 9.7(§) n.a. 3.9 Germany— 1958 … … … 30.2 9.2 (║) n.a. 3.1(║) 1970 … … … 32.3 n.a. n.a. 4.9 Italy— 1958 … … … 26.1 7.5 n.a. 3.5 1970 … … … 26.4 7.1 n.a. 2.0 Luxembourg— 1958 … … … 29.0 11.7(¶) 9.5(**) n.a. 1970 … … … n.a. n.a. n.a. n.a Netherlands— 1958 … … … 29.3 7.0 8.5(**) 4.2 1970 … … … 30.1 9.4 n.a. 5.5 United Kingdom— 1958 … … … 19.3 7.2 7.2 1.7 1970 … … … 23.0 7.5 9.3 3.4 1971 … … … 22.3 6.7 9.3 3.5 (*) After deducting stock appreciation. (†) Mining and Quarrying, manufacturing, construction, gas, electricity and water. (‡) Including car dealers. (§) Including fishing. (║) Based on 1968 OECD return. (¶) Including transport and communication. (**) Based on statistics from the United Nations Yearbook of National Accounts Statistics 1969.