HC Deb 19 April 1973 vol 855 cc157-8W
Mr. Sillars

asked the Chancellor of the Exchequer what have been the individual economic growth rates of the nine member States of the EEC in each of the past 10 years; and what growth rates have been officially forecast by them in respect of the next two years.

Mr. Nott

The latest estimates of the annual percentage increase in gross national product at constant (1963) market prices for the members of the EEC during the 10 years up to 1971 will be found in Table A3 (pages 4–6) of National Accounts 1961–1971, published by the Statistical Office of the European Communities. The corresponding figures for the United Kingdom based on the latest information and adjusted to EEC definitions are given in the table below:

GROSS NATIONAL PRODUCT AT CONSTANT (1963) MARKET PRICES PERCENTAGE INCREASE OVER PRECEEDING YEAR
1962 1.3
1963 4.2
1964 5.3
1965 2.4
1966 2.3
1967 2.1
1968 3.1
1969 2.2
1970 2.4
1971 1.8
1972 2.3

Forecasts for the United Kingdom up to the middle of 1974 are to be found in Table 4 of the Financial Statement and Budget Report 1973–74 and for the other major members of the EEC in Table 1 of the OECD Economic Outlook, December 1972.