HC Deb 07 March 1973 vol 852 cc160-3W
Miss Quennell

asked the Chancellor of the Exchequer if he will publish a table, from information available to him from international sources, showing the comparative rates of industrial investment for British industry, category by category, over the past five years, to the nearest convenient date.

Mr. Nott

The information is given in the following table. Comparisons have

FIXED INVESTMENT BY TYPE OF ASSET AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT AT FACTOR COST
Total Dwellings Other new buildings Plant, machinery, etc.
United Kingdom
1967 … … … 21.4 4.1 7.1 10.1
1968 … … … 21.9 4.2 7.3 10.3
1969 … … … 21.5 3.9 7.4 10.2
1970 … … … 21.6 3.5 7.4 10.8
1971 … … … 20.9 3.4 7.3 10.2
Canada
1967 … … … 26.8 4.8 12.2 9.7
1968 … … … 24.7 5.1 11.2 8.4
1969 … … … 24.7 5.5 10.7 8.5
1970 … … … 24.2 4.8 11.0 8.4
1971 … … … 24.7 5.4 11.3 7.9
United States of America
1967 … … … 18.2 3.4 7.3 7.6
1968 … … … 18.4 3.8 7.3 7.4
1969 … … … 18.5 3.8 7.2 7.5
1970 … … … 18.0 3.5 7.2 7.3
1971 … … … N.A. N.A. N.A. N.A.
Japan
1967 … … … 36.4 7.3 13.8 15.1
1968 … … … 36.9 7.4 12.9 16.5
1969 … … … 39.2 7.9 13.5 17.6
1970 … … … 38.6 7.9 13.2 17.5
1971 … … … 38.1 N.A. N.A. N.A.
France
1967 … … … 29.3 8.0 9.2 12.1
1968 … … … 28.6 7.9 8.9 11.8
1969 … … … 28.9 7.8 8.9 12.2
1970 … … … 29.4 7.8 9.0 12.5
1971 … … … 29.3 7.7 8.8 12.9
Germany
1967 … … … 26.5 6.7 8.7 11.1
1968 … … … 26.3 6.3 8.8 11.1
1969 … … … 27.8 6.0 9.1 12.7
1970 … … … 29.9 6.1 10.1 13.7
1971 … … … 30.4 6.7 10.1 13.6

FIXED INVESTMENT BY INDUSTRY GROUP AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT AT FACTOR COST
Total Agriculture forestry and fishing Mining and quarrying Manufacturing Construction Transport and communication Dwellings Electricity gas and water Other
United Kingdom
1967 … … 21.4 0.6 0.4 4.2 0.4 2.0 4.1 3.0 6.8
1968 … … 21.9 0.6 0.3 4.3 0.4 2.4 4.2 2.5 7.2
1969 … … 21.5 0.6 0.3 4.7 0.4 2.2 3.9 2.0 7.4
1970 … … 21.6 0.6 0.3 4.9 0.4 2.6 3.5 1.8 7.6
1971 … … 20.9 0.6 0.3 4.5 0.3 2.6 3.4 1.7 7.5
Canada
1967 … … 26.8 2.0 1.8 4.2 0.4 2.8 4.8 2.3 8.4
1968 … … 24.7 1.7 1.7 3.3 0.4 2.5 5.1 2.3 7.7
1969 … … 24.7 1.5 1.7 3.6 0.4 2.5 5.5 2.2 7.4
1970 … … 24.2 1.2 1.8 4.1 0.4 2.4 4.8 2.3 7.1
1971 … … 24.7 1.3 2.1 3.4 0.4 2.4 5.4 2.4 7.3
United States of America
1967 … … 18.2 0.8 0.2 3.9 1.6 3.4 0.9 7.4
1968 … … 18.4 0.7 0.2 3.6 1.6 3.8 1.0 7.6
1969 … … 18.5 0.6 0.2 3.7 1.7 3.8 1.0 7.3
1970 … … 18.0 0.7 0.2 3.6 1.8 3.5 1.2 7.0
1971 … … N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

been made with Canada, the United States, Japan, France and West Germany. Two analyses are shown; the first by type of asset and the second by industry group.

Japan
1967 … … 36.4 2.2 0.4 9.5 1.8 7.1 1.3 13.7
1968 … … 36.9 2.2 0.5 10.1 1.9 7.2 1.3 13.4
1969 … … 39.2 2.2 0.4 11.2 2.2 7.9 1.4 13.8
1970 … … 38.6 2.0 0.3 10.8 2.0 7.7 1.5 14.0
1971 … … 38.1 2.5 0.3 9.1 2.0 7.5 1.5 14.5
France*
1967 … … 29.3 1.4 0.3 7.8 2.2 7.9 1.5 8.2
1968 … … 28.6 1.4 0.2 7.2 2.2 7.8 1.4 8.0
1969 … … 28.9 1.2 0.2 7.6 2.2 7.7 1.3 8.5
1970 … … 29.4 1.3 0.2 8.4 2.3 7.8 1.1 8.6
1971 … … 29.3 1.2 0.2 8.5 2.0 7.6 1.0 8.9
Due to rounding figures for each item when aggregated may not equal the figure for total investment Figures for the United Kingdom and Canada are based on the new United Nations System of National Accounts while those for the other countries are based on the former system.
An analysis of fixed investment of industry group for Germany is not available.
*Investment in dwellings excludes dwellings for public authorities which are included in "public administration"

Sources:

United Kingdom—National Income and Expenditure 1972 (adjusted to international definitions).

France—National Accounts 1961–1971, published by the European Statistical Office.

Other countries—National Accounts of OECD countries 1960–1970 published by OECD, and latest returns by member countries