HC Deb 21 March 1973 vol 853 cc137-40W
Mr. Carter

asked the Chancellor of the Exchequer if he will publish in the OFFICIAL REPORT the following information for the years 1950, 1960, 1970, and the latest available date: gross national

and the amount of income tax to be paid by a married man with two infant children with an income of £50,000, £10,000, £5,000, £2,000 and £1,000, on the basis that such income consisted entirely of unearned income, entirely of earned income, and half of earned income and half of unearned income for each of the following years, 1945–46, 1950–51, 1964– 65, 1970–71 and 1973–74 respectively.

Mr. Nott

The figures are:

product per head of population, percentage of gross national product devoted to investment, percentage of gross national product devoted to personal consumption, average rate of economic growth for 10-year period, per head of population, average income expressed in dollars, for each of the Common Market countries.

Mr. Nott

The information is given in the tables below. Details of gross national product per head of population, the percentage of gross national product devoted to investment, the percentage of gross national product devoted to personal consumption and the average rate of growth for the previous 10 years, for France, Germany, Italy and the United Kingdom in 1950, 1960 and 1970 were given in answer to the hon. Member on 12th March.

The estimates for gross national product and total personal income per

GROSS NATIONAL PRODUCT AND ECONOMIC GROWTH 1950, 1960, 1970 AND 1971
GNP per head of population U.S. dollars Percentage of GNP by Personal Average annual percentage rate of economic growth* in preceding 10 years
Investment consumption
Belgium
1950 … … … n.a. n.a. n.a. n.a.
1960 … … … 1,250 18.9 68.3 n.a.
1970 … … … 2,680 22.4 59.6 5.0
1971 … … … 2,940 21.6 60.1 4.9
Denmark
1950 … … … 730 15.8 73.5 n.a.
1960 … … … 1,300 19.4 65.5 3.3
1970 … … … 3,190 22.0 60.8 4.9
1971 … … … 3,460 21.4 59.6 4.6
France
1971 … … … 3,180 25.6 58.9 5.8
Germany
1971 … … … 3,400 26.7 53.9 4.6
Irish Republic
1950 … … … 370 16.6 80.9 n.a.
1960 … … … 660 13.7 74.7 1.7
1970 … … … 1,360 21.4 67.9 4.2
1971 … … … 1,540 22.7 66.9 4.0
Italy
1971 … … … 1,870 19.9 64.0 4.9
Luxembourg
1950 … … … n.a. n.a. n.a. n.a.
1960 … … … 1,570 22.1 56.2 n.a.
1970 … … … 3,000 26.1 53.7 3.4
1971 … … … 3,030 30.4 57.2 3.1
Netherlands
1950 … … … 490 20.1 67.9 n.a.
1960 … … … 980 23.4 56.8 4.7
1970 …… … 2,460 25.0 57.6 5.3
1971 … … … 2,730 25.0 56.9 5.4
United Kingdom
1971 … … … 2,430 17.7 61.3 2.7
* GNP at constant (1963) prices
n.a. = Not available.

TOTAL PERSONAL INCOME PER HEAD OF POPULATION
U.S. dollars
1950 1960 1970 1971
Belgium … n.a. 1,130 2,450 2,720
Denmark … 660 1,160 2,720 n.a.
France … 580 1,110 2,520 2,780
Germany … n.a. 1,090 2,650 2,910
Irish Republic … 330 560 1,010 n.a.
Italy … n.a. n.a. 1,620 1,790
Luxembourg … n.a. 1,290 2,460 n.a.
Netherlands … 390 820 2,290 2,570
United Kingdom … 600 1,110 1,810 1,990
= Not available

Sources:

National Accounts of OECD countries 1950–1968.

EEC National Accounts 1961–1971.

head of population have been converted to United States dollars at official exchange rates, but these do not necessarily reflect differences in internal purchasing power.