Gross Domestic Product

HC Deb 05 December 1975 vol 901 cc758-9W

Mr. David Howell

asked the Chancellor of the Exchequer what are the percentage shares of gross domestic product at factor cost of (a) current expenditure on goods and services, (b) investment, (c) subsidies, debt interest and transfer payments and (d) other expenditure between 1960 and 1974 and his estimates for 1975.

Mr. Joel Barnett

The hon. Member is presumably referring to public expenditure. The following table shows the information for the years 1960 to 1974.

PUBLIC EXPENDITURE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT
					Current expenditure on goods and services	Investment	Subsidies, Current grants, Capital transfers Debt interest	Net lending to private sector and overseas
					(a)	(b)	(c)	(d)
1960	…	…	…	…	18.7	7.2	15.0	0.6
1961	…	…	…	…	18.9	7.6	15.5	0.5
1962	…	…	…	…	19.4	7.8	15.7	0.6
1963	…	…	…	…	19.2	7.9	15.8	0.5
1964	…	…	…	…	18.8	8.9	15.2	0.7
1965	…	…	…	…	19.3	9.0	16.0	1.0
1966	…	…	…	…	19.8	9.7	16.0	0.7
1967	…	…	…	…	20.8	10.7	18.1	0.6
1968	…	…	…	…	20.6	10.2	19.6	0.6
1969	…	…	…	…	20.5	9.5	19.8	0.4
1970	…	…	…	…	21.0	9.7	19.2	0.6
1971	…	…	…	…	21.2	9.5	18.4	0.8
1972	…	…	…	…	21.5	8.7	19.0	0.9
1973	…	…	…	…	21.2	9.2	19.2	1.5
1974	…	…	…	…	22.9	10.1	21.7	2.6