Balance of Payments

HC Deb 03 August 1976 vol 916 c683W

Mr. Clemitson

asked the Chancellor of the Exchequer if he will publish figures of the United Kingdom balance of payments deficit or surplus expressed as a percentage of the GDP for each of the past 10 years.

Mr. Robert Sheldon

Following is the information.

	United Kingdom balance of payments current account surplus (+)or deficit (-)expressed as a percentage of GDP at factor cost
1966	…	…	+0.3
1967	…	…	-0.9
1968	…	…	-0.7
1969	…	…	+1.2
1970	…	…	+1.7
1971	…	…	+2.2
1972	…	…	+0.2
1973	…	…	-1.3
1974	…	…	-5.0
1975	…	…	-1.9