HC Deb 12 July 1976 vol 915 cc98-9W
Mr. Knox

asked the Chancellor of the Exchequer (1) from information available from international sources, what was the gross domestic product per head, at factor cost, in Australia for the most recent year for which information is available; and how this compares with the figure for the United Kingdom;

(2) from information available from international sources, what was the gross domestic product per head at factor cost in Canada for the most recent year for which information is available; and how this compares with the figure for the United Kingdom.

Mr. Denzil Davies

The latest available figures of total gross domestic product are in "National Accounts of OECD Countries 1974—Volume 1, Main aggregates". This publication shows the 1974 figures per head of total population, in purchasers' values and in United States dollars, as:

Australia $4,986 (year ending 30th June 1974)
$5,877 (year ending 30th June 1975)
Canada $6,464
United Kingdom $3,371

The conversion to United States dollars in this publication was on the basis of official or market exchange rates, which do not reflect the relative internal purchasing power of the currencies and can thus be very misleading. Estimates based on purchasing power parities are not available for Australia or Canada.