§ Mrs. Bainasked the Chancellor of the Exchequer what is his estimate of the average annual growth in Scottish gross domestic product during the past 20 years; and how this compares with the record of other OECD countries.
§ Mr. Denzil DaviesFigures over 20 years for Scotland are not available. Growth rates for the period 1960–74 are given below. As estimates at constant368W prices for Scotland are not prepared, all of the growth rates are given in terms of current prices and national currencies. The rates therefore reflect changes in prices, as well as changes in the volume of economic activity.
Gross Domestic Product at factor cost Average annual growth, 1960–74 per cent. Scotland 8.8 United Kingdom 8.8 Austria 9.8 Belgium 9.8 Denmark 11.2 Federal Republic of Germany 9.1 Finland 12.7 France 11.0 Greece 13.1 Irish Republic 11.3 Italy 11.5 Netherlands 11.0 Norway 10.2 Portugal 11.6 Spain 16.1 Sweden 9.0 Switzerland 10.2 Australia 10.5 Canada 9.7 Japan 17.0 New Zealand 10.3 USA 7.6