§ Mr. Formanasked the Chancellor of the Exchequer whether he will publish an index of gross domestic product from 1966 to 1976 and for the first three quarters of 1977, from which production of North Sea oil and gas has been subtracted.
822W
§ Mr. Denzil DaviesThe table below shows index numbers (1970=100) of gross domestic product at constant factor cost, based on output data, both in total and subtracting the net output of the United Kingdom petroleum and natural gas industry, as defined by Minimum List Heading (mlh) 104 of the Standard Industrial Classification, 1968 (Amendment list 1). This industrial category comprises the activities of exploration for, and extraction of, petroleum on land and offshore; "petroleum" in this context includes mineral oil, natural gas and natural gas condensates.
Index numbers of output (1970=100) Total gross domestic product (based on output data) Output other than that classfied to mlh 104† 1966 90.9 90.9 1967 92.5 92.5 1968 96.4 96.4 1969 98.3 98.3 1970 100.0 100.0 1971 101.5 101.5 1972 104.4 104.4 1973 110.3 110.3 1974 109.7 109.7 1975 107.7 107.7 1976 108.9 108.7 Seasonally adjusted 1976— 1st quarter 108.6 108.5 2nd quarter 108.5 108.3 3rd quarter 108.5 108.3 4th quarter 110.1 109.8 1977— 1st quarter 110.4 110.0 2nd quarter 109.1 108.7 3rd quarter* 109.9 109.5 * Preliminary estimate. † The methodology for the assessment of the net output of mlh 104 is described in Statistical News February 1977 page 36.31.