§ Mr. John Mooreasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each year since 1945 the proportion of the gross national product devoted to paying interest on the Government's debt.
§ Mr. Denzil DaviesThe information is as follows:
INTEREST ON CENTRAL GOVERNMENT DEBT HELD OUTSIDE THE CENTRAL GOVERNMENT SECTOR AS A PROPORTION OF THE GROSS NATIONAL PRODUCT AT MARKET PRICES Per cent. 1946 4.8 1947 4.8 1948 4.2 1949 40 1950 3.8 1951 3.7 1952 3.8 1953 3.7 1954 35 1955 3.6 1956 3.4 1957 3.2 1958 3.4 1959 3.2 1960 3.3 1961 3.2 1962 3.0 1963 3.0 1964 2.8 1965 2.7 1966 2.7 1967 2.7 1968 2.8 1969 2.7 1970 2.5 1971 2.4 1972 2.5 1973 2.5 1974 2.6 1975 2.6 1976 2.9 1977 3.3 Source: National accounts
§ Mr. John Mooreasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing, for each year since 1945, in terms of both current and 1970 prices, the proportion 405W of the gross national product devoted to net investment by manufacturing industry.
§ Mr. Denzil DaviesAs the hon. Member has specified gross national product as the denominator in the proportions required, I assume that he requires gross domestic fixed capital formation to be used as the numerator. I refer the hon. Member to the answer given to him by my hon. Friend the Under-Secretary of State for Industry on 23rd June 1978—[Vol. 952, c. 359–60.]
§ Mr. John Mooreasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each year since 1945 the proportion of the gross national product devoted to defence expenditure.
§ Mr. Denzil DaviesI will let the hon. Member have a reply as soon as possible.
§ Mr. John Mooreasked the Chancellor of the Exchequer if he will publish in
GROSS DOMESTIC FIXED CAPITAL FORMATION BY MANUFACTURING INDUSTRIES AS PERCENTAGE OF GROSS DOMESTIC PRODUCT AT CURRENT MARKET PRICES Percentages 1964 1965 7966 1967 1968 1969 1970 1971 1972 1973 1974 1975 Belgium … 5.3 5.5 6.0 5.6 4.8 5.0 5.7 5.5 4.7 4.5 5.3 4.7 Denmark* … 3.2 3.2 2.8 2.6 2.0 2.4 2.5 2.3 2.1 2.3 2.6 n.a. France … n.a. n.a. n.a. n.a. n.a. n.a. 6.2 5.9 5.8 5.5 5.4 4.9 Itaiy† … n.a. n.a. n.a. n.a. n.a. n.a. 5.0 5.1 4.8 5.4 6.3 n.a. Luxembourg … n.a. n.a. n.a. n.a. 5.5 6.8 8.6 11.3 9.8 8.5 6.3 6.4 Netherlands‡ … 5.7 5.1 5.7 5.4 5.0 4.8 6.2 5.8 4.5 4.2 4.4 4.2 United Kingdom§ … 3.7 4.0 4.0 3.7 3.7 4.0 4.2 3.8 3.3 3.2 3.8 3.4 Source: National Accounts of OECD Countries, 1975, Vol. II. * Value-added by handicrafts included with gross fixed capital formation in manufacturing industries. †Mining and quarrying included in manufacturing industries. ‡Repair services included in manufacturing industries. §3.2 per cent. in 1976. Apart from the United Kingdom, 1975 is the latest year for which figures are available. Comparable figures for years before 1964 are not readily available. No figures are available for the Irish Republic and the Federal Republic of Germany. The quarterly information required is not available from the Quarterly National Accounts Bulletin, except in respect of the United Kingdom.
The percentages are given in the table in terms of gross domestic product; to convert the data provided in OECD publications to a gross national product basis would require a disproportionate, use of resources.