HC Deb 12 July 1983 vol 45 cc303-4W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will give, for 1979 onwards, information on the savings ratio and manufacturing output in the United Kingdom and Germany in the manner of the answer of 12 March 1980, Official Report, c. 569–70; and if he will include figures for the United States of America and Japan.

Mr. Moore

The latest available information is given in the following tables.

Saving ratio
1979 1980 1981
Net*
United Kingdom 10.1 7.8 5.7
Germany (Fed. Rep.) 13.5 12.0 10.0
United States of America 8.6 5.7 6.3
Japan 21.3 21.0 20.9
Gross†
United Kingdom 20.5 19.1 17.4
Germany (Fed. Rep.) 23.4 22.4 21.2
United States of America 20.0 18.1 18.6
Japan 31.8 31.6 31.7
* Ratio of total net saving (after deducting capital consumption) to net national disposable income.
† Ratio of total gross saving to gross national disposable income.

Source: OECD National Accounts Main Aggregates 1952–1981.

Manufacturing output Percentage change on preceding year
1979 1980 1981 1982
United Kingdom +0.3 -8.5 -6.3 -1.0
Germany (Fed. Rep) +5.4 — -1.7 -2.6
United States of America +4.7 -4.5 +2.5 -8.5
Japan +7.4 +4.8 +0.9 +0.4

Source: United Kingdom—latest estimates

Other countries—OECD Main Economic Indicators