§ Mr. Wareingasked the Secretary of State for Trade and Industry what he expects the United Kingdom's balance of payments on current account to be during 1987; and if he will make a statement.
§ Mr. Alan ClarkEconomic prospects for 1987 will be outlined in the Chancellor of the Exchequer's autumn statement later this year.
899W
Indices of industrial production1 1980 = 100. United Kingdom Federal Republic of Germany France Italy United States Japan 1975 107 84 87 72 69 63 1976 103 88 92 76 72 69 1977 103 90 90 79 81 73 1978 109 92 94 83 91 79 1979 107 96 98 91 99 90 1980 100 100 100 100 100 100 1981 86 100 107 96 105 102 1982 87 98 102 88 94 101 1983 88 99 97 87 96 100 1984 96 101 95 90 115 121 1985 106 n/a 96 99 119 135 1985 Q1 110 100 89 98 116 128 Q2 105 107 96 105 119 131 Q3 100 n/a 86 85 124 140 Q4 110 n/a 114 107 116 142 1986 Q1 111 n/a n/a 104 116 n/a 1 Group 382 of the International Standard Industrial Classification. n/a = not readily available.
Source: OECD.
Value of exports1 US $ Billion. United Kingdom Federal Republic of Germany France Italy United States Japan 1975 9.4 20.3 7.4 6.0 20.9 6.7 1976 9.1 22.3 7.9 6.0 22.0 7.7 1977 10.6 25.3 8.7 7.4 22.2 10.1 1978 12.6 29.6 10.6 8.9 26.3 14.3 1979 15.1 33.7 12.5 10.9 31.9 15.0 1980 19.5 36.2 13.8 13.8 40.4 18.2 1981 16.8 32.1 125 12.7 45.8 22.6 1982 16.0 31.7 11.5 12.2 42.5 20.3 1983 13.4 30.1 11.3 12.4 37.1 23.1 1984 14.5 30.1 11.0 12.1 41.0 27.9 1985 217.3 n/a n/a n/a n/a n/a 1 Standard International Trade Classification (rev. I) section 71 (Machinery other than Electrical Machinery). 2 Figure relates to sections 71 to 75 of the Standard International Trade Classification (rev. 2). The equivalent figure for 1984 was $15.4 billion. n/a = not readily available.
Source: OECD and UK Overseas Trade Statistics.