§ Mr. MeacherTo ask the Chancellor of the Exchequer if he will state for each year since 1962(a) the visible trade balance and as a percentage of gross national product, and (b) the balance of payments and as a percentage of gross national product.
§ Mr. MellorFollowing is the information:
Visible balance1 Current balance £ billion As percentage of GNP £ billion As percentage of GNP 1962 -0.1 -0.4 +0.1 +0.6 1963 -0.1 -0.4 +0.1 +0.4 align="right"1964 -0.5 -1.8 -0.4 -1.2 1965 -0.3 -0.8 -0.1 -0.2 1966 -0.1 -0.3 +0.1 +0.4 1967 -0.6 -1.7 -0.3 -0.8 1968 -0.7 -1.9 -0.3 -0.7 1969 -0.2 -0.5 +0.5 +1.2 1970 nil nil +0.8 +1.8 1971 +0.2 +0.4 +1.1 +2.2 1972 -0.7 -1.3 +0.2 +0.4 1973 -2.6 -3.8 -1.0 -1.5 1974 -5.2 -6.8 -3.2 -4.1 1975 -3.3 -3.4 -1.5 -1.6 1976 -4.0 -3.5 -0.8 -0.7 1977 -2.3 -1.8 +0.1 nil 1978 -1.6 -1.1 +1.1 +0.7 1979 -3.3 -1.9 -0.5 -0.3 1980 +1.4 +0.7 +2.8 +1.4 1981 +3.3 +1.5 +6.7 +3.1 1982 +1.9 +0.8 +4.6 +1.9 1983 -1.5 -0.6 +3.8 +1.4 1984 -5.3 -1.9 +1.8 +0.6 1985 -3.3 -1.1 +2.9 +0.9 1986 -9.6 -2.9 +0.2 +0.1 1987 -11.6 -3.2 -4.2 -1.1 1988 -21.6 -5.4 -15.5 -3.9 1989 -24.6 -5.6 -20.4 -4.6 1990 -18.7 -3.9 -15.2 -3.2 1991 -10.0 — -5.8 — 1Balance of payments basis.