HC Deb 07 June 1995 vol 261 cc245-6W
Mr. Austin Mitchell

To ask the President of the Board of Trade if he will bring up to the present date the information contained in the answer of 19 December 1980,Official Report, column 361, comparing the rise in consumer prices and export prices in Japan and the United Kingdom from 1952 to 1979; and if he will list the corresponding figures for the average annual rate of growth of GDP for each of the last 30 years. [27127]

Mr. Needham

The information is in the table:

UK and Japan—changes in consumer and export prices 1952 to 1993
Percentage change 1952–93
Consumer prices Export unit values1
United Kingdom 1,243 795
Japan 553 11
1 In terms of US dollars. Comparable figures in terms of national currencies are not readily available.

United Kingdom and Japan—growth of real GDP 1964 to 1994
Per cent.
UK Japan
1964 5.4 11.7
1965 2.9 5.8
1966 1.9 10.6
1967 2.3 11.1
1968 4.4 12.9
1969 2.4 12.5
1970 2.1 10.7
1971 1.6 4.3
1972 2.8 8.2
1973 7.6 7.6
1974 -1.5 -0.6
1975 -0.7 2.9
1976 2.7 4.2
1977 2.6 4.7
1978 2.7 4.9
1979 2.7 5.5
1980 -2.0 3.6
1981 -1.2 3.6
1982 1.8 3.2
1983 3.7 2.7
1984 2.0 4.3
1985 4.0 5.0
1986 4.0 2.6
1987 4.6 4.1
1988 5.0 6.2
1989 2.2 4.7
1990 0.6 4.8

United Kingdom and Japan—growth of real GDP 1964 to 1994
Per cent.
UK Japan
1991 -2.1 4.3
1992 -0.5 1.1
1993 2.2 0.1
1994 3.9 1.0

Source:

IMF International Financial Statistics.

OECD Main Economic Indicators.

OECD Economic Outlook.

OECD Annual National Accounts Vol. 1.

CSO.

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