§ Lord Lawson of Blabyasked Her Majesty's Government:
32WAWhether for each year from 1950 to 1995 inclusive they will state the national debt as a percentage of GDP.
§ Lord Mackay of ArdbrecknishThe information requested is shown in the table.
National Debt as a percentage of GDP Year 1950 203.2 1951 180.7 1952 167.3 1953 156.9 1954 151.3 1955 143.6 1956 134.9 1957 127.2 1958 122.2 1959 117.5 1960 110.5 1961 106.2 1962 102.6 1963 101.6 1964 94.0 1965 87.4 1966 84.3 1967 81.6 1968 81.5 1969 74.7 1970 66.8 1971 60.6 1972 58.3 1973 52.0 1974 50.8 1975 46.6 1976 47.9 1977 48.5 1978 49.5 1979 46.8 1980 43.1 1981 46.2 1982 44.1 1983 43.7 1984 45.4 1985 46.1 1986 46.1 1987 45.9 1988 43.9 1989 38.8 1990 36.7 1991 37.9 1992 36.3 1993 40.1 1994 46.6 1995 501 NB: Debt figures are for end-March. GDP figures are for year centred on end-March. National Debt comprises the total liabilities of the National Loans Fund. This total excludes accrued interest on national savings, Consolidated Fund liabilities, liabilities of other central government funds, and other contingent liabilities and guaranteed debt.