Mr. Alan W. WilliamsTo ask the Chancellor of the Exchequer what has been the average annual rate of growth of Britain's gross domestic product(a) since the first quarter of 1990 and (b) since the first quarter of 1979. [12596]
§ Mrs. Angela KnightThe average annual rate of growth of Britain's real GDP—gross domestic product at constant factor cost—between the first quarter of 1990 and the fourth quarter of 1995 was 1.1 per cent. Between the first quarter of 1979 and the fourth quarter of 1995, the average annual rate of growth was 2 per cent.