HC Deb 15 January 1997 vol 288 cc281-3W
Mr. Meacher

To ask the Chancellor of the Exchequer what has been the level of United Kingdom gross domestic product for each year since 1970 at(a) current prices and (b) 1996–97 prices; and what was the percentage annual change each year at constant 1996–97 prices. [10758]

Gross national and domestic product1
£ million
At current prices At 1990 prices
At market prices At factor cost
Gross domestic product "Money GDP" Net property income from abroad Gross national product less Factor cost adjustment2 Gross domestic product3 Gross national product4 Gross domestic product at market prices less factor cost adjustment5 Gross domestic product at factor cost
CAOB AIMD GIBF DIAA CAOM GIBD CA00 DIAS CAOP
1988 471,430 4,566 475,996 70,002 401,428 405,994 537,215 71,469 465,746
1989 515,957 3,502 519,459 74,198 441,759 445,261 548,940 72,712 476,228
1990 551,118 1,269 552,387 72,232 478,886 480,155 551,118 72,232 478,886
1991 575,674 150 575,824 79,421 496,253 496,403 540,308 71,395 468,913
1992 598,916 3,124 602,040 80,784 518,132 521,256 537,448 70,992 466,456
1993 631,158 2,197 633,355 83,133 548,025 550,222 548,947 71,822 477,125
1994 668,255 8,691 676,946 89,078 579,177 587,868 570,290 73,913 496,377
1995 700,890 9,572 710,462 96,631 604,259 613,831 584,340 75,533 508,807
Seasonally adjusted
1993
Q1 154,499 423 154,922 20,848 133,651 134,074 136,067 18,004 118,063
Q2 156,353 714 157,067 20,379 135,974 136,688 136,421 17,792 118,629
Q3 159,746 580 160,326 20,820 138,926 139,506 137,783 17,992 119,791
Q4 160,560 480 161,040 21,086 139,474 139,954 138,676 18,034 120,642
1994
Q1 163,441 2,528 165,969 21,517 141,924 144,452 140,301 18,199 122,102
Q2 165,760 2,231 167,991 22,064 143,696 145,927 142,029 18,371 123,658
Q3 168,773 2,071 170,844 22,468 146,305 148,376 143,425 18,580 124,845
Q4 170,281 1,861 172,142 23,029 147,252 149,113 144,535 18,763 125,772
1995
Q1 172,513 1,754 174,267 23,720 148,793 150,547 145,079 18,811 126,268
Q2 174,659 2,512 177,171 23,930 150,729 153,241 145,693 18,882 126,811
Q3 175,933 2,571 178,504 24,269 151,664 154,235 146,503 18,900 127,603
Q4 177,785 2,735 180,520 24,712 153,073 155,808 147,065 18,940 128,125
1996
Q1 179,559 3,039 182,598 24,957 154,602 157,641 147,668 18,986 128,682
Q2 181,808 3,654 185,462 25,267 156,541 160,195 148,472 19,090 129,382
Q3

Mrs. Angela Knight

[holding answer 13 January 1997]: The information requested falls within the responsibility of the chief executive of the Office for National Statistics. I have asked him to arrange for a reply to be given.

Letter from Tim Holt to Mr. Michael Meacher, dated 15 January 1997: The Chancellor of the Exchequer has asked me to reply as the Director of the Office for National Statistics to your recent question on the level of United Kingdom gross domestic product. The most recent estimates of gross domestic product (GDP) are published in table Al of the ONS publication United Kingdom Economic Accounts, which has annual data from 1988 to 1995. Alteratively the data are available for a longer time series on the ONS CSDB database. Both are available through the House of Commons Library. The ONS does not estimate at 1996–97 prices, however GDP data are available at 1990 constant prices. These are also available in the United Kingdom Economic Accounts publication or via the CSDB database.

Gross national and domestic product1
£ million
At current prices At 1990 prices
At market prices At factor cost
Gross domestic product "Money GDP" Net property income from abroad Gross national product less Factor cost adjustment2 Gross domestic product3 Gross national product4 Gross domestic product at market prices less factor cost adjustment5 Gross domestic product at factor cost
Percentage change, latest year on previous year
1995 4.9 5.0 8.5 4.3 4.4 2.5 2.2 2.5
Percentage change, latest quarter on previous quarter
1996
Q2 1.3 1.6 1.2 1.3 1.6 0.5 0.5 0.5
Percentage change, latest quarter on corresponding quarter of previous year
1996
Q2 4.1 4.7 5.6 3.9 4.5 1.9 1.1 2.0
1 Estimates are given to the nearest £ million and in case of indices to one decimal place but cannot be regarded as accurate to this degree. Estimates at current market prices are affected by the abolition of domestic rates and the introduction of the community charge.
2 Equals taxes on expenditure less subsidies.
3 The factor cost estimate of GDP is obtained from the market price estimate by subtracting the factor cost adjustment.
4 Gross national product equals Gross domestic product plus Net property income from abroad.
5 Represents Taxes on expenditure less Subsidies both valued at 1990 prices.

Data in this table update those contained in ONS Blue Book table 1.1.

Some additional quarterly data are available on the ONS's Databank. These data can also be provided on paper—for details see notes on additional data.