HL Deb 16 March 2001 vol 623 cc118-9WA
Lord Lamont of Lerwick

asked Her Majesty's Government:

What is the ratio of non-Euroland trade to gross domestic product; and how this ratio compares with each Eurozone country's ratio of non-Euroland trade. [HL1037]

Lord Sainsbury of Turville

Information on the UK and each Eurozone country's trade in goods with non-Eurozone countries as a percentage of gross domestic product is given in the following table:

UK & Eurozone countries' trade in goods with non-Eurozone countries as a percentage of gross domestic product—1999
Exports as % of GDP Imports as % of GDP Total trade as % of GDP
UK 8.6 11.3 19.9
Austria 13.4 12.1 25.5
Belgium 26.5 26.9 53.4
Finland 21.1 16.0 37.1
France 10.2 9.7 20.0
Germany 14.3 12.6 26.9
Ireland 45.0 39.1 84.1
Italy 10.8 9.1 19.9
Luxembourg 10.1 10.7 20.9
Netherlands 19.2 25.7 44.9
Portugal 7.4 11.2 18.6
Spain 7.3 10.3 17.6

NoteTotal trade equals exports plus imports

SourceOECD Series A

OECD Main Economic Indicators