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Gross National Product

Volume 888: debated on Wednesday 12 March 1975

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asked the Chancellor of the Exchequer what has been the percentage of capital investment, as a proportion of GNP, of Great Britain, France and Germany from each year from 1955 to 1974.

The following table shows estimates of gross fixed capital formation as a percentage of gross national product at current market prices for the United Kingdom, France and Germany. Figures for 1954 to 1961, shown in the upper part of the table, are derived from the publication "National Accounts of OECD Countries, 1953 to 1969 "and are defined in a slightly different way from those for 1960 to 1973 in the remainder of the table, which have been derived from the Statistical Office of the European Community's publication "National Accounts Aggregates, 1960-1973 ". The extent of the differences in definition is small as shown by the figures on both bases for 1960 and 1961.

Percentages of GNP
United KingdomFranceGermany
195414·416·420·7
195514·917·522·5
195615·117·922·6
195715·619·121·5
195815·418·921·8
195915·720·323·1
196016·320·224·0
196117·121·525·3
196016·319·024·2
196117·220·225·5
196216·820·426·3
196316·420·726·0
196418·022·127·2
196518·023·626·8
196618·023·226·0
196718·523·623·3
196818·723·623·3
196918·324·024·4
197018·224·326·7
197118·024·326·9
197218·324·426·3
197319·524·425·0

asked the Chancellor of the Exchequer what was the GNP per capita in 1958 and what is the figure for the latest year for which figures are available of the following countries, namely, Great Britain, Belgium, Germany, France, Italy and the Netherlands.

The following table gives estimates of gross national product at current market prices per head of total population. Because of changes to the internationally agreed definition of gross national product it is not possible to

GROSS NATIONAL PRODUCT AT CURRENT MARKET PRICES PER HEAD OF TOTAL POPULATION
US$
1958*1960*1960†1973†
United Kingdom1,2501,3801,3703,113
Belgium1,1501,2501,2374,118‡
West Germany1,1001,3101,2875,576
France1,2901,3501,3074,786
Italy6107006912,508
Netherlands8509909704,466
*Derived from "National Accounts of OECD Countries, 1953–69 ", calculated according to the former United Nations System of National Accounts. The United Kindom figures have been updated on the same definition.
† Derived from the EEC publication "National Accounts ESA Aggregates ", calculated according to the European System of Integrated Accounts.
† 1972.

asked the Chancellor of the Exchequer what was the gross national product, for each year from 1958 to 1974, in billions of current dollars, of the United Kingdom, Germany, France and Italy ; and what has been the related percentage

GROSS NATIONAL PRODUCT AT CURRENT MARKET PRICES
$thousand million
United KingdomWest GermanyFranceItaly
195864·859·2*57·730·3
195968·160·0*55·632·4
196072·166·6*61·535·1
196072·071·459·734·7
196176·881·765·038·7
196280·689·372·643·5
196385·895·181·549·8
196493·2104·290·154·4
1965100·2114·098·058·7
1966106·6121·4105·063·5
1967110·4122·6113·269·9
1968103·9133·7124·175·5
1969110·9152·0135·383·1
1970121·7185·4141·093·0
1971136·0206·8157·3101·1
1972155·9256·3190·9118·2
1973174·4345·6249·5137·7
Average annual per cent, increase, 1958–73†:
In terms of US dollars6·812·010·510·7
In terms of national currency7·89·110·810·2
Sources:
1958–60—" National Accounts of OECD Countries 1953–69 "(OECD).
1960–73—" National Accounts ESA Aggregates "(Statistical Office of the European Community).
* Excluding the Saar and West Berlin.
† Allowing for discontinuities.

provide figures on the same basis for 1958 and 1973. Figures on both bases are also given for 1960 to show the effect of the definitional change. The estimates have been converted to US $ at par values or central rates of exchange, which do not necessarily reflect differences in the internal purchasing power of national currencies.

increase in GNP for the four countries during this period.

The following table gives the information. The figures have been converted from national currencies to United States dollars at par values or central rates of exchange. Figures for 1974 are not yet available.