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Balance Of Payments

Volume 952: debated on Friday 23 June 1978

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asked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each member State of the EEC, the United States and Japan for each year since 1970 the surplus or deficit in terms of £ sterling, converted at the appropriate exchange rate, of each country's balance of payments.

The figures are as follows:of change in output per person employed in the following periods: 1964 to 1970, 1970 to 1974 to the latest date for which information is available for all current member States of the EEC, the United States and Japan.

Such compatible data as are available for the countries

OUTPUT PER HEAD OF OCCUPIED POPULATION*
Annual average rates of change (percentages)
1964–701970–741974–76
German Federal Republic+4·7+3·5+3·7
France+4·6+4·0+3·6
Italy+5·8+3·7+0·5
Netherlands+4·7+4·6+2·1
United Kingdom†+2·5+2·5+1·3
Irish Republicֵ+3·5+3·2
Belgium+4·4+3·9·0·9‡
Luxembourg+2·7+1·8·7·9‡
Denmark+3·0+2·5+2·5
United States of America+1·1+1·2+1·9
Japan+8·8+5·5+4·1
Source:SOEC National Accounts ESA 1960–76, Table A5.
* Percentages calculated from volume indices of gross domestic product based on expenditure at constant 1970 market prices and exchange rates per head of occupied population.
† Excluding private domestic staff.
‡ Percentage change 1974–75.

asked the Chancellor of the Exchequer if he will publish with 1974 as a base of 100 a table showing for each year since 1945 in the form of an annual index, output per person employed, indicating break periods caused by redefinitions of the index where appropriate.

The table below shows output per person employed in the United Kingdom in index number form resealed to 1974=100:

1945ֵ
1946ֵ
1947ֵ
194856·6
194958·6
195060·2
195160·5
195260·1
195362·2
195463·8
195565·1
195665·2
195766·5
195867·0
195969·9
196072·5
196173·1
196273·8
196376·0
196479·5
196581·0
196682·3
196784·7
196888·6
196990·5
197092·4
197195·5
197297·5
1973101·2
1974100·0

specified in the question are shown for the countries below:

197598·6
1976(1)100·3
1977(1)101·6
ֵ = not available.
— = break points caused by redefinitions.

(1) the figures shown are provisional.

Output is measured by the output-based measure of gross domestic product at constant factor cost. Persons employed include employees in employment, self-employed persons—with or without employees—and Her Majesty's Forces. Full-time and part-time workers are counted as full units.