Hansard

Gross National Product (International Comparisons)

Volume 973: debated on Friday 16 November 1979

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Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing for the principal exporting countries the annual increase in gross national product between 1952 and 1978 in the form of an index or otherwise.

Mr. Biffen

The information is given in the following tables. Estimates of gross national product at constant prices are not available for all countries, and in table 1 the figures are based on estimates of gross domestic product at constant

GROSS DOMESTIC PRODUCT AT CONSTANT MARKET PRICES
TABLE 1
Percentage increase (change over preceding year)
United StatesJapanFranceFederal Republic of GermanyItalyUnited Kingdom
1953…+4·9N.A.N.A.N.A.N.A.+4·6
1954…-2·2+5·7+4·2+7·7+3·6+3·8
1955…+6·9+8·6+4·7+12·0+6·7+3·3
1956…+2·2+7·5+5·9+7·2+4·7+1·6
1957…+1·9+7·3+6·0+5·6+5·3+1·9
1958…-0·5+5·8+2·9+3·5+4·8+0·2
1959…+6·0+9·1+3·2+7·4+6·5+4·0
1960…+2·1+13·1+7·0+8·9+6·3+4·7
1961…+2·3+14·6+5·5+5·1+8·2+3·3
1962…+5·6+7·1+6·7+4·4+6·2+0·9
1963…+4·1+10·5+5·3+3·0+5·6+3·9
1964…-5·1+13·2+4·1+6·7+2·6+5·0
1965…+6·0+5·1+4·8+5·6+3·2+2·3
1966…+6·0+10·9+5·2+2·5+5·8+2·1
1967…+2·7+12·4+4·7-0·2+7·0+2·6
1968…+4·5+14·1+4·3+6·3+6·3+4·2
1969…+2·6+12·2+7·0+7·8+5·7+1·5
1970…-0·1+11·6+5·7+6·0+5·0+2·3
1971…+2·9+5·2+5·4+3·2+1·6+2·8
1972…+5·8+9·3+5·9+3·7+3·1+2·4
1973…+5·4+10·0+5·4+4·9+6·9+8·0
1974…-1·3-0·3+3·2+0·5+4·2-1·5
1975…-1·0+1·4+0·2-2·1-3·5-1·0
1976…+5·5+6·4+5·0+5·6+5·9+3·7
1977…+4·8+5·2+2·8+2·8+2·0+1·3
1978…N.A.N.A.+3·8N.A.+2·6+3·1
Source:
United Kingdom—National Income and Expenditure 1979 Edition, adjusted to international definitions.
Other countries—National Accounts of OECD countries 1952–77 (volume I Main Aggregates) updated by later estimates given in the International Financial Statistics Yearbook 1979.
TABLE 2
GROSS NATIONAL PRODUCT AT CONSTANT MARKET PRICES
Percentage increase (change over preceding year)
United StatesJapanFederal Republic of GermanyUnited Kingdom
1975………-1·3+1·4-1·9-1·7
1976………+5·9+6·5+5·1+4·0
1977………+5·3+5·4+2·6+0·5
1978………+4·4+5·6+3·4+3·5
Source:
United Kingdom—National Income and Expenditure 1979 Edition.
Other countries—International Financial Statistics Yearbook.

prices, published by OECD and compiled according to international definitions.

For the United States, Japan and the Federal Republic of Germany, however, figures on this basis are not yet available for 1978, and figures based on gross national product at constant prices for the last few years are given in table 2 to provide a basis for comparison. Figures for the United Kingdom are included in both tables.