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Manufacturing Industry

Volume 978: debated on Wednesday 13 February 1980

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asked the Secretary of State for Industry what is the current investment per employee in manufacturing industry at current exchange rates in the United Kingdom, the Federal Republic of Germany, the United States of America, the Netherlands, Italy, the Republic of Ireland, France and Belgium.

Exchange rates do not necessarily reflect the purchasing power of national currencies in terms of the goods and services available in the countries being compared. The use of purchasing power parities rather than exchange rates would considerably reduce the investment per head figures for all countries except the United Kingdom and Ireland.

The investment figures are on the basis of ownership, the usual basis, and so do not include assets leased to manufacturers from outside their industry. The extent of leasing will vary in different countries and between different years:

Gross fixed capital formation at current prices (converted

by the exchange rates of 1976 and 1977 respectively)per head of employment, in manufacturing

industry

£
19761977
United Kingdom537651
Federal Republic of Germany1,075n.a.
United States of America1,7552,074
Netherlands*1,6822,218
Italyn.a.n.a.
Ireland907n.a.
France†1,6891,815
Belgium1,2381,305
n.a.=not available
* The figures given include the petroleum and natural gas industries and are

'per man year' not 'per head'.

†Covers manufacturing, mining and quarrying, electricity, gas and

water.

Source:

National Accounts of OECD countries 1960–77 vol II: on the basis of the

United Nations' present System of National Accounts (SNA) except for Belgium which is on

the former SNA.

Labour Force Statistics 1966–77 OECD.