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Gross Domestic Product

Volume 13: debated on Monday 16 November 1981

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asked the Chancellor of the Exchequer if there has been any significant change in the last decade in the proportion of gross domestic product taken up by wages and salaries.

The proportion of gross domestic product taken up by wages and salaries varies according to the stage in the economic cycle. In each of the years 1970 to 1980 it was as follows:

Per cent.*
197061·5
197160·4
197259·4
197358·7
197461·1
197562·9
197660·2
197758·0
197857·5
197958·3
198059·9
* Proportion of income based measure of gross domestic product at factor cost. Wages and salaries exclude the pay of Her Majesty's Forces..

Source: National Income and Expenditure 1981 Edition Tables 1.2 and 4.1.