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Gross Domestic Product

Volume 114: debated on Thursday 9 April 1987

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asked the Secretary of State for Trade and Industry what was the rate of growth in London's gross domestic product during 1985; and what was the last year for which figures are available when a greater rate of growth was recorded.

Regional gross domestic product data are available only in current price terms; constant price data are not available. Therefore, the figures quoted make no allowance for inflation.

Greater London's GDP in 1985 was nearly 12 per cent. higher than in 1984. The last year when a greater rate of growth was recorded was in 1980. For further information see the article "Regional accounts, 1985" Economic Trends November 1986, a copy of which is available in the House of Commons Library.