Skip to main content

Trade Statistics

Volume 198: debated on Tuesday 12 November 1991

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer if he will publish a table showing the figures for the volume of gross domestic product and of United Kingdom exports of goods and services as shown in tables 25 and 29 of part 6 of the OECD National Accounts 1960–1989, less oil and gas.

The estimates given in tables 25 and 29 of the OECD: publication cannot be readily adapted to remove oil and gas. Series can, however, be derived from data available here in the UK.

Gross domestic product at constant factor cost excluding the contribution of the oil and gas extraction industry given in the usual index number formal (1985 = 100):
Year
196060·9
196162·2
196263·2

Year

196365·4
196469·6
196571·6
196673·0
196774·4
196877·7
196979·4
197080·9
197182·4
197285·4
197390·7
197489·9
197588·6
197690·0
197791·6
197894·3
197996·0
198093·1
198191·0
198291·9
198394·3
198496·6
1985100·0
1986103·5
1987108·7
1988114·2
1989118·1
1990119·2

The volume of exports of oil and oil products at 1985 prices is available from 1983 on the Central Statistical Office's database as series BOWX and exports of goods and services at 1985 prices is available as series DJCV. From these series it is possible to calculate an index of goods and services less oil on UK definitions.

To ask the Chancellor of the Exchequer whether he will publish a table showing for EC countries, the United States of America and Japan for 1970 to 1973, 1973 to 1979, 1979 to 1989 and 1985 to 1989, the percentage increase in (i) gross domestic product less oil and gas, (ii) manufacturing output, (iii) real incomes as well as the increase in the number of, (iv) employed and (v) unemployed persons, together with the balance of trade in manufactures as a percentage of gross domestic product together with a table showing the increase in gross domestic product and manufacturing output in per capita terms.

Such information as is readily available on comparable bases can be obtained from the following international publications:(i) gross domestic product less oil and gasTable R1 in "National Accounts ESA Aggregates 1970–1989 Theme 2 Series C" published by Eurostat gives annual growth rates for gross domestic product at market prices. Data on a comparable basis are not available for gross domestic product excluding oil and gas;(ii) manufacturing outputPage 16 of the US Department of Labour publication "International comparisons of manufacturing productivity and unit labour cost trends 1990".(iii) real incomesInformation on compensation of employees which includes all payments in cash and in kind made by employers in remuneration for the work done by their employees is given in Table J in "National Accounts ESA Aggregates 1970–1989 Theme 2 Series C" published by Eurostat;(iv) employment

Information on occupied population is given in Table O in "National Accounts ESA Aggregates 1970–1989 Theme 2 Series C" published by Eurostat;

(v) unemployed persons

Separate tables are given for each country in "Main Economic Indicators Historical Statistics 1969–1988" published by OECD. Later data are available in the monthly "Main Economic Indicators" also published by OECD;

(vi) balance of trade in manufactures as a percentage of gross domestic product

The balance of trade in manufactures can be calculated from data in "Foreign Trade by Commodities: Series C" published by OECD and gross domestic product can be obtained from Table 1 for each country in "National Accounts ESA Aggregates 1970–1989 Theme 2 Series C" published by Eurostat;

(vii) gross domestic product per capita

Information on gross domestic product at market prices per head of total population can be found in Table B2 in "National Accounts ESA Aggregates 1979–1989 Theme 2 Series C" published by Eurostat;

(viii) manufacturing output per head

Page 15 of the US Department of Labour publication "International comparisons of manufacturing productivity and unit labour cost trends 1990".

Copies of all these publications are available in the Library of the House.

To ask the Chancellor of the Exchequer if he will list the changes made since October 1989 in the way trade figures have been collected, analysed or presented.

[holding answer 7 November 1991]: Following are the main changes:

  • (a)Adjustments to statistics of oil exports. Since October 1989 better methods have been used to measure direct exports of crude oil from offshore fields, including adjustments for any such trade reported late to Customs and Excise.
  • (b)Improved seasonal adjustments. Since January 1990 seasonal factors for the current month and the preceding month have been estimated afresh each month using all the latest available information. This replaced the previous method of calculating factors at the beginning of each year for all of the following twelve months.
  • (c)Progressive development of detailed methodology. Various small refinements have been made to the statistics, such as more elaborate adjustments for differences in the length of a month and improved deflators for some high-value commodities.