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Mr. Meacher
To ask the Chancellor of the Exchequer if he will state for each year since 1962 (a) the visible trade balance and as a percentage of gross national product, and (b) the balance of payments and as a percentage of gross national product.
Mr. Mellor
Following is the information:
| Visible balance1 | Current balance | |||
| £ billion | As percentage of GNP | £ billion | As percentage of GNP | |
| 1962 | -0·1 | -0·4 | +0·1 | +0·6 |
| 1963 | -0·1 | -0·4 | +0·1 | +0·4 |
| align="right"1964 | -0·5 | -1·8 | -0·4 | -1·2 |
| 1965 | -0·3 | -0·8 | -0·1 | -0·2 |
| 1966 | -0·1 | -0·3 | +0·1 | +0·4 |
| 1967 | -0·6 | -1·7 | -0·3 | -0·8 |
| 1968 | -0·7 | -1·9 | -0·3 | -0·7 |
| 1969 | -0·2 | -0·5 | +0·5 | +1·2 |
| 1970 | nil | nil | +0·8 | +1·8 |
| 1971 | +0·2 | +0·4 | +1·1 | +2·2 |
| 1972 | -0·7 | -1·3 | +0·2 | +0·4 |
| 1973 | -2·6 | -3·8 | -1·0 | -1·5 |
| 1974 | -5·2 | -6·8 | -3·2 | -4·1 |
| 1975 | -3·3 | -3·4 | -1·5 | -1·6 |
| 1976 | -4·0 | -3·5 | -0·8 | -0·7 |
| 1977 | -2·3 | -1·8 | +0·1 | nil |
| 1978 | -1·6 | -1·1 | +1·1 | +0·7 |
| 1979 | -3·3 | -1·9 | -0·5 | -0·3 |
| 1980 | +1·4 | +0·7 | +2·8 | +1·4 |
| 1981 | +3·3 | +1·5 | +6·7 | +3·1 |
| 1982 | +1·9 | +0·8 | +4·6 | +1·9 |
| 1983 | -1·5 | -0·6 | +3·8 | +1·4 |
| 1984 | -5·3 | -1·9 | +1·8 | +0·6 |
| 1985 | -3·3 | -1·1 | +2·9 | +0·9 |
| 1986 | -9·6 | -2·9 | +0·2 | +0·1 |
| 1987 | -11·6 | -3·2 | -4·2 | -1·1 |
| 1988 | -21·6 | -5·4 | -15·5 | -3·9 |
| 1989 | -24·6 | -5·6 | -20·4 | -4·6 |
| 1990 | -18·7 | -3·9 | -15·2 | -3·2 |
| 1991 | -10·0 | — | -5·8 | — |
| 1Balance of payments basis. | ||||