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Gross National Product

Volume 448: debated on Tuesday 11 July 2006

To ask the Chancellor of the Exchequer what the gross national product was at (a) (i) current and (ii) constant prices, (b) factor cost and (c) market price in each year since 1976. (83454)

The information requested falls within the responsibility of the National Statistician who has been asked to reply.

Letter from Colin Mowl, dated 11 July 2006:

The National Statistician has been asked to reply to your recent Parliamentary Question requesting gross national product (GNP) annual data going back to 1976. I am replying in her absence. (83454)

Under the current system of national accounts introduced in the UK in September 1998 (based on the European System of Accounts 1995), the concept of gross national product was replaced by that of gross national income (GNI). Additionally the concept of “factor cost” is no longer used and GNI figures are only available at market prices.

Table A shows the most recent estimates for GNI in both current prices and volume terms.

Table A

£ million

GNI at current market prices

GNI at market price in chained volume terms

1976

125,872

559,951

1977

144,628

569,060

1978

167,246

596,749

1979

195,845

613,694

1980

227,681

605,507

1981

250,503

598,968

1982

273,739

610,224

1983

301,237

636,678

1984

323,907

653,341

1985

351,782

673,401

1986

380,348

695,940

1987

417,237

726,138

1988

466,638

767,067

1989

509,962

783,001

1990

550,043

786,975

1991

580,261

782,208

1992

607,849

791,794

1993

637,955

808,938

1994

681,263

845,568

1995

716,986

858,983

1996

762,853

884,595

1997

811,797

926,168

1998

869,706

971,737

1999

904,737

990,758

2000

954,004

1,028,387

2001

1,005,313

1,058,873

2002

1,069,839

1,100,663

2003

1,132,938

1,132,938

2004

1,202,075

1,172,617

2005

1,253,561

1,188,711

Note:

These figures are based on data published on 30 June 2006