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Lord Lamont of Lerwick
asked Her Majesty's Government:What is the ratio of non-Euroland trade to gross domestic product; and how this ratio compares with each Eurozone country's ratio of non-Euroland trade. [HL1037]
Lord Sainsbury of Turville
Information on the UK and each Eurozone country's trade in goods with non-Eurozone countries as a percentage of gross domestic product is given in the following table:
| UK & Eurozone countries' trade in goods with non-Eurozone countries as a percentage of gross domestic product—1999 | |||
| Exports as % of GDP | Imports as % of GDP | Total trade as % of GDP | |
| UK | 8.6 | 11.3 | 19.9 |
| Austria | 13.4 | 12.1 | 25.5 |
| Belgium | 26.5 | 26.9 | 53.4 |
| Finland | 21.1 | 16.0 | 37.1 |
| France | 10.2 | 9.7 | 20.0 |
| Germany | 14.3 | 12.6 | 26.9 |
| Ireland | 45.0 | 39.1 | 84.1 |
| Italy | 10.8 | 9.1 | 19.9 |
| Luxembourg | 10.1 | 10.7 | 20.9 |
| Netherlands | 19.2 | 25.7 | 44.9 |
| Portugal | 7.4 | 11.2 | 18.6 |
| Spain | 7.3 | 10.3 | 17.6 |
Note: Total trade equals exports plus imports
Source: OECD Series A
OECD Main Economic Indicators