Mr Major’s Written Parliamentary Answer on National Income – 17 February 1989

Below is the text of Mr Major’s written Parliamentary Answer on National Income on 17th February 1989.

Mr. Nigel Griffiths To ask the Chancellor of the Exchequer what is the growth in(a) non-oil national income and (b) national income including oil per head since 1979.

Mr. Major The only measure which is compiled including and excluding oil is the output-based measure of the gross domestic product (GDP). Expressed in per capita terms, this grew 14.8 per cent. between 1979 and 1987. Excluding the contribution of the extraction of mineral oil and natural gas, the growth over the same period was 12.3 per cent.