asked the Taoiseach (a) the deficit in the balance of payments, (b) the gross national product, and (c) the balance of payments deficit expressed as a percentage of the gross national product in each year from 1948 to 1965 inclusive.
Ceisteanna—Questions. Oral Answers. - Balance of Payments.
3.
I propose, with your permission, Sir, to circulate in the Official Report a statement giving the information requested by the Deputy for each year 1948 to 1964. Corresponding data for 1965 are not yet available. It is expected, however, that the external deficit on current account in 1965 was about £45 million.
Following is the statement:
|
Year |
Balance of payments deficit |
Gross national product at current market prices |
Balance of payments deficit as percentage of gross national product |
|
(£ million) |
(£ million) |
% |
|
|
1948 |
19.6 |
365.6 |
5.4 |
|
1949 |
9.7 |
392.7 |
2.5 |
|
1950 |
30.2 |
400.2 |
7.5 |
|
1951 |
61.6 |
421.3 |
14.6 |
|
1952 |
8.9 |
479.2 |
1.9 |
|
1953 |
7.0 |
526.3 |
1.3 |
|
1954 |
5.5 |
529.3 |
1.0 |
|
1955 |
35.5 |
552.3 |
6.4 |
|
1956 |
14.4 |
560.0 |
2.6 |
|
1957 |
-9.2* |
581.4 |
-1.6* |
|
1958 |
1.0 |
599.8 |
0.2 |
|
1959 |
8.7 |
636.4 |
1.4 |
|
1960 |
0.8 |
673.3 |
0.1 |
|
1961 |
-1.2* |
722.7 |
-0.2* |
|
1962 |
13.4 |
775.9 |
1.7 |
|
1963 |
22.1 |
826 |
2.7 |
|
1964 |
31.4 |
938 |
3.3 |
*Surplus.