GDP and Quarterly National Accounts for 2019 Quarter 1

Scotland’s GDP growth is now estimated at 0.6% during the first quarter of 2019, according to statistics announced today by Scotland’s Chief Statistician. Growth in the latest quarter has been revised up from the first estimate of 0.5% published on 19 June.

The GDP Quarterly National Accounts publication includes the second estimate of growth for the January to March period. This uses data which has been released since the first estimate was published. The Quarterly National Accounts also include a range of other statistics which are used for economic analysis, forecasting and modelling.

As reported in the first estimate, the largest single contribution to growth was from the manufacturing sector, with total output increasing by 2.3%. Output in construction increased by 0.4%, and output in the services sector increased by 0.2% in the quarter.

Background

The full statistical publication and data are available at: http://www2.gov.scot/Topics/Statistics/Browse/Economy/QNA2019Q1

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland. Two estimates of Scotland’s GDP growth are published each quarter. The first estimate for 2019 Quarter 2 (April-June) will be published on 18 September.

All headline results are seasonally adjusted and presented in real terms (adjusted to remove inflation). GDP growth in this publication relates to Scotland’s onshore economy, which means it does not include the output of offshore oil and gas extraction. The cash value of Scotland’s GDP including offshore activities is also available in the publication.

Further information on Scottish economic statistics is available at http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy

These estimates are compiled in line with the Code of Practice for Official Statistics – more information on the standards of official statistics in Scotland can be accessed at: http://www.scotland.gov.uk/Topics/Statistics/About