Scotland’s economy grows 0.3% in 2018 Quarter 4

The Scottish economy grew by 0.3% during the fourth quarter of 2018, according to statistics announced today by Scotland’s Chief Statistician.

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland. The first estimate of Scotland’s GDP statistics, covering the period October to December 2018, shows that the economy grew by 0.3% in real terms compared to the previous quarter. Over the year compared to the fourth quarter of 2017, the Scottish economy has grown by 1.3%.

During the fourth quarter of 2018 output in the Services sector grew by 0.5%, output in Production contracted by -0.9% and output in the Construction sector grew by 0.8%.

The second estimate of Scotland’s GDP for 2018 Quarter 4 will be available in Quarterly National Accounts Scotland, published on 1 May 2019. The first estimate of Scotland’s GDP for 2019 Quarter 1 will be published on 19 June 2019.

Background

View the full statistical publication and data.

All 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.

Further information on GDP statistics.

These estimates are compiled in line with the Code of Practice for Statistics.