Publication - Statistics
GDP first quarterly estimate: 2022 Quarter 3 (July to September)
Gross Domestic Product (GDP) statistics measure the output of the economy in Scotland. The GDP first quarterly estimate is a national statistics publication for Scotland.
Headline Results
- Scotland’s GDP fell by 0.2% in real terms during the third quarter of 2022 and is still 1.1% below pre-pandemic levels (2019 Q4). Over the same period, GDP in the UK as a whole fell by 0.2% and is now 0.4% below pre-pandemic levels.
- Compared to the same quarter last year, Scotland’s GDP grew by 2.9%. Over the same period, the UK as a whole grew by 2.4%.
- The largest contribution to change this quarter came from the growth in business services and finances, offset by a fall in electricity and gas supply.
What’s in the first quarterly estimate of GDP?
The first quarterly estimate of GDP covers the output approach to GDP and reports on:
- Real terms – results have been seasonally adjusted and had the effect of price changes removed to allow for meaningful comparisons over time
- Onshore economy – figures do not include the output of offshore oil and gas extraction (which is included in the headline UK figures)
- Revisions – There are no revisions to previous quarters in this release. The GDP Quarterly National Accounts, published on 1 February 2023, will include an updated second estimate of GDP for 2022 Q3 and revisions to previous quarters.
Contact
If you have any enquiries relating to Economy Statistics then please contact us at:
Email: economic.statistics@gov.scot
Post:
Office of the Chief Economic Advisor: Economic Analysis
Room 4WR
St Andrews House
Regent Road
Edinburgh
EH1 3DG
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