Publication - Statistics

GDP Monthly Estimate: February 2023

Gross Domestic Product (GDP) statistics measure changes in the output of the economy. This is an experimental statistics publication for Scotland.

Main Findings

Scotland’s onshore GDP is estimated to have grown by 0.2% in February. This follows growth of 0.7% in January (revised down from 0.9%) and a fall of 0.5% in December (revised up from 0.8%).
Output in the services sector, which accounts for around three quarters of the economy, is estimated to have increased by 0.4% in February. At the broad level, output in consumer facing services grew by 1.3%, while health, education and public services output grew by 0.8%, and output in all other services contracted by 0.1%.
Overall output in the non-service sector (comprising production, construction and agriculture) contracted by 0.3% compared to the previous month.
In the three months to February, GDP is estimated to have grown by 0.4% compared to the previous three month period. This is an improvement during the first quarter so far relative to the growth of 0.2% in 2022 Quarter 4 (October to December). Further information on quarterly GDP can be found in the Quarterly National Accounts for 2022 Quarter 4.