Publication - Statistics

GDP Monthly Estimate: March 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 remained flat (0.0% change) in March. This follows growth of 0.3% in February (revised up from 0.2%) and a growth of 0.5% in January (revised down from 0.7%).
Output in the services sector, which accounts for around three quarters of the economy, is estimated to have contracted by 0.1% in March. At the broad level, output in consumer facing services grew by 0.5%, while health, education and public services output contracted by 0.2%.
In the three months to March, GDP is estimated to have grown by 0.4% compared to the previous three month period. This is an improvement compared to the growth of 0.2% in 2022 Quarter 4 (October to December). Further information on quarterly GDP can be found in the First Estimate of GDP for 2023 Quarter 1.

March GDP Tables

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