GDP Monthly Estimate: November 2023

Although monthly GDP has fluctuated recently, the trend in underlying quarterly GDP has been broadly flat since the end of 2021.

Scotland’s onshore GDP is estimated to have fallen by 0.1% in November. This follows contraction of 0.6% in October (revised from -0.5%) and unrevised growth of 0.1% in September.

In the three months to November, GDP is estimated to have contracted by 0.2% compared to the previous three month period. This indicates a fall in growth, relative to the increase of 0.4% in 2023 Quarter 3 (July to September).