GDP Monthly Estimate: November 2024

Scotland’s onshore GDP is estimated to have contracted by 0.5% in November. This follows revised contraction of 0.4% in October (revised from -0.2%).

In the three months to November, GDP is estimated to have contracted by 0.3% compared to the previous three month period. This indicates a fall in quarterly growth after revised growth of 0.4% (revised from 0.3%) in 2024 Quarter 3 (July to September).

In November the largest contribution to headline GDP was made by the Professional, Scientific and Technical Services sector which contracted by 3.5%, contributing -0.3 percentage points towards headline GDP.