Publication - Research and analysis
Scottish economic bulletin: January 2025
Provides a summary of latest key economic statistics, forecasts and analysis on the Scottish economy.
Data and Forecasts Summary
| Indicator | Latest Data | Next Release | Timeseries | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |||
| GDP (3-month rolling %) | 0% (October) | 29 January | 0.9 | 0.4 | 0.3 | 0.1 | 0.3 | 0.0 | ||
| Unemployment (%) | 3.6% (Aug-Oct) | 21 January | 4.9 | 4.4 | 4.3 | 4.0 | 3.4 | 3.6 | ||
| Real Earnings (YoY %) | 4.6% (November) | 21 January | 4.2 | 3.5 | 3.7 | 3.4 | 3.8 | 5.0 | 4.6 | |
| Inflation Rate (CPI YoY %) | 2.6% (November) | 15 January | 2.0 | 2.0 | 2.2 | 2.2 | 1.7 | 2.3 | 2.6 | |
| BoE Base Rate (%) | 4.75% (December) | 6 February | 5.25 | 5.25 | 5.25 | 5.00 | 5.00 | 5.00 | 4.75 | 4.75 |
| Consumer Sentiment (Index) | -7.3 (November) | 29 January | 3.5 | 4.4 | 5.5 | 0.9 | -6.9 | -5.1 | -7.3 | |
Indicator |
Organisation |
Date of Forecast |
2024 |
2025 |
2026 |
2027 |
|---|---|---|---|---|---|---|
GDP (YoY %) |
SFC |
December 2024 |
1.0 |
1.5 |
1.6 |
1.4 |
Unemployment (%) |
SFC |
December 2024 |
3.8 |
3.9 |
3.9 |
4.0 |
Nominal Average Earnings (YoY %) |
SFC |
December 2024 |
3.5 |
4.6 |
2.7 |
2.9 |
Inflation (4Q rate in Q4) |
BoE |
November 2024 |
2.4 |
2.7 |
2.2 |
1.8 |
Contact
Email: economic.statistics@gov.scot
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