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Quarterly National Accounts Scotland, 2015 Q3

Published: 10 Feb 2016 09:30
Part of:
Statistics

A National Statistics Publication for Scotland.

The latest publication of Quarterly National Accounts Scotland statistics was announced today by Scotland's Chief Statistician. This release includes results for GDP and its components, household income and expenditure, and public sector revenues up to the third quarter of 2015 (July-September).

Key statistics in the latest release are:

  • During the twelve months to September 2015, onshore Scottish Gross Domestic Product (GDP) is estimated at £142 billion in total, or £26,400 per person.
  • Including a population share of UK extra-regio (offshore) economic activity, Scottish GDP is estimated at £143 billion in total, or £26,700 per person.
  • Including a geographical share of extra-regio (offshore) activity, Scottish GDP is estimated at £153 billion in total, or £28,500 per person.
  • Over the last year, Household Final Consumption Expenditure increased by 3.4% in current prices (not adjusted for inflation) compared to the third quarter of 2014.
  • Gross Disposable Household Income increased by 2.3% compared to the third quarter of 2014, in current prices (not adjusted for inflation).
  • When spending increases more quickly than income, it indicates that households have been saving less or borrowing more during the period. This is reflected in the Household Savings Ratio, which is 5.8% in the latest quarter, down from 8.4% a year ago.

Notes to editors

The full statistics publication, including quarterly results back to 1998, is available at: http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/QNA2015Q3

Quarterly National Accounts Scotland (QNAS) provides users with a range of macroeconomic statistics for Scotland, including Gross Domestic Product (GDP) of the onshore economy measured using output, income and expenditure approaches, estimates of UK extra-regio (offshore) activities attributable to Scotland, household sector income and expenditure accounts, and public sector revenues.

Further information on Scottish economic statistics is available at http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy

The figures released today were produced in accordance with professional standards set out in the Code of Practice for Official Statistics. More information on the standards of official statistics in Scotland can be accessed at: http://www.scotland.gov.uk/Topics/Statistics/About