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Scotland’s economy grows 0.5% in 2018 Quarter 2

Published: 19 Sep 2018 09:30
Part of:
Economy, Statistics

A National Statistics Publication for Scotland.

The Scottish economy grew by 0.5% during the second quarter of 2018, according to statistics announced today by Scotland’s Chief Statistician.

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland. The first estimate of Scotland’s GDP statistics, covering the period April to June 2018, show that the economy grew by 0.5% in real terms compared to the previous quarter. Over the year compared to the second quarter of 2017, the Scottish economy has grown by 1.7%.

During the first quarter of 2018 output in the Services sector grew by 0.4%, output in Production grew by 0.6% and output in the Construction sector grew by 1.8%.

This is the first quarter for which a first and second estimate of Scotland’s GDP will be published and is the quickest that Scottish GDP has ever been published. The second estimate of Scotland’s GDP will be available in Quarterly National Accounts Scotland, published on 31 October 2018.

Background

The full statistical publication and data are available at: http://www.gov.scot/Topics/Statistics/Browse/Economy/PubGDP/GDP2018Q2

All results are seasonally adjusted and presented in real terms (adjusted to remove inflation). GDP growth in this publication relates to Scotland’s onshore economy, which means it does not include the output of offshore oil and gas extraction.

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

These estimates are compiled in line with the Code of Practice for Official Statistics – more information on the standards of official statistics in Scotland can be accessed at: http://www.gov.scot/Topics/Statistics/About