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Scottish economy grows 0.2%

Published: 6 Apr 2016 09:30
Part of:
Economy, Statistics

A National Statistics Publication for Scotland.

Scottish GDP grew by 0.2% during the fourth quarter of 2015, according to statistics announced today by Scotland's Chief Statistician.

The latest Gross Domestic Product release, covering the period October to December 2015, shows that total output in the economy grew by 0.2% compared to the previous quarter.

On an annual basis, compared to the fourth quarter of 2014, GDP grew by 0.9%.

Calendar year growth for 2015, i.e. comparison of the four quarters of 2015 with the four quarters of 2014, was 1.9%.

The services sector, which accounts for nearly three quarters of the economy, grew by 0.3% during the latest period, the production sector contracted by 0.1%, and construction output expanded by 0.1%.

Notes to editors

The full statistical publication is available at http://www.gov.scot/Topics/Statistics/Browse/Economy/PubGDP/GDP2015Q4

This quarterly publication measures growth in real terms (adjusted for inflation) of Gross Domestic Product for Scotland.

Statistics in this release cover activities classified to the onshore economy in Scotland, and do not include oil and gas extraction in the North Sea.

Further information on Scottish economic statistics can be accessed at http://www.scotland.gov.uk/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.scotland.gov.uk/Topics/Statistics/About