This item was published during the term of a previous administration that ended in April 2007
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Latest GDP figures show rise in 2004
27/04/2005
Gross Domestic Product in Scotland rose by 1.9 per cent
over the year 2004 and by 0.6 per cent in the fourth
quarter of 2004 according to provisional estimates released
today by the Executive.
The main findings of the latest figures are:
- GDP rose by 1.9 per cent over the year 2004 and by
0.6 per cent in the fourth quarter of 2004 (seasonally
adjusted)
- Over the year 2004, annual output in the Scottish
service sector grew by 1.9 per cent, compared with a
0.1 per cent decrease in the production sector and a
7.3 per cent rise in construction
- In the fourth quarter of 2004, the service sector
grew by 0.6 per cent, the production sector rose by 0.3
per cent and the construction sector by 0.7 per
cent
- The service sector was the main driver of growth in
the latest quarter. Over the year, the service and
construction sectors were the main sources of
growth
UK Figures:
- The UK figures show that GDP rose by 3.1 per cent
over the year 2004 and by 0.7 per cent over the latest
quarter
- Over the year 2004, the UK experienced a 4.1 per
cent growth in services, a 0.4 per cent growth in
production and 3.7 per cent growth in construction
Industry Analysis:
- Output in the manufacturing sector grew by 0.8 per
cent in the latest quarter. Over the year, the sector
showed no change
- Within manufacturing, the main sectors driving the
quarterly increase were chemicals (3.2 per cent),
transport equipment (3.5 per cent), mechanical
engineering (2.7 per cent) and metals (1.3 per
cent)
- Over the latest quarter, the service sector grew by
0.6 per cent. Within this sector the main drivers of
the quarterly increase were transport, storage &
communication (2.5 per cent), retail & wholesale
(0.9 per cent) other services (1.5 per cent) and hotels
& catering (1.7 per cent)