Gross Domestic Product for Scotland for the first quarter of 2012
Scotland’s Chief Statistician today announced the release of Gross Domestic Product for Quarter 1 2012.
This quarterly publication measures growth, in real terms, of Gross Domestic Product at Basic Prices, also known as Gross Value Added, for Scotland.
The main findings are:
- GDP fell by 0.1 per cent during the first quarter of 2012. On an annual basis, comparing the latest four quarters to the previous four quarters (4Q on 4Q basis), it grew by 0.2 per cent.
- During the first quarter of 2012 there was growth of 0.2 per cent in the Services sector, Production sector output grew by 1.2 per cent and Construction sector output fell by 6.9 per cent.
- On an annual basis (4Q on 4Q) output in the Services sector has grown by 0.6 per cent, the production sector has grown by 1.8 per cent and the Construction sector fell by 7.3 per cent.
NOTES FOR NEWS EDITORS
1. The full statistical publication.
2. Further information on Economy statistics within Scotland.
3. Official statistics are produced by professionally independent statistical staff – more information on the standards of official statistics in Scotland.