Gross Domestic Product (GDP)
Latest GDP Growth Figures: Scottish GDP grew 0.2% during the fourth quarter of 2013. On an annual basis, comparing the latest quarter to the same period in the previous year, Scottish GDP grew 1.7%. Calendar year growth for 2013, comparing the four quarters of 2013 with the four quarters of 2012, was 1.6%.
Scottish quarterly GDP figures are produced at basic prices, also known as Gross Value Added (GVA).
On the same basis, UK GDP grew by 0.7% in the second quarter of 2013, and grew at an annual rate of 2.7%. Calendar year growth for the UK was 1.7%.
Latest Quarterly GDP Statistics
next update: 16 July 2014
GDP in Nominal (Cash) Terms: Scottish Gross Domestic Product in 2013 (excluding extra-regio)¹ was £129 billion.
Including a population share of UK extra-regio activity, GDP in 2012 was £131 billion.
Including the share of UK extra-regio activity occuring offshore from Scotland, GDP in 2012 was £148 billion.
Latest Quarterly National Accounts Publication (experimental²)
next update: May 2014
1 - Activities on the continental shelf are not classified as occuring in any particular nation or region of the UK, but are counted as being extra-regio in official statistics. Figures are provided to illustrate the impact of attributing a share of extra-regio activity to Scotland.
2 - Quarterly National Accounts is currently classed as experimental statistics. These are defined in the Code of Practice for Official Statistics as new official statistics undergoing evaluation. They are published in order to involve users and stakeholders in their development and as a means to build in quality at an early stage.