Gross Domestic Product (GDP)
Latest GDP Growth Figures: Scottish GDP grew 0.6% during the second quarter of 2013. On an annual basis, comparing the latest quarter to the same period in the previous year, Scottish GDP grew 1.8%.
Scottish quarterly GDP figures are produced in basic prices, also known as Gross Value Added (GVA).
On the same basis, UK GDP also grew by 0.6% in the second quarter of 2013, and grew at an annual rate of 1.3%.
Latest Quarterly GDP Statistics
next update: 15 January 2014
GDP in Cash Terms: Scottish Gross Domestic Product in 2012 (excluding extra-regio)¹ was £127 billion.
Including a population share of UK extra-regio activity, GDP in 2012 was £130 billion.
Including the share of UK extra-regio activity occuring offshore from Scotland, GDP in 2012 was £150 billion.
Latest Scottish National Accounts Publication (experimental²)
next update: November 2013 (Provisional)
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 - SNAP data are 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.