2009Q2
The input series for shipbuilding has been replaced with a deflated turnover series using an improved methodology, ratio estimation, that will be more sensitive to current activity.
2009Q1
There were no methodological changes this quarter.
2008Q4
There were no methodological changes this quarter.
2008Q3
The main methodological change in this quarters estimates of GDP relates to the calculation and allocation of Financial Intermediation Services Indirectly Measured (FISIM). This has resulted in numerous long-run revisions to historical data. Further information about FISIM can be found in section A3 of Scottish Economic Statistics 2008 ( www.scotland.gov.uk/stats/ses).
The incorporation of the full FISIM adjustment into Scotland's economic statistics represents a significant improvement in the measurement of the interactions between the financial services sector and other sectors. The approach acknowledges the full scope of the industry by recognising, for the first time, the value generated in the economy through financial services' interactions with final consumers, notably households, government and exports. Through incorporation of the full FISIM adjustment, compliance with international National Accounts guidance has been improved and comparability maintained with economic statistics produced for the United Kingdom as a whole.