Gross Domestic Product - Latest GDP Trends

High Level Summary of Statistics Trend Last update: Monday, October 24, 2011

Latest GDP trends

Scotland

The main findings in the latest publication are:

  • GDP grew by 0.1 per cent during the second quarter of 2011 (seasonally adjusted). On an annual basis, comparing the latest four quarters to the previous four quarters (4Q-on-4Q), GDP grew by 1.1 per cent.

  • During the second quarter of 2011, Services sector output grew 0.1 per cent, Production sector output grew 1.7 per cent, and Construction sector output fell 2.3 per cent.

  • On an annual basis (4Q-on-4Q), output in Services grew 0.0 per cent, Production grew 1.5 per cent, and Construction grew 11.8 per cent.

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UK Figures:

  • The latest UK figures show that GDP on a comparable basis (constant basic prices) grew by 0.1 per cent during the second quarter of 2011, and grew by 1.5 per cent annually (4Q-on-4Q).

  • During the second quarter of 2011, UK Services sector output grew 0.2 per cent, output in the Production sector fell 1.2 per cent, and Construction output grew 1.1 per cent.

  • Over the year (4Q-on-4Q), the UK experienced growth of 1.4 per cent in the Services sector, growth of 2.6 per cent in Production, and growth of 8.7 per cent in Construction.

  • The latest UK results are reported using the 2007 Standard Industrial Classification (SIC) and are not exactly comparable to the headline Scottish results above. Further details on the change to 2007 SIC, and provisional Scottish results on 2007 SIC are included in an annex to latest statistical bulletin ( link)

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