High Level Summary of Statistics Trend Last update: Friday, July 31, 2009
GDP Growth: UK Comparison
Annual Gross Domestic Product (GDP) growth rates for Scotland and the UK are calculated on a rolling four quarters on four quarters basis - this compares annual growth to the year end of the most recent quarter. Rates of GDP growth in the UK have generally exceeded Scottish GDP growth rates over the time period 2000Q3 to 2009Q1.
Annual growth rate to the most recent quarter, 2009Q1, in both Scotland and UK was -1.2% - a gap of 0.0 (zero) percentage points. The gap has decreased from the previous period, 2008Q4, where Scottish GDP grew at an annual rate of 0.5% compared to 0.8% in the UK - a gap of 0.3% points. Consequently, between 2008Q4 and 2009Q1 the gap between annual GDP growth rates in Scotland and the UK narrowed by 0.2 percentage points (to note that growth rates, and therefore the gap between growth rates, are calculated using unrounded numbers, but are only presented to 1 decimal place).
The Scottish Government has set a target to raise Scotland's GDP growth rate to the UK level by 2011.
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Source: Scottish Government
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