Gross Domestic Product (GDP)
Latest GDP Growth Figures: Scottish GDP grew 0.5% during the fourth quarter of 2012. On an annual basis, comparing the latest quarter to the same period in the previous year, Scottish GDP grew 0.4%. Scottish quarterly GDP figures are produced in basic prices, also known as Gross Value Added (GVA). On the same basis, UK GDP fell 0.3% in the fourth quarter of 2012, and grew at an annual rate of 0.1%. Calendar year growth between 2011 and 2012 was 0.3% in both Scotland and the UK as a whole. Latest Quarterly GDP Statistics
next update: 17 July 2013  GDP in Cash Terms: Scottish Gross Domestic Product in 2011 (excluding extra-regio)¹ was £124 billion. Including a population share of UK extra-regio activity, GDP in 2011 was £127 billion. Including the share of UK extra-regio activity occuring offshore from Scotland, GDP in 2011 was £150 billion. Latest Scottish National Accounts Publication (experimental²)
next update: 15 May 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 - The SNAP data are mainly in a development phase and do not yet meet the rigorous quality standards of National Statistics. The data sources and methodologies are currently undergoing peer review and are liable to be revised on an ad-hoc basis as methods and data sources are developed. |