WIREDGOV

A National Statistics Publication for Scotland.

Scottish GDP grew by 0.6 per cent during the third quarter of 2014, according to statistics announced today by Scotland’s Chief Statistician.

The latest Gross Domestic Product release, covering the period July to September, shows that total output in the economy grew by 0.6 per cent compared to previous quarter. On an annual basis, GDP grew by 3.0 per cent compared to the third quarter of 2013.

The services sector, which accounts for nearly three quarters of the economy, grew by 0.6 per cent during the latest period, the production sector contracted by 0.7 per cent, and construction output expanded by 3.2 per cent.

Notes To Editors

The full statistical publication is available athttp://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/GDP2014Q2

This quarterly publication measures growth in real terms (adjusted for inflation) of Gross Domestic Product at basic prices, also known as Gross Value Added, for Scotland.

Statistics in this release cover activities classified to the onshore economy in Scotland, and do not include oil and gas extraction in the North Sea.

ONS National Accounts for the UK are now compiled on the basis of the European System of Accounts 2010. Scottish data will not be available on this basis until April 2015. Further details of the implications for interpretation of GDP growth are provided here

http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/gdp/research/ESA2010/

Further information on Scottish economic statistics can be accessed at http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/

These estimates are compiled in line with the Code of Practice for Official Statistics – more information on the standards of official statistics in Scotland can be accessed at: http://www.scotland.gov.uk/Topics/Statistics/About