Scottish GDP grew
by 0.2 per cent during the fourth quarter of 2013, according to statistics
announced today by Scotland’s Chief Statistician.
The latest Gross
Domestic Product release, covering the period October to December, shows that
total output in the economy grew by 0.2 per cent compared to previous quarter.
On an annual basis, GDP grew by 1.7 per cent compared to the fourth quarter of
2012.
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 contracted by 1.0 per cent.
These estimates
reflect in part the events at the Grangemouth complex in October 2013.
Additional discussion of the measurement of these events is published alongside
this quarter’s bulletin in a paper titled “Special Events in Q4 of
2013 – Grangemouth”.
The figures
released today were produced by independent statistical staff, in accordance
with professional standards set out in the Code of Practice for Official
Statistics.
Notes To
Editors
The full
statistical publication is available athttp://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/GDP2013Q4
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. The equivalent figures for the UK, produced by the Office for
National Statistics, are included in table 2B.
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.
Further
information on Scottish economic statistics can be accessed athttp://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/
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Official
statistics are produced by professionally independent statistical staff –
more information on the standards of official statistics in Scotland can be
accessed at:http://www.scotland.gov.uk/Topics/Statistics/About