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Scotland’s GDP growth confirmed at 0.5% in 2018 Quarter 2

A National Statistics publication for Scotland.

The Scottish economy grew by 0.5% during the second quarter of 2018, according to updated statistics announced yesterday by Scotland’s Chief Statistician. The headline growth rate is unrevised from the first estimate published on 19 September. Compared to the same time last year, the Scottish economy has grown by 1.7%, also unrevised from the first estimate.

The GDP Quarterly National Accounts publication includes a second estimate of growth for 2018 Quarter 2 using data released since the first estimate was published. The Quarterly National Accounts also includes a range of other statistics which are used for economic analysis, forecasting and modelling.

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland. Two estimates of Scotland’s GDP growth are now published each quarter on a faster timetable than previously available. The first estimate for 2018 Quarter 3 will be published on 19 December.

Background

The full statistical publication and data are available at:  http://www2.gov.scot/Topics/Statistics/Browse/Economy/QNA2018Q2

All headline results are seasonally adjusted and presented in real terms (adjusted to remove inflation). GDP growth in this publication relates to Scotland’s onshore economy, which means it does not include the output of offshore oil and gas extraction. The cash value of Scotland’s GDP including offshore activities is also available in the publication.

Further information on Scottish economic statistics is available 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

 

Channel website: http://www.gov.scot/

Original article link: https://news.gov.scot/news/scotlands-gdp-growth-confirmed-at-0-5-percent-in-2018-quarter-2

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