Economy grows 0.2% in the fourth quarter of 2019
18 Mar 2020 01:44 PM
A National Statistics Publication for Scotland.
The Chief Statistician has released statistics showing that the economy grew by 0.2% during the fourth quarter of 2019, covering the period October to December.
Change in gross domestic product (GDP) is the main indicator of economic growth. Over the year, compared to the fourth quarter of 2018, the economy has grown by 0.7%. In 2019 the economy has grown by 0.8% compared to 2018.
During the fourth quarter output in the Construction sector grew by 0.7%, output in Production contracted by 1.2%, and output in the Services sector grew by 0.5%.
The second estimate of GDP for the fourth quarter of 2019 will be available in Quarterly National Accounts Scotland, published on 29 April 2020. The first estimate of GDP for the first quarter of 2020 will be published on 17 June 2020.
The full statistical publication and data.
All 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.
Further information on GDP statistics.
These estimates are compiled in line with the Code of Practice for Statistics – more information on the standards of official statistics.