GDP rise

18 Mar 2020 01:41 PM

Economy growth in 2019 – before Coronavirus.

Scotland’s GDP grew by 0.2% in real terms during the fourth quarter of 2019, covering the period October to December. The UK quarterly GDP remained flat at 0.0%.

This release includes data up to December 2019, and is not affected by the current COVID-19 situation.

Economy Secretary Fiona Hyslop said:

“The growth in the economy in 2019, although modest, is welcome. However, we are living in unprecedented times and I am acutely aware that COVID-19 is already having challenging implications for businesses the length and breadth of the country.

“That is why we have moved quickly to provide a £320 million package of support for the business community. I would also strongly encourage businesses to contact the COVID-19 helpline - 0300 303 0660 – that answers questions relating to the economic impact of the virus.

“Businesses receiving support are being encouraged to operate with fair work principles including supporting staff to self-isolate when they need to and if they have caring responsibilities.

“I have already met with business organisations and the STUC. A number of the issues that are to be addressed can be supported by the Scottish Government, but having spoken to Alok Sharma the UK Secretary of State for Business, Energy and Industrial Strategy, it needs to be understood that this will require a coordinated global and UK–wide level response to deal with the economic impact this will have.”

Background

The full statistical publication and data. 

A helpline providing businesses across Scotland with advice and guidance on COVID-19.