Labour Productivity Statistics
Quarter 4 2017
An Official Statistics Publication For Scotland
Date: 9 May 2018
This release contains estimates of labour productivity for Scotland’s onshore economy up to the final quarter of 2017 (October-December), and the first estimates for 2017 as a whole. Quarterly movements in labour productivity can be volatile, making short term trends difficult to discern. To aid interpretation, two methods of smoothing out this volatility are presented.
In 2017, annual labour productivity in Scotland, as measured by output per hour worked, decreased by 1.9% in real terms (inflation adjusted) compared to 2016.
Additionally, this release contains a trend-based estimate of productivity growth. This indicates the underlying rate of change during the latest quarter by removing both seasonal and irregular (volatile) movements from the data. It is estimated that the trend in real output per hour worked increased by 1.0% in the fourth quarter of 2017.
This publication also includes estimates of output per job and current price productivity measures (not adjusted for inflation). Experimental estimates of labour productivity for broad industry groups are also available online.
ABOUT THIS RELEASE
This release reports quarterly and annual labour productivity estimates for the period between 1998 and 2017 Quarter 4 (October-December) covering total output in the onshore Scottish economy. Labour productivity measures the amount of economic output that is produced, on average, by each unit of labour input and is an important indicator of economic performance. Results are calculated in both real terms (inflation adjusted) and current prices (nominal, not adjusted for inflation).
Labour productivity is a derived statistic. This means that it is not directly estimated, but is based on separate estimates for economic output and labour input. Labour input measures in this release are consistent with NUTS1 results for countries and regions published by the Office for National Statistics (ONS). Output (gross value added, GVA) statistics are consistent with Scottish Government quarterly national accounts statistics.
Further information about these statistics and the methods used to produce them is available in the background notes and online here.