We are testing a new beta website for gov.scot go to new site

Downloads

Downloadable documents:

Title:Quarterly National Accounts Scotland, 2017 Quarter 1
Description:A National Statistics Publication for Scotland
File:QNAS 2017 Q1 - Statistical Bulletin [PDF, 624.1 kb: 22 Aug 2017]
Open | Open in new window
File:QNAS 2017 Q1 - Summary of Key Findings [PDF, 184.3 kb: 22 Aug 2017]
Open | Open in new window
File:QNAS 2017 Q1 - Summary Tables [XLS, 593.9 kb: 22 Aug 2017]
Open | Open in new window
File:GDP 2017 Q1 - Revised Publication Tables [XLSX, 318.0 kb: 11 Sep 2017]
Open | Open in new window
 Viewer Help

Quarterly National Accounts Scotland, 2017 Quarter 1

Quarterly National Accounts ScotlandNational Statistics

Quarter 1 2017

A National Statistics Publication For Scotland

Date: 23 August 2017

KEY RESULTS
  • This publication includes results for the first quarter of 2017 (January-March). All statistics have been updated in line with the annual supply and use tables for 1998-2014 published on 26 July 2017.

  • Exceptionally, as part of this annual update process, the headline estimate of GDP growth in volume terms has been updated with new industry weights for 2014 and revised from its publication on 5 July.During the first quarter of 2017, Scotland’s onshore GDP is now estimated to have grown by 0.7% in real terms, compared to the previous estimate of 0.8%.

  • Over the latest 12 months, corresponding to financial year 2016-17, the value of Scotland’s onshore GDP is estimated at £150.0 billion in total, or £27,854 per person, in current prices.

  • Including a geographical share of UK extra-regio (offshore and overseas) economic activity, Scottish GDP is estimated at £159.4 billion in total, or £29,593 per person during financial year 2016-17.

  • The expenditure measure of onshore GDP shows that the increase in GDP over the latest year, in current prices (not real terms), was mostly driven by consumer spending, but with positive contributions also made by government spending, capital investment and net trade.

  • Manufactured Exports make up around half of the total value of exports from Scotland to the rest of the world (excluding oil and gas). The Index of Manufactured Exports (IME) increased by 7.2% in volume terms during the first quarter of 2017. On a rolling annual basis, comparing the most recent four quarters to the previous four quarters, the volume of manufactured exports decreased by 2.8%.

  • Over the year to 2017 Quarter 1, total consumer spending by the Household and Non-Profit Institutions Serving Households (NPISH) sectors is estimated to have increased by 2.5% in current prices (unadjusted for inflation, not real terms)

  • Gross Disposable Household Income (GDHI) is estimated to have increased by 0.7% over the year to 2017 Quarter 1 (in current prices, not real terms). The Household Savings Ratio is 4.5 per cent in the latest quarter, compared to an average value of 5.1 per cent during 2016.

ABOUT THIS PUBLICATION

Quarterly National Accounts Scotland (QNAS) includes a range of economic statistics for Scotland including:

  • estimates of the Gross Domestic Product (GDP) of the onshore economy measured using all three of the output, income and expenditure approaches;

  • alternative estimates of GDP for Scotland including two illustrative shares of UK extra-regio (offshore and overseas) activities attributable to Scotland;

  • the Index of Manufactured Exports (IME);

  • Household & NPISH Sector income and expenditure accounts for Scotland, including Gross Disposable Household Income (GDHI) and the Savings Ratio;

  • Scottish public sector revenue.

Unless specifically marked as including a share of extra-regio activity (offshore and overseas), the statistics in this release relate to the onshore Scottish economy (that is, excluding any extra-regio activity). Further information on these statistics, and on revisions in this release, is available in the background notes.

Supplementary Information

Downloadable document:

Title:Quarterly National Accounts Scotland, 2017 Quarter 1
Description:A National Statistics Publication for Scotland
File:QNAS 2017 Q1 - Supplementary Tables [XLS, 437.8 kb: 23 Aug 2017]
Open | Open in new window
 Viewer Help