- 19 Dec 2018
Gross Domestic Product (GDP) is a measure of the value of goods and services produced by residents, before allowing for depreciation or capital consumption. Net receipts from interest, profits and dividends abroad are excluded.
Scotland’s Gross Domestic Product (GDP) grew by 0.3% in real terms during the third quarter of 2018, following growth of 0.5% in the second quarter of 2018. The equivalent growth rate for the UK as a whole during the third quarter was 0.6%.
Compared to the same quarter last year, Scotland's GDP has grown by 1.5%, the same as equivalent UK growth over the same period.
The largest single contribution to growth this quarter came from the Construction sector.
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