- 20 Mar 2019
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 fourth quarter of 2018, following growth of 0.2% in the third quarter of 2018. The equivalent growth rate for the UK as a whole during the fourth quarter was 0.2%.
Compared to the same quarter last year, Scotland's GDP has grown by 1.3%, the same as equivalent UK growth over the same period.
In 2018 Scotland’s GDP grew by 1.4% compared to 2017, the same as the UK.
The largest single contribution to growth this quarter came from the Business Services and Finance sector.
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