Quarterly National Accounts Scotland
Quarter 2 2014
A National Statistics Publication For Scotland
Date: 12 November 2014
- Over the twelve months to June 2014, onshore Scottish Gross Domestic Product (GDP) is estimated to have been around £132 billion in total, or £24,700 per capita.
- Including a population share of extra-regio (offshore) UK economic activity, Scottish GDP is estimated at around £134 billion in total, or £25,000 per capita.
- Including a geographical share of extra-regio (offshore) activity, Scottish GDP is estimated at around £150 billion in total, or £28,100 per capita.
- Household final consumption expenditure (HHFCE) increased by 1.1 per cent in current price (nominal) terms during the second quarter of 2014.
- Gross disposable household income (GDHI), which is the amount of all income left for spending or saving after accounting for items such as pensions and social benefits, increased by 2.1 per cent during the latest quarter.
- The household savings ratio, which is defined as the relative difference between households’ expenditure and income, is estimated at 6.2% in the latest quarter, similar to a year earlier. This indicates that over the year, spending has risen broadly in line with disposable income.
ABOUT THIS PUBLICATION
This release provides users with a range of macroeconomic statistics for Scotland, including Gross Domestic Product (GDP) measured using output, income and expenditure approaches, estimates of UK extra-regio activities attributable to Scotland, household sector income accounts, and public sector revenues. Unless specifically marked as including a share of extra-regio (offshore and overseas) activity, results in this release relate to the onshore Scottish economy.
Data in this bulletin, unless otherwise stated, have been seasonally adjusted (SA) with seasonal effects removed to allow comparisons over time. Unless otherwise stated, estimates are given in current prices (CP), sometimes known as nominal terms, without any adjustment for inflation. More information on the content of this bulletin and on the uses made of the statistics can be found in the background notes.
Previous releases of Quarterly National Accounts Scotland are available at www.scotland.gov.uk/Topics/Statistics/Browse/Economy/SNAP/QNAS