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Downloadable documents:

Downloadable documents:

Title:Quarterly National Accounts Scotland 2016 Quarter 1
Description:A National Statistics Publication for Scotland
File:QNAS 2016 Q1 Statistics Publication [PDF, 487.5 kb: 23 Aug 2016]
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File:QNAS 2016 Q1 Tables [XLSX, 229.1 kb: 23 Aug 2016]
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Quarterly National Accounts Scotland 2016 Quarter 1

Quarterly National Accounts ScotlandNational Statistics

Quarter 1 2016

A National Statistics Publication For Scotland

Date: 24 August 2016

KEY FINDINGS
  • This release includes results for the first quarter of 2016 (January-March), as well as the first estimates for the financial year 2015-16.

  • In financial year 2015-16, annual onshore Gross Domestic Product (GDP) in Scotland is estimated to have been £147 billion in total, or £27,400 per person.

  • Including a geographical share of UK extra-regio (offshore and overseas) economic activity, total Scottish GDP in 2015-16 is estimated at £157 billion in total, or £29,200 per person.

  • Household Final Consumption Expenditure (HHFCE) is estimated to have increased by 2.4% over the year to 2016 Quarter 1 (in current prices, not real terms)

  • Gross Disposable Household Income (GDHI) is estimated to have increased by 5.3% over the year to 2016 Quarter 1 (in current prices, not real terms).

  • The Household Savings Ratio is estimated to be 4.8 per cent in the latest quarter.

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 sets of appropriate shares of UK extra-regio (offshore and overseas) activities attributable to Scotland;

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

  • Scottish public sector revenue;

  • New estimates of capital investment by sector (including business investment) are included for the first time. These series are currently classed as experimental (not national statistics) while undergoing development and quality assurance.

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. Further information on these statistics is available in the background notes. Results have been revised and updated to be consistent with the annual Supply & Use Tables for 1998-2013, published by The Scottish Government on 20 July 2016.

Supplementary Tables

Downloadable document:

Title:Quarterly National Accounts Scotland 2016 Quarter 1
Description:A National Statistics Publication for Scotland
File:2016 Q1 Supplementary Tables [XLS, 402.4 kb: 24 Aug 2016]
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