News

Economic growth confirmed at 0.3% in 2019 Quarter 3

Published: 29 Jan 2020 09:36
Part of:
Statistics, Economy

A National Statistics Publication for Scotland.

Scotland’s economy grew by 0.3% during the third quarter of 2019, according to statistics announced today by the Chief Statistician. Growth in the latest quarter has not been revised from the first estimate published on 18 December.

During the third quarter, the updated figures show that output in the services sector grew by 0.1%, output in the production sector grew by 1.1%, and output in the construction sector remained flat compared to quarter 2. 

When compared to the third quarter of 2018, growth over the year is now estimated at 0.6%. This has been revised down from the first estimate of 0.7%.

The GDP Quarterly National Accounts publication includes the second estimate of growth for the July to September period. This uses data which has been released since the first estimate was published. The Quarterly National Accounts also includes a range of other statistics which are used for economic analysis, forecasting and modelling.

Background

Read the full statistical publication and data.

Change in gross domestic product (GDP) is the main indicator of economic growth. Two estimates of GDP growth are published each quarter. The first estimate for 2019 Quarter 4 (October to December) will be published on 18 march.

All results are seasonally adjusted and presented in real terms (adjusted to remove inflation). GDP growth in this publication relates to Scotland’s onshore economy, which means it does not include the output of offshore oil and gas extraction. Estimates of the cash value of Scotland’s GDP are available excluding and including oil and gas extraction.

Further information on GDP statistics

These estimates are compiled in line with the Code of Practice for Statistics.