News

Economy grows 0.3% in the third quarter of 2019

Published: 18 Dec 2019 09:30
Part of:
Economy

A National Statistics Publication for Scotland.

The Chief Statistician has released statistics showing that the economy in Scotland grew by 0.3% during the third quarter of 2019, covering the period July to September.

During the third quarter output in the construction sector remained flat, output in production grew by 0.9% and output in the services sector grew by 0.2%.

Change in gross domestic product (GDP) is the main indicator of economic growth. Over the year compared to the third quarter of 2018, the economy has grown by 0.7%.

Background

Full statistical publication and data

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.

The second estimate of GDP for the third quarter of 2019 will be available in Quarterly National Accounts Scotland, published on 29 January 2020. The first estimate of GDP for the fourth quarter of 2019 will be published on 18 March 2020.

Further information on GDP statistics

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