- 19 Sep 2018
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 0.5% in real terms during the second quarter of 2018, following growth of 0.4% in the first quarter of 2018. The equivalent growth rate for the UK as a whole during the second quarter was 0.4%.
In the latest quarter, output in the Services sector grew by 0.4%, output in the Production sector grew by 0.6%, and output in the Construction sector grew by 1.8%.
Compared to the same quarter last year, Scottish GDP has grown by 1.7%. Equivalent UK growth over the year was 1.3%.
GDP per person in Scotland grew by 0.4% during the first quarter of 2018, compared to growth of 0.2% in the UK as a whole.
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