Information

GDP first quarterly estimate: 2022 Quarter 3 (July to September)

Gross Domestic Product (GDP) statistics measure the output of the economy in Scotland. The GDP first quarterly estimate is a national statistics publication for Scotland.


Headline Results

  • Scotland’s GDP fell by 0.2% in real terms during the third quarter of 2022 and is still 1.1% below pre-pandemic levels (2019 Q4). Over the same period, GDP in the UK as a whole fell by 0.2% and is now 0.4% below pre-pandemic levels.
  • Compared to the same quarter last year, Scotland’s GDP grew by 2.9%. Over the same period, the UK as a whole grew by 2.4%.
  • The largest contribution to change this quarter came from the growth in business services and finances, offset by a fall in electricity and gas supply.

What’s in the first quarterly estimate of GDP?

The first quarterly estimate of GDP covers the output approach to GDP and reports on:

  • Real terms – results have been seasonally adjusted and had the effect of price changes removed to allow for meaningful comparisons over time
  • Onshore economy – figures do not include the output of offshore oil and gas extraction (which is included in the headline UK figures)
  • Revisions – There are no revisions to previous quarters in this release. The GDP Quarterly National Accounts, published on 1 February 2023, will include an updated second estimate of GDP for 2022 Q3 and revisions to previous quarters. 

First estimate of GDP: 2022 Q3 full publication

First estimate of GDP: 2022 Q3 summary

First estimate of GDP: 2022 Q3 results tables

Contact

If you have any enquiries relating to Economy Statistics then please contact us at:

Email: economic.statistics@gov.scot

Post:
Office of the Chief Economic Advisor: Economic Analysis
Room 4WR
St Andrews House
Regent Road
Edinburgh
EH1 3DG

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