GDP first quarterly estimate 2023 Q1 (January to March)

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 grew by 0.4% in real terms during the first quarter of 2023. Over the same period, GDP in the UK as a whole grew by 0.1%.
  • Compared to the same quarter last year, Scotland’s GDP grew by 0.3%. Over the same period, the UK as a whole grew by 0.2%.
  • The largest contribution to change this quarter came from growth in business services and finance.

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 November 2023, will include an updated second estimate of GDP for 2023 Q2 and revisions to previous quarters. 
First estimate of GDP: 2023 Q1 full publication
First estimate of GDP: 2023 Q1 results table
First estimate of GDP: 2023 Q1 summary


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