GDP First Quarterly Estimate 2024 Q1 (January to March)

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

Key Points

  • Scotland’s GDP grew by 0.7% in real terms during the first quarter of 2024, after falling 0.5% in the previous quarter. In the first quarter, GDP in the UK as a whole grew by 0.6% after falling 0.3% in the previous quarter.
  • In the first quarter of 2024 services output grew by 0.5% and production output grew by 2.1% with the growth in the output of electricity and gas supply and distribution, hotels and catering services accounting for more than half of the headline 0.7% growth.
  • Compared to the same quarter last year, Scotland’s GDP grew by 0.2%, as did the UK as a whole.


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Office of the Chief Economic Advisor: Economic Analysis
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