Publication - Statistics
GDP First Quarterly Estimate 2023 Q2 (April-June)
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 0.3% in real terms during the second quarter of 2023. Over the same period, GDP in the UK as a whole grew by 0.2%.
- Compared to the same quarter last year, Scotland’s GDP fell by 0.2%. Over the same period, the UK as a whole grew by 0.4%.
- In the second quarter of 2023 services output was flat overall, while production output fell by 2.1% with the fall of 2.3% in manufacturing making the largest contribution to the overall result.
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.