Publication - Statistics
GDP Monthly Estimate: July 2023
Gross Domestic Product (GDP) statistics measure changes in the output of the economy. This is an experimental statistics publication for Scotland.
Main Findings
- Scotland’s onshore GDP is estimated to have increased by 0.1% in July. This follows GDP remaining flat in June (0.0% change).
- Output in the services sector, which accounts for around three quarters of the economy, contracted by 0.4% in July. Output in the production sector is estimated to have grown by 2.8% in July, with the largest contribution to overall GDP growth being Manufacturing.
- In the three months to July, GDP is estimated to have fallen by 0.1% compared to the previous three month period. This indicates an improvement relative to the fall of 0.3% in 2023 Quarter 2 (April to June). Further information on quarterly GDP can be found in the First Estimate of GDP for 2023 Quarter 2.
