GDP Quarterly National Accounts: 2026 Quarter 1 (January to March)
An accredited official statistics publication
This release includes updated estimates of gross domestic product (GDP) growth for Scotland in the latest quarter, along with a range of additional statistics which are regularly used for economic forecasting and modelling.
Part of
GDP in nominal terms
In 2025 as a whole, annual onshore GDP is estimated to have been £219.1 billion in total in current prices (or nominal terms), or £39,513 per person. This increased by £9.9 billion, or 4.7%, compared to 2024 due to the combination of real terms growth of 1.3% and an increase in the GDP deflator by 3.4% which reflects the overall levels of price inflation throughout the year.
Including oil and gas extraction in Scottish waters and other extra-regio activity, Scotland’s GDP in 2025 is estimated to be £231.2 billion in total in current prices, or £41,696 per person.
Table 2: GDP in current prices, including extra-regio economic activity
|
Year |
Onshore GDP: £ million |
Geographical share of extra-regio GVA: £ million |
GDP including a geographical share of extra regio: £ million |
Onshore GDP: £ per head of population |
GDP including a geographical share of extra regio: £ per head of population |
|
2022 |
188,421 |
28,448 |
216,869 |
34,592 |
39,814 |
|
2023 |
198,869 |
18,215 |
217,084 |
36,119 |
39,427 |
|
2024 |
209,228 |
14,906 |
224,133 |
37,744 |
40,433 |
|
2025 |
219,122 |
12,104 |
231,226 |
39,513 |
41,696 |
Extra-regio gross value added (GVA) is economic activity from parts of the UK economy which are not assigned to a single statistical region. The estimates of a geographical share of this for Scotland are based on offshore oil and gas extraction within the Scottish adjacent waters boundary and also include a population share of overseas public administration and defence activities.
Although GDP statistics in real terms are available for the onshore economy only, estimates of GDP in nominal terms are produced for both the onshore economy and the wider economy including oil and gas extraction. These are widely used for international comparisons and fiscal analysis
Contact
For enquiries about this publication please contact:
National Accounts Unit,
Directorate for Chief Economist
E-mail: economic.statistics@gov.scot
For general enquiries about Scottish Government statistics please contact:
Office of the Chief Statistician
e-mail: statistics.enquiries@gov.scot