GDP Monthly Estimate: February 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 grown by 0.2% in February. This follows growth of 0.7% in January (revised down from 0.9%) and a fall of 0.5% in December (revised up from 0.8%).
  • Output in the services sector, which accounts for around three quarters of the economy, is estimated to have increased by 0.4% in February. At the broad level, output in consumer facing services grew by 1.3%, while health, education and public services output grew by 0.8%, and output in all other services contracted by 0.1%.
  • Overall output in the non-service sector (comprising production, construction and agriculture) contracted by 0.3% compared to the previous month.
  • In the three months to February, GDP is estimated to have grown by 0.4% compared to the previous three month period. This is an improvement during the first quarter so far relative to the growth of 0.2% in 2022 Quarter 4 (October to December). Further information on quarterly GDP can be found in the Quarterly National Accounts for 2022 Quarter 4.
Monthly GDP Publication: February 2023
Monthly GDP Tables: February 2023
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