GDP monthly estimate: July 2022

Gross Domestic Product (GDP) statistics measure the output of the economy in Scotland. These monthly estimates are designated as experimental official statistics, meaning they are still in development but have been released to enable their use at an early stage.

Main Findings:

  • Scotland’s onshore GDP is estimated to have fallen by 0.2% in July, after falling by 0.8% in June, and is now 0.1% above the pre-pandemic level in February 2020.
  • Output in the services sector, which accounts for around three quarters of the economy, is estimated to have fallen by 0.3% in July. At the broad level, output in consumer facing services grew by 0.3%, while health, education and public services output grew by 0.2%, and output in all other services fell by 0.8%.
  • Overall output in production, construction and agriculture grew by 0.1% compared to the previous month.
  • In the three months to July, GDP is estimated to have fallen by 0.2% compared to the previous three month period. This is a slight slowdown in growth after output remained flat (0.0% growth) in 2022 Quarter 2 (April to June). Further information on quarterly GDP can be found in the Quarterly First Estimate for 2022 Quarter 2.

All results are seasonally adjusted and presented in real terms (adjusted to remove inflation), and relate to Scotland’s onshore economy (which does not include offshore oil and gas extraction).



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