GDP Monthly Estimate: May 2025
Gross Domestic Product (GDP) statistics measure changes in the output of the economy. This is an Official Statistics in Development publication for Scotland.
Scotland’s onshore GDP is estimated to have fallen by 0.2% in May. This follows revised growth of 0.1% in April (revised up from -0.2%).
In the three months to May, GDP is estimated to have contracted by 0.4% compared to the previous three month period. This indicates a decrease in growth relative to the Quarter 1 2025 (January to March) growth rate of 0.4%.
In May, the largest negative contribution to headline GDP was in Manufacturing, which contributed -0.4 percentage points to headline GDP. The cessation of oil refining activity at the Grangemouth oil refinery in 2025 Q2 contributed to the reduced output in the Manufacturing sector. This was partially offset by growth from Professional, Scientifical and Technical services, which contributed 0.2 percentage points to headline GDP.
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