GDP Monthly Estimate: November 2023

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 0.1% in November. This follows a contraction of 0.6% in October (revised from -0.5%).
  • In the three months to November, GDP is estimated to have contracted by 0.2% compared to the previous three month period. This indicates a slowing of growth, relative to the increase of 0.4% in 2023 Quarter 3 (July to September).
  • In November, output in the services sector, which accounts for around three quarters of the economy, is estimated to have grown by 0.4%, after falling 0.1% in October. Production sector output contracted by 3.1% in November, with a contraction of 10.1% in Electricity and Gas Supply (after similar contraction in October) making the largest contribution to the overall GDP result.


Back to top