Publication - Research and analysis
Scottish economic bulletin: May 2025
Provides a summary of the latest key economic statistics, forecasts and analysis on the Scottish economy.
Part of
Data and Forecasts Summary
| Indicator | Latest Data | Next Release | Timeseries | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | |||
| GDP (3-month rolling %) | 0.0% (December) | 26 March | 0.3 | 0.0 | 0.2 | 0.1 | 0.6 | 0.7 | n/a | n/a | n/a |
| Unemployment (%) | 3.8% (Oct-Dec) | 20 March | 3.3 | 3.6 | 3.8 | 3.8 | 3.7 | 4.2 | 4.3 | n/a | n/a |
| Real Earnings (YoY %) | 2.2% (January) | 20 March | 3.7 | 4.9 | 4.6 | 2.1 | 2.5 | 3.3 | 4.0 | 2.2 | n/a |
| Inflation Rate (CPI YoY %) | 3.0% (January) | 26 March | 1.7 | 2.3 | 2.6 | 2.5 | 3.0 | 2.8 | 2.6 | 3.5 | n/a |
| BoE Base Rate (%) | 4.50% (February) | 20 March | 5.00 | 5.00 | 4.75 | 4.75 | 4.75 | 4.50 | 4.50 | 4.50 | 4.25 |
| Consumer Sentiment (Index) | -5.7 (January) | 26 March | -6.9 | -5.1 | -7.3 | -2.1 | -5.7 | -5.7 | -8.0 | n/a | n/a |
| Indicator | Organsiation | Date of Forecast | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| GDP (YoY %) | SFC | December 2024 | 1.5 | 1.6 | 1.4 |
| Unemployment (%) | SFC | December 2024 | 3.9 | 3.9 | 4.0 |
| Nominal Average Earnings (YoY %) | SFC | December 2024 | 4.6 | 2.7 | 2.9 |
| Inflation (4Q rate in Q4) | BoE | February 2025 | 3.3 | 2.1 | 1.8 |
Contact
Email: economic.statistics@gov.scot