Quarterly National Accounts Scotland
Quarter 4 2014
A National Statistics Publication For Scotland
Date: 13 May 2015
- This release includes the first estimates for 2014 as a whole, and quarterly results up to the fourth quarter of 2014 (October-December).
- For the first time, key results in this release are now based on the European System of Accounts 2010 (ESA 2010).
- In 2014, onshore Scottish Gross Domestic Product (GDP) is estimated at £139 billion in total, or £26,100 per person.
- Including a population share of the UK extra-regio (offshore) economic activity, Scottish GDP is estimated at £141 billion in total, or £26,300 per person.
- Including a geographical share of extra-regio (offshore) activity, Scottish GDP is estimated at £153 billion in total, or £28,600 per person.
ABOUT THIS PUBLICATION
Quarterly National Accounts provides users with a range of macroeconomic statistics for Scotland, including Gross Domestic Product (GDP) measured using output and income approaches, and public sector revenues. Unless specifically marked as including a share of extra-regio (offshore and overseas) activity, results in this release relate to the onshore Scottish economy.
As a result of the ongoing developments to convert all Scottish national accounts statistics from ESA 1995 to ESA 2010, this release only includes components of Gross Domestic Product measured by the output and income approaches. ESA 2010 results for GDP using the expenditure approach and the Household Sector accounts will be updated in the next release (August) following publication of 1998-2012 Supply and Use Tables.
Results in this bulletin, unless otherwise stated, have been seasonally adjusted (SA) to allow meaningful comparisons between periods. Esimates are clearly marked as being either current prices (CP) or chained volume measures (CVM). Current prices, also known as nominal terms, are not adjusted for inflation and describe actual cash values. Volume estimates, also known as real terms, have the effects of inflation removed and are used to indicate changes in the amount or level of activity. More information on the content of this bulletin and on the uses made of the statistics can be found in the background notes.
Additional supplementary tables for analysts are included below. Components of GDP(E) on an ESA 1995 basis are available here, but users should note that these are not consistent with the other ESA 2010 results in this publication and should be used with caution