Economic Growth Confirmed At 0.2% In 2019 Quarter 4

1st May 2020

Scotland's economy grew by 0.2% during the fourth quarter of 2019, according to statistics announced today by the Chief Statistician covering the period from October to December.

Change in gross domestic product (GDP) is the main indicator of economic growth.

Growth in the latest quarter has not been revised from the first estimate published on 18 March. Annual growth for 2019 is now reported as 0.7% compared to 2018, revised down from the first estimate of 0.8%.

During the fourth quarter, the updated figures show that output in the services sector grew by 0.5%, output in the production sector fell by 1.4%, and output in the construction sector grew by 0.3% compared to quarter 3.

The GDP Quarterly National Accounts publication includes the second estimate of growth for the October to December period. This uses data which has been released since the first estimate was published. The Quarterly National Accounts also includes a range of other statistics which are used for economic analysis, forecasting and modelling.