Caithness Map :: Links to Site Map Great value Unlimited Broadband from an award winning provider  

 

GDP Quarterly National Accounts For 2020 Quarter 2

28th October 2020

Scotland's GDP is confirmed to have fallen by an unrevised rate of 19.4% during Quarter 2, according to statistics announced today by the Chief Statistician. This is the second consecutive quarter of falling GDP, following the contraction of 3.2% in Quarter 1. Compared to the same period last year, GDP is estimated to have fallen by 21.9%.

During the second quarter, the updated figures show that output in the services sector fell by 18.9%, output in the production sector fell by 15.6%, and output in the construction sector fell by 41.5% compared to 2020 Quarter 1.

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