GDP Quarterly National Accounts for 2020 Quarter 3

18th February 2021

Scotland's GDP is now estimated to have grown by 15.8% during Quarter 3, revised down from the first estimate of 16.0% published in December, according to statistics announced today by the Chief Statistician. The growth in the latest quarter follows contractions of 19.1% and 3.3% in the previous two quarters. Over the year, GDP is now estimated to have fallen by an upwardly revised 9.4% compared to 2019 Quarter 3.

During the third quarter, the latest estimates are that Services output increased by 13.5%, Production output increased by 18.8%, and Construction sector output increased by 52.0%, after most of the sectors and workplaces which were closed during the first lockdown were permitted to be open during this time.

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