Monthly GDP Estimates For October 2021

23rd December 2021

Scotland's onshore GDP grew by 0.2% in October, according to statistics announced today by the Chief Statistician. Output is now 0.4% below the pre-pandemic level in February 2020.

Output in the services sector, which accounts for around three quarters of the economy, grew by 0.3% in October, with increases in eight of the 14 subsectors. Growth in the health and social work subsector made the largest positive contribution to overall growth for the second consecutive month.

Output in the production sector, which accounts for around 16% of the economy, increased by 1% in October. There was growth in three of the four subsectors, including an increase of 5.6% in electricity and gas supply, which offset a fall of 1% in the manufacturing subsector.

Output in the construction sector, which accounts for around 6% of the economy, is estimated to have fallen by 3.4% in October.

In the three months between August and October, GDP is estimated to have grown by 0.7% compared to the previous three month period (May to July). This reflects a slowdown in growth during the fourth quarter so far, relative to the increase of 1% in Quarter 3 (July to September).