Scottish Monthly GDP Estimates For December

23rd February 2022

Scotland's onshore GDP fell by 0.4% in December, according to statistics announced today by the Chief Statistician. Output remains above the pre-pandemic level of February 2020, by 0.1%.

Output in the services sector, which accounts for around three quarters of the economy, was flat (0.0% growth) in December. At the broad level, output in consumer facing services fell by 2.5%, while health, education and public services output increased by 0.9%, and output in all other services increased by 0.3%.

Output in the production sector, which accounts for around 16% of the economy, fell by 3.3% in December. Output in the construction sector, which accounts for around 6% of the economy, grew by 1.9% in December.

Using the experimental monthly statistics for Quarter 4 as a whole (October to December), GDP is provisionally estimated to have grown by 1.3% compared to Quarter 3.

Annual GDP is provisionally estimated to have grown by 7% in 2021, following the 10% fall in 2020.