Monthly GDP Estimates For May 2022

28th July 2022

Scotland's onshore GDP increased by 0.6% in May, after the fall of 0.5% in April, according to statistics announced today by the Chief Statistician. Output is now 1.1% above the pre-pandemic level of February 2020.

In the three months to May, GDP is estimated to have grown by 0.7% compared to the previous three month period. This indicates a slowdown in growth during Quarter 2 so far, after the increase of 1.0% in 2022 Quarter 1 (January to March) which was confirmed to be unrevised in the Quarterly National Accounts publication also released today.

In May, output in the services sector, which accounts for around three quarters of the economy, increased by 0.4% in total. At the broad level, output in consumer facing services grew by 1.6%, while health, education and public services output decreased by 0.4%, and output in all other services increased by 0.5%.

Overall output in the production, construction and agriculture sectors grew by 1.1%.