Scotland's Economy Remains Flat At 0.0% In The Second Quarter Of 2022

31st August 2022

The Chief Statistician has released statistics showing that the economy stayed flat at 0.0% during the second quarter of 2022, covering the period April to June.

Monthly statistics also released today show that GDP is estimated to have contracted by 0.8% in June, with decreases across the services and production sectors.

Change in gross domestic product (GDP) is the main indicator of economic growth. Over the year, compared to the second quarter of 2021, the economy has grown by 3.5%.

During the second quarter output in the Construction sector grew by 2.3%, output in Production contracted by 0.5%, and output in the Services sector contracted by 0.1%.

The second estimate of GDP for the second quarter of 2022 will be available in Quarterly National Accounts Scotland, published on 2 November 2022.