Monthly Gdp Estimates For September

29th November 2023

Scotland's onshore GDP grew by 0.1% in September, according to statistics announced today by the Chief Statistician. This follows 0.2% growth in August (revised up from 0.1%).

In September, output in the services sector, which accounts for around three quarters of the economy, is estimated to have fallen by 0.4%, after growth of 0.4% in August. Production sector output grew by 2.7% in September, with growth of 17% in Electricity and Gas Supply making the largest positive contribution to the overall GDP result.

In the three months to September, GDP is estimated to have grown by 0.4% compared to the previous three month period. This reflects a growth in the economy during the third quarter of 2023, after the 0.3% contraction in Quarter 2 2023 (April to June) reported in the Quarterly National Accounts, released 1 November 2023.