Monthly Scottish Gdp Estimates For March

30th May 2024

Scotland's onshore GDP grew by 0.4% in March 2024, according to statistics announced by the Chief Statistician. This follows growth of 0.1% in February 2024.

In the first quarter of 2024 - the three months to March - GDP is estimated to have grown by 0.7% compared to the previous three month period.

In March output in the services sector, which accounts for around three quarters of the economy, grew by 0.7%. Output in the production sector is estimated to have contracted by 1.1% in March. The largest contribution to overall GDP came from contraction in Manufacturing and growth in the Retail, Wholesale & Motor Trades and Health & Social Work sectors.