31st July 2025
Scotland's onshore GDP contracted by 0.2% in May 2025, according to statistics announced by the Chief Statistician. This follows growth of 0.1% - revised from -0.2% - in April 2025.
In the three months to May, GDP is estimated to have contracted by 0.4% compared to the previous three month period. This indicates a decrease in growth relative to 2025 Quarter 1, January to March, which saw growth of 0.4%.
In May, the largest negative contribution to headline GDP was in manufacturing, which contributed -0.4 percentage points to headline GDP. This was partly due to the cessation of oil refining activity at the Grangemouth oil refinery. The largest contributor to growth came from Professional, Scientific and Technical services, which contributed 0.2 percentage points to headline GDP.