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Scottish GDP and Quarterly National Accounts for 2018 Quarter

2nd May 2019

Photograph of Scottish GDP and Quarterly National Accounts for 2018 Quarter

Scottish GDP growth is confirmed at 0.3% during the fourth quarter of 2018, according to updated statistics announced today by Scotland's Chief Statistician. For 2018 as a whole, annual GDP growth was 1.3% compared to 2017, revised down slightly from the first estimate published on 20 March 2019.

The GDP Quarterly National Accounts publication includes a second estimate of growth for 2018 Quarter 4 (October to December) using data which has been released since the first estimate was published. The Quarterly National Accounts also includes a range of other statistics which are used for economic analysis, forecasting and modelling.

During the fourth quarter of 2018, the latest data shows output in the Services sector grew by 0.5% and output in the Construction sector grew by 0.4%. Output in the Production sector fell by 0.8%, mostly due to relatively low levels of electricity production.

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland. Two estimates of Scotland's GDP growth are now published each quarter on a faster timetable than previously available. The first estimate for 2019 Quarter 1 will be published on 19 June 2019.

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