Scottish Economy Grows 0.8%
5 July 2017
The Scottish economy grew by 0.8% during the first
quarter of 2017, according to statistics announced today by
Scotland's Chief Statistician.
Change in gross domestic product (GDP) is the main indicator of
economic growth in Scotland. The latest
Gross Domestic Product release, covering the period January to
March 2017, shows the economy grew by 0.8% compared to the previous
three months. On an annual basis, compared to the first quarter of
2016, the Scottish economy grew by 0.7%
During the first quarter of 2017 output in the services industry
in Scotland grew by 0.3%, production grew by 3.1% and construction
contracted by 0.7%.
Industries which represent a large proportion of the economy or
which have big quarterly changes have the most impact on overall
GDP. The industry which had the greatest contribution to change in
the Scottish economy in the first quarter of 2017 is Production
(which accounted for 0.6 percentage points of total growth).
Scotland's GDP statistics are seasonally adjusted, so regular
patterns such as the increase in retail leading up to Christmas are
taken into account and don't affect the final figures.
The full statistical publication, tables and results of the survey
of users of Scottish GDP data is available at:
A visual summary of the key findings from this publication is
All data in this bulletin have been adjusted to allow for
meaningful comparisons over time. Estimates are seasonally adjusted
and have had the effect of price changes removed.
This publication presents results for what is commonly referred to
as the "onshore economy", which means they exclude oil and gas
extraction activity in the North Sea.
Further information on Scottish economic statistics can be
accessed at http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/
These estimates are compiled in line with the Code of Practice for
Official Statistics - more information on the standards of official
statistics in Scotland can be accessed at: http://www.scotland.gov.uk/Topics/Statistics/About
Source - The Scottish Government website