Gross Domestic Product (GDP)
Latest GDP Growth Figures: Scottish GDP fell 0.1% during the fourth quarter of 2011. The latest annual results show that Scottish GDP grew 0.5% during 2011 compared to 2010. Scottish quarterly GDP figures are produced in basic prices, also known as Gross Value Added (GVA). On the same basis, UK GDP fell 0.3% in the fourth quarter of 2011, and grew at an annual rate of 0.6% during 2011. Latest Quarterly GDP Statistics
next update: 18 July 2012
 GDP in Cash Terms: Scottish Gross Domestic Product in 2011 (excluding extra-regio)¹ was £124 billion. Including a population share of UK extra-regio activity, GDP in 2011 was £126 billion. Including the share of UK extra-regio activity occuring offshore from Scotland, GDP in 2011 was £151 billion. Latest Scottish National Accounts Publication (experimental²)
next update: 15 August 2012 1 - Activities on the continental shelf are not classified as occuring in any particular nation or region of the UK, but are counted as being extra-regio in official statistics. Figures are provided to illustrate the impact of attributing a share of extra-regio activity to Scotland. 2 - The SNAP data are mainly in a development phase and do not yet meet the rigorous quality standards of National Statistics. The data sources and methodologies are currently undergoing peer review and are liable to be revised on an ad-hoc basis as methods and data sources are developed. |