Gross Domestic Product for Scotland

18th October 2012

Gross Domestic Product for Scotland for the Second Quarter of 2012.

Scotland's Chief Statistician today announced the release of Gross Domestic Product for Quarter 2 2012.

This quarterly publication measures growth, in real terms, of Gross Domestic Product at Basic Prices, also known as Gross Value Added, for Scotland.

The main findings are:

GDP fell by 0.4 per cent during the second quarter of 2012. On an annual basis, comparing the latest four quarters to the previous four quarters (4Q on 4Q basis) growth was flat, estimated at 0.0 per cent.
During the second quarter of 2012 there was growth of 0.2 per cent in the Services sector, Production sector output fell by 3.8 per cent and Construction sector output grew by 2.0 per cent.
On an annual basis (4Q on 4Q) output in the Services sector has grown by 1.0 per cent, the production sector has grown by 0.3 per cent and the Construction sector fell by 10.0 per cent.

Report at
www.scotland.gov.uk/Topics/Statistics/Browse/Economy/GDP2012Q2