An official publication of Scottish development statistics
Scotland's domestic GDP grew by 0.6% in January 2024, according to statistics announced by the Chief Statistician. This follows unrevised growth of 0.4% in December 2023.
In the three months to January, GDP is estimated to have fallen by 0.1% compared to the previous three-month period. This indicates a slight increase in growth relative to the unrevised decline of 0.6% in the fourth quarter of 2023 (October to December).
Output in the services sector, which represents about three-quarters of the economy, grew 0.5% in January. Output in the manufacturing sector is estimated to have grown by 0.4% in January. The largest contribution to total GDP came from the growth in the production of professional, scientific and technical services.
Background
He last post is available online.
All results are seasonally adjusted and presented in real terms (adjusted to eliminate inflation). GDP growth relates to Scotland's onshore economy, meaning it does not include offshore oil and gas extraction production.
Gross Domestic Product (GDP) measures the output of the economy in Scotland. Monthly estimates have been developed to help track the economic impact of the COVID-19 pandemic. These are designated as official developing statistics. This means that they are still in development but have been released to allow use at an early stage. All results are provisional and subject to relatively high levels of uncertainty.
More information on GDP statistics is available online.
These estimates are compiled according to the Code of practice for statistics โ more information on official statistics standards can be accessed online.
