Scottish GDP grew by 0.7 per cent during the third quarter of 2013, according to statistics announced today by Scotland’s Chief Statistician.
The latest Gross Domestic Product release, covering the period July to September, shows that total output in the economy grew by 0.7 per cent compared to previous quarter. On an annual basis, GDP grew by 2.1 per cent compared to the third quarter of 2012.
The services sector, which accounts for nearly three quarters of the economy, grew by 0.7 per cent during the latest period. The production sector grew by 0.6 per cent, and construction grew by 0.7 per cent.
The figures released today were produced by independent statistical staff, in accordance with professional standards set out in the Code of Practice for Official Statistics.
Notes to editors
The full statistical publication is available at http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/GDP2013Q3
This quarterly publication measures growth in real terms (adjusted for inflation) of Gross Domestic Product at basic prices, also known as Gross Value Added, for Scotland. The equivalent figures for the UK, produced by the Office for National Statistics, are included in table 2B.
Statistics in this release cover activities classified to the onshore economy in Scotland, and do not include oil and gas extraction in the North Sea.
Further information on Scottish economic statistics can be accessed at http://www.scotland.gov.uk/Topics/Statistics/Browse/Economy/
Official statistics are produced by professionally independent statistical staff – more information on the standards of official statistics in Scotland can be accessed at: http://www.scotland.gov.uk/Topics/Statistics/About