Gross Domestic Product - Latest GDP Trends

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The main findings of the latest figures are:

GDP rose by 2.1 per cent annually and increased by 0.3 per cent in the first quarter of 2008 (seasonally adjusted).
In the year to end-March 2008, the Scottish service sector grew by 3.2 per cent, the production sector fell by 0.4 per cent and the construction sector fell by 2.9 per cent.
In the first quarter of 2008, the service sector grew by 0.5 per cent, the production sector declined by 0.1 per cent and the construction sector fell by 0.4 per cent.

UK Figures:

The UK figures show that GDP rose by 2.8 per cent in the year to end-March 2008 and by 0.3 per cent in the first quarter of 2008.
Over the year, the UK experienced 3.5 per cent growth in services, 0.5 per cent growth in production and the construction sector grew by 2.4 per cent.
In the first quarter of 2008, the UK service sector grew by 0.3 per cent, the production sector declined by 0.2 per cent and the construction sector grew by 0.4 per cent.

Scottish and UK Gross Domestic Product: Annual Growth

Source: Gross Domestic Product, Scottish Government

Further Information