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Subject: Economy and Finance

Scotland's GDP: Second quarter 2020

Author(s): Andrew Aiton

This briefing looks at the latest quarterly data from the Scottish Government on Scotland's GDP.

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Total output in Scotland has fallen dramatically since the start of 2020. The data for these charts can be accessed through the link below.
Source: Gross domestic product - first estimate: 2020 quarter 2

All sectors have seen large falls in output since the start of 2020. Of the broad sectors, construction has seen the largest fall. In general, service sectors have been harder hit than production sectors.
Source: Gross domestic product - first estimate: 2020 quarter 2

About the data

This publication looks at the data on Scottish GDP published by the Scottish Government. It is pulled directly from the Gross Domestic Product: Quarterly Output by Industry1 section on the statistics.gov.scot website.

Key points about the data:

  • The data used is for the "onshore economy" meaning it does not include output from the North Sea.

  • The data is in real terms. This means growth rates have been adjusted to have the effect of price changes removed.

  • The data has been seasonally adjusted.

More information about the data can be found on the Scottish Government website.

Sources

Scottish Government. (2020, September 16). Gross Domestic Product: Quarterly Output by Industry. Retrieved from <a href="https://www.gov.scot/publications/about-gdp/pages/about-gdp/" target="_blank">https://www.gov.scot/publications/about-gdp/pages/about-gdp/</a> [accessed 20 October 2020]