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Tuesday, December 6, 2022

Economy Grows 4.7% in The Second Quarter of 2021

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The Chief Statistician has released statistics showing that the economy grew by 4.7% during April to June 2021.

Change in gross domestic product (GDP) is the main indicator of economic growth.

Over the year, compared to the second quarter of 2020, the economy has grown by 21.7%.

During the second quarter output in the Construction sector grew by 3.3%, output in Production grew by 3.5%, and output in the Services sector contracted by 5.2%.

The second estimate of GDP for the second quarter of 2021 will be available in Quarterly National Accounts Scotland, published on 3 November 2021.

The first estimate of GDP for the third quarter of 2021 will be published on 15 December 2021.

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