GDP in Scotland estimated to be £142 billion

Staff writer ▼ | May 9, 2016

The latest publication of Quarterly National Accounts Scotland statistics was announced by Scotland’s Chief Statistician.

Country data According to Chief Statistician:

This release includes results for GDP and its components, household income and expenditure, and public sector revenues up to the fourth quarter of 2015 (October-December) as well as the first estimates for 2015 as a whole.

In 2015 as a whole, annual onshore Gross Domestic Product (GDP) in Scotland is estimated to have been £142 billion in total, or around £26,500 per person.

Including a population share of UK extra-regio (offshore and overseas) economic activity, Scottish GDP is estimated at £143 billion in total, or around £26,700 per person.

Including a geographical share of all offshore activity occurring in Scottish adjacent waters, total Scottish GDP is estimated at £152 billion in total, or around £28,400 per person.

In 2015 Q4, Gross Disposable Household Income (GDHI) is estimated to have increased by 2.1% over the year from 2014 Q4 (in current prices, not real terms).

The Household Savings Ratio is 6.3 per cent in the latest quarter, down from 9.1 per cent in the same period in the previous year. ■