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Scotland GDP growth confirmed at 0.5% in Q2

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Staff Writer | October 31, 2018
Scotland street
Britain   Change in gross domestic product is the main indicator of economic growth

The Scottish economy grew by 0.5% during the second quarter of 2018, according to updated statistics announced by Scotland’s Chief Statistician.

The headline growth rate is unrevised from the first estimate published on 19 September. Compared to the same time last year, the Scottish economy has grown by 1.7%, also unrevised from the first estimate.

The GDP Quarterly National Accounts publication includes a second estimate of growth for 2018 Quarter 2 using data released since the first estimate was published.

The Quarterly National Accounts also includes a range of other statistics which are used for economic analysis, forecasting and modelling.

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland. Two estimates of Scotland’s GDP growth are now published each quarter on a faster timetable than previously available. The first estimate for 2018 Quarter 3 will be published on 19 December.


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