Scotland’s 2018 GDP, including oil and gas extraction in Scottish waters, has been estimated at £179.5 billion or around £32,900 per person — compared to GDP per head for the UK as a whole of around £31,900.
That’s according to the latest GDP Quarterly National Accounts, Scotland.
The report said: “In 2018, the latest estimate of the annual value of Scotland’s onshore GDP in current prices (i.e. not adjusted for inflation) is estimated at £163.3 billion, or around £29,900 per person.
“Including oil and gas extraction in Scottish waters, Scotland’s GDP is estimated at £179.5 billion, or around £32,900 per person.
“GDP per head for the UK as a whole was around £31,900.”
The report added: “Scotland’s GDP grew by 0.6% in real terms during the first quarter of 2019 compared to the previous quarter, revised up from the first estimate of 0.5%.
“The equivalent growth rate for the UK as a whole was 0.5%.
“Compared to the same quarter last year, Scotland’s GDP has grown by 1.5%, revised up from the first estimate of 1.4%.
“Equivalent UK growth over the year was 1.8%.
“In 2018, the latest estimate of Scotland’s annual GDP growth is 1.4% compared to 2017. Equivalent annual UK growth was 1.4%.
“As reported in the first estimate, the largest single contribution to growth this quarter was the manufacturing sector (+2.3%), with particularly strong performances in the Pharmaceuticals and Drink industries.
“This strength is also seen in the estimates for manufactured exports to the rest of the world, which increased by a total of 1.4% in the latest quarter.”