Scots GDP fell 19% in April-June pandemic quarter

Scotland’s Chief Statistician has released statistics showing the Scottish economy measured by gross domestic product (GDP) contracted by 19.4% during the second quarter of 2020 that covered the April to June period.

Over the year, compared to the second quarter of 2019, GDP contracted by 21.1%.

GDP growth in this publication relates to Scotland’s onshore economy, which means it does not include the output of offshore oil and gas extraction.

During the second quarter, output in the construction sector contracted by 41.5%, output in production contracted by 15.7%, and output in the services sector contracted by 18.7%.

The second estimate of GDP for the second quarter of 2020 will be available in Quarterly National Accounts Scotland, published on October 28, 2020.

The first estimate of GDP for the third quarter of 2020 will be published on December 20, 2020.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.