Scots onshore GDP above pre-pandemic levels

Scotland’s onshore economic output is now estimated to be back above pre-pandemic levels, according to new figures published by the Chief Statistician.

The figures show Scotland’s onshore gross domestic product (GDP) grew by 0.8% in November with output now back above the pre-pandemic level of February 2020 for the first time, by 0.6%.

These GDP figures relate to Scotland’s onshore economy — which means they do not include the output of offshore oil and gas extraction.

Output in the services sector, which accounts for around three quarters of the economy, grew by 0.5% in November, with increases in nine of the 14 subsectors.

Output in the production sector, which accounts for around 16% of the economy, grew by 1.7% in November.

There was growth in three of the four subsectors, including growth of 1.7% in the manufacturing subsector.

Output in the construction sector, which accounts for around 6% of the economy, is estimated to have grown by 3.6% in November.

In the three months to November, GDP is estimated to have grown by 1.3% compared to the previous three month period.

Economy Secretary Kate Forbes said: “This is fantastic news for the Scottish economy, with Scottish GDP estimates now above pre-pandemic levels.

“It reveals the fundamental underlying strengths of the Scottish economy, despite the many challenges of Covid-19.

“While we know our economic recovery remains fragile – not least due to the recent necessary public health measures introduced in response to the omicron variant – we can be confident that these latest GDP estimates signal a return to pre-pandemic levels which is extremely encouraging.

“The Scottish Government remains firmly focused on supporting our economy to fully recover and that is why we are working with businesses to invest in growth.”

About the Author

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.