Onshore GDP up 0.4% in December after October fall

Scotland’s onshore gross domestic product (GDP) grew 0.4% in December, according to Scotland’s Chief Statistician.

This followed 0.8% contraction in October and no growth (0.0% change) in November.

In December, output in the services sector, which accounts for around three quarters of the Scottish economy, is estimated to have remained flat (0.0% change), after growth of 0.6% in November.

Production sector output grew 2.6% in December, with growth of 11% in electricity and gas supply making the largest contribution to the overall GDP result.

In the three months to December, Scotland’s GDP is estimated to have fallen by 0.6% compared to the previous three month period.

This follows growth of 0.4% in the previous three month period (July to September).

For the whole of 2023, Scotland’s GDP grew by 0.2% compared to 2022.

The figures for Scotland’s GDP do not include the output of offshore oil and gas extraction — which is included in the headline UK figures.