Scotland’s onshore GDP contracted by 0.5% in November 2024, according to statistics announced by the Chief Statistician.

This follows a revised contraction of 0.4% (revised from -0.2%) in October 2024.

In the three months to November, GDP is estimated to have contracted by 0.3% compared to the previous three month period. This indicates a decrease in growth relative to the revised growth of 0.4% (revised from 0.3%) in 2024 Quarter 3 (July to September).

In November, the largest contribution to headline GDP was made by the Professional, Scientific and Technical Services sector which contracted by 3.5%, contributing -0.3 percentage points to the overall contraction.

The largest positive contribution was made by the Information & Communications sector which grew by 1.1%, contributing 0.1 percentage points towards GDP.