This item was published during the term of a previous administration that ended in April 2007
Listen
GDP for third quarter of 2006
24/01/2007
Gross Domestic Product in Scotland rose by 2.3 per cent over the year to the end of 2006 Q3 and grew by 0.5 per cent during the third quarter of 2006 according to provisional estimates released today.
The main findings of the latest figures are:
- GDP rose by 2.3 per cent over the year to the end of 2006 Q3 and grew by 0.5 per cent over the third quarter of 2006 (seasonally adjusted)
- Over the year to the end of 2006 Q3, annual output in the Scottish service sector grew by 2.8 per cent, compared with a 0.5 per cent decrease in the production sector and a 5.5 per cent rise in construction
- In the third quarter of 2006, the service sector grew by 0.4 per cent, the construction sector rose by 2.4 per cent and the production sector by 0.2 per cent
UK Figures:
- The UK figures show that GDP rose by 2.6 per cent over the year to the end of 2006 Q3 and by 0.7 per cent over the latest quarter
- Over the year to the end of 2006 Q3, the UK experienced a 3.6 per cent growth in services, a 0.9 per cent decline in production and the construction sector grew by 0.3
Industry Analysis:
- Over the latest quarter, the service sector in Scotland grew by 0.4 per cent. Within this sector the real estate & business services (+0.6 per cent) sector was the main driver of the quarterly increase, followed by transport (+2.2 per cent), and retail (+1.4 per cent). Public admin, education & health (-0.2 per cent) and other services (-0.5 per cent) both declined over the latest quarter. All other service industries grew over the quarter
- Output in the production sector grew by 0.2 per cent over the quarter. Within production, the electricity, gas & water supply sector grew by 4.7 per cent. This was partially offset by the mining & quarrying (-2.7 per cent) and manufacturing (-0.4 per cent) industries
- Within manufacturing the main industry showing a decline over the quarter was electrical & instrument engineering (-7.2 per cent). Other industries contributing to the decline but to a lesser extent were paper, printing & publishing (-3.1 per cent) and drink (-0.8 per cent). The main sectors showing growth over the quarter were transport equipment (+9.5%), chemicals & man-made fibres (+3.6 per cent) and food & tobacco (+2.3 per cent)