Scottish economy grows 1% in third quarter of 2021

Scotland’s Chief Statistician has released statistics showing that the economy grew by 1% during July to September 2021.

Scottish economy grows 1% in third quarter of 2021

Change in gross domestic product (GDP) is the main indicator of economic growth. Over the year, compared to the third quarter of 2020, the economy has grown by 7.1%.

During the third quarter output in the construction sector contracted by 1.5%, production output contracted by 3.1%, and output in the services sector grew by 2.1%.



Compared to the same quarter last year, Services have grown by 8.2%, Production has grown by 1.4%, Construction has grown by 10.4% and Agriculture, Forestry & Fishing has grown by 2.2%.

As of 2017, three quarters (77%) of the Scottish economy was accounted for by Services industries. Production industries accounted for 16%, Construction for 6% and Agriculture, Forestry & Fishing for 1%.

The second estimate of GDP for the third quarter of 2021 will be available in Quarterly National Accounts Scotland, published on 9 February 2022.

The first estimate of GDP for the fourth quarter of 2021 will be published on 16 March 2022.

Share icon
Share this article: