Economic growth

The difference (percentage point) between GDP growth rate and the previous three year average. Find out more about this indicator.

The annual GDP growth rate in Scotland in 2019 was 0.7% and the average annual GDP growth rate over the previous three years was 1.2%. As the most recent growth rate was more than 0.1 percentage points lower than the average for the previous three years, economic growth is currently worsening.

The annual GDP growth rate of Scotland was 0.4 percentage points lower than the average of the previous three years, indicating worsening economic conditions.

The annual rate of change of GDP in Scotland in 2020 was -9.62% and the average annual GDP growth rate over the previous three years was 1.04%, giving a difference of -10.7%.

As the most recent growth rate was more than 0.1 percentage points below than the average for the previous three years, economic growth is currently worsening.

Due to the requirement for many industries to cease trading during the lockdown for COVID-19, the annual GDP growth rate of Scotland in 2020 was 10.7 percentage points lower than the average of the previous three years, indicating worsening economic conditions. 

In 2020, the COVID-19 pandemic necessitated the shutdown of economic activity in many parts of the Scottish economy, which led to the single biggest annual fall in Scottish GDP since the earliest estimates in 1963. More context about the economic impacts of the COVID-19 pandemic on Scotland, the UK and globally is available in the State of the Economy.

Performance Worsening

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