Change in gross domestic product (GDP) is the main indicator of economic growth. Over the year, compared to the fourth quarter of 2021, the economy has grown by 0.6%. During the fourth quarter output in the Construction sector grew by 0.6%, output in Production contracted by -0.2%, and output in the Services sector remained unchanged (0.0% growth).
Monthly statistics also released today show that GDP is estimated to have contracted by -0.6% in December, with weak growth in the construction sector and decreases across the services and production sectors.
For more information go to: https://www.gov.scot/news/economy-grows-by-0-1-percent-in-the-fourth-quarter-of-2022/
