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Quarterly National Accounts 2013 Quarter 2

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Title:Quarterly National Accounts 2013 Quarter 2
Description:Scottish National Accounts Project: Quarterly National Accounts for 2013 Quarter 2
File:Statistical Bulletin - Quarterly National Accounts 2013 Q2 [PDF, 360.8 kb: 12 Nov 2013]
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File:Tables - Quarterly National Accounts 2013 Q2 [XLS, 440.3 kb: 12 Nov 2013]
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Title

Quarterly National Accounts Scotland

Quarter 2 2013 

An Experimental Statistics Publication For Scotland

Date: 13 November 2013

Key Findings

KEY FINDINGS          

On an annual basis, onshore Scottish Gross Domestic Product (GDP) is estimated to have been £129 billion in the twelve months to the second quarter of 2013. GDP per capita was £24,200.

·           If a population share of extra-regio (offshore) activity is assigned to Scotland, annual GDP in 2013 Quarter 2 is estimated as £131 billion in total, or £24,600 per capita.

·           Including a geographical share of extra-regio (offshore) activity, annual GDP in 2013 Quarter 2 is estimated as £151 billion in total, or £28,300 per capita.

·           Compensation of employees grew by 2.0% in nominal (current price) terms during the second quarter of 2013, and grew by 3.2% compared to 2012 Quarter 2.

·           Household final consumption expenditure , was unchanged in current prices (0% growth) during the second quarter of 2013. The level of household expenditure is now 3.9% higher (£760 million) that in 2012 Q2.

·           The household savings ratio was 8.0% in the second quarter of 2013, up slightly compared to the previous quarter. Compared to a year earlier it has reduced from 11.1% in 2012 Quarter 2.

 

ABOUT THIS PUBLICATION

This release is the first regular publication from the Scottish National Accounts Project (SNAP). It provides users with a number of key macroeconomic statistics for Scotland, including Gross Domestic Product (GDP) measured using output, income and expenditure approaches, estimates of UK extra-regio activities attributable to Scotland, household sector accounts, and public sector revenues.  

References to change over time are based on seasonally adjusted figures. With the exception of Tables 1 and 2, estimates are given in current prices, sometimes called nominal or cash terms, without any adjustment for inflation.

This release is currently classed as an experimental statistics publication. These are defined in the Code of Practice for Official Statistics as new official statistics undergoing evaluation. They are published in order to involve users and stakeholders in their development and as a means to build in quality at an early stage.

Assessment by the United Kingdom Statistics Authority

The UK Statistics Authority is currently assessing this release towards designation as a National Statistics product. If you would like to provide feedback on any aspect of this publication, or on the SNAP statistics in general, please contact us by email to: economic.statistics@scotland.gsi.gov.uk.