OCEA

Office of the Chief Economic Adviser (OCEA) in the Scottish Government. For queries please e-mail us at [email protected]

[OCEA @scotgovocea]

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Government Expenditure and Revenue Scotland
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[OCEA @scotgovocea]

Scotland’s GDP grew by 1.1% in 2024 compared to 2023. Over the same period UK GDP grew by 0.9%.

For publication click https://t.co/uLJvsK5Vkm

[OCEA @scotgovocea]

Scotland’s GDP remained flat (0.0% change) in real terms during the fourth quarter of 2024 (October to December), after growing 0.4% in the previous quarter (July to September).

For publication click https://t.co/uLJvsK5Vkm

[OCEA @scotgovocea]

Scotland’s onshore GDP is estimated to have grown by 0.6% in December 2024, following revised growth of 0.2% in November.

Monthly estimates of GDP are volatile, however higher levels of growth since March 2024 may indicate a change in trend.

Publication https://t.co/RulMqZQMLF

[OCEA @scotgovocea]

In 2024 Quarter 3 (July to September), Scotland’s GDP grew 0.4% (revised up from 0.3% in the first estimate) in comparison to Quarter 2. For the whole of the UK over Quarter 3, GDP showed no growth (0%).

For the publication click https://t.co/1amqO2PLpE

[OCEA @scotgovocea]

Scotland’s onshore GDP is estimated to have contracted by 0.5% in November 2024, after revised contraction of 0.4% in October, following stronger growth at the start of 2024.

For the publication click https://t.co/lTeuDvaYJM

[OCEA @scotgovocea]

Scotland’s onshore GDP is estimated to have contracted by 0.2% in October 2024, following unrevised growth of 0.3% in September.

Monthly estimates of GDP show a higher degree of volatility compared with quarterly estimates.

For today’s publication click https://t.co/U4OEA7CTRE

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The Scottish Economic Bulletin was published today providing latest analysis and forecasts on the Scottish economy, and includes analysis on the impact of increased employer National Insurance Contributions on businesses in Scotland. Link here: https://t.co/vN7tDWtKmO

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The Wellbeing Economy Governments (WEGo) partnership have published our first Annual Engagement Report, detailing group activity and engagement from October 2023 to September 2024. https://t.co/q1C2wUDBXg

[OCEA @scotgovocea]

Latest statistics for Scotland’s Devolved Employment Services published today show over 67,000 participants starting on the No One Left Behind approach between April 2018 and June 2024:
https://t.co/h5Q7zd1NCg

[OCEA @scotgovocea]

An Overview of Scotland’s International Competitiveness was published today which considers Scotland’s competitiveness, with a particular focus on Scotland’s attractiveness for inward investment. See further details at: https://t.co/1HiJ3zj7Ej

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The latest Scottish Economic Insights report was published today, providing in depth economic analysis and insights on Scotland’s economy, and highlighting analysis undertaken within the Scottish Government. See further details at: https://t.co/2so9vZwNOu

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The report provides insights on the impact of income tax on labour supply and cross border migration.

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Early HMRC estimates for July 2024 show there were 2.47 million payrolled employees in Scotland, 16,000 more than a year ago (July 2023)

The latest Labour Market Statistics for Scotland can be accessed at: https://t.co/MEBA3ulZWJ

[OCEA @scotgovocea]

A summary of ONS labour market statistics for Scotland (April to June 2024) published today. For further details see- Labour Market Trends August 2024 - https://t.co/MEBA3ulZWJ