Scotland’s economy grows by 4.7% in second quarter of 2021

Official statistics were published on Wednesday.

Scotland’s economy grows by 4.7% in second quarter of 2021 iStock

Scotland’s economy has grown by 4.7% during April to June 2021, official statistics indicate.

The figures, published by the country’s chief statistician Roger Halliday, outlined the rise during the second quarter of 2021.

Change in gross domestic product (GDP) is the main indicator of economic growth.

Over the year, compared to the second quarter of 2020, the economy has grown by 21.7%.

During the second quarter, output in the construction sector grew by 3.3%, output in production grew by 3.5%, and output in the services sector contracted by 5.2%.

Scotland’s finance secretary Kate Forbes said the estimate shows that the country’s economy is continuing its recovery from the global pandemic.

“Today’s first estimate of a 4.7% increase in GDP for quarter two 2021 is a tribute to the adaptability and resilience shown by so many businesses during the pandemic,” she said.

“It is clear to see the growth in the second quarter reflects the removal of lockdown restrictions, increased mobility and the acceleration of the vaccination programme.

“Increasing economic prosperity is a key objective of this government because it is the means by which we invest in infrastructure, deliver public services and support our citizens.”

She added: “The pandemic is not over. Challenges remain and some sectors such as retail, tourism and hospitality still face obstacles on the road to recovery.

“But this GDP estimate clearly shows that Scotland’s economy is continuing its recovery from the global pandemic as we work with business and trades unions to build a greener, fairer and more prosperous economy with wellbeing at its core.”

Scottish Secretary Alister Jack said: “Today’s figures indicate that we are moving in the right direction, but there are still challenges ahead as we prioritise a strong, sustainable recovery.

“The UK Government introduced an unprecedented package of support to get us through the pandemic.

“Now, with the focus on our Plan For Jobs, we are helping people in all parts of the United Kingdom get back to work, building back better and stronger thanks to the huge success of the UK-Government funded vaccine programme.

“All this comes on top of the additional £14.5bn funding provided to the Scottish Government and £1.5 billion invested in growth deals across Scotland with our new Levelling Up and Community Renewal Funds set to benefit communities right across the UK.”

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