All industries contracted in the second quarter of the year, with construction hardest hit.
Nicola Sturgeon said the impact of coronavirus means this year's isn't 'a normal programme for government'.
The annual Government Expenditure and Revenue Scotland report covers the last tax year up to March, when the pandemic hit.
The country's GDP plummeted during early months of lockdown although it grew by 5.7% in June.
The economy grew by 1.5% in May but it is still down by nearly a quarter compared to February.
The Federation of Small Businesses said a high street voucher scheme would be an economic 'shot in the arm'.
The FM said lifting restrictions too quickly risks a second wave which would be 'economically counterproductive'.
Job losses are expected across its head office in Glasgow and distribution centre in Bellshill.