Hits: 6529

economyDespite the aftermath of the global recession, Westminster's austerity policy and the slump in global oil prices, Scotland's economy is buoyant - and, under the watch of the devolved Scottish Government shows signs of significant growth.

Every quarter, the Economic Research Team at Scottish Enterprise produce a mini-report (Scottish Key Facts) which provides a snapshot of Scotland's economy. Much of the information is based on historic values and previous reports, but, when they become available, the latest figures are included.

Most of the information included in this article is based on the February 2016 report. The various facts and figures are shown in a tabular form, but where appropriate (to make the information easier to understand at a glance) we have converted the data into pie charts and histograms and these appear alongside the original data for comparison.

The report highlights the 12 main sectors that contribute to Scotland's economy and gives a detailed breakdown of the current activity within each.

We will update the article when new data becomes available.

The original 'Key Facts' document can be downloaded from this link: Scottish Keyfacts - February 2016

 

Scotland - Some Basic Facts

General Statistics

Population
5,347,600
(2014)
Area
78,807
km2
Gross Domestic Product
£142bn
(2015, Q2)
Total GDP growth on year
1.7%
(2015, Q3)
GDP per Capita*
£26,500
(2015, Q2)
Employment Rate (16-64)
74.9%
Sept-Nov
Number in Employment
2,631,000
Sept-Nov
Unemployment Rate (16+)
5.4%
Sept-Nov
Number Unemployed
152,000
Sept-Nov
Average Gross Weekly Wage (f/t)
£527
2015

Scotland Cartogram

 

Data Sources: latest data from Mid 2014 population estimation and Office for National Statistics. GDP Bulletin, Scottish Government Quarterly National Accounts Scotland (onshore figure)*, Labour Market briefing (Jan 2016)

 

Scotland's Population

 
City
City Region*
Glasgow
593,200
1,787,500
Edinburgh
476,600
1,313,700
Aberdeen
222,800
475,800
Dundee
147,300
410,000
Stirling
48,480
90,200
Perth
47,180
146,700
Inverness
46,870
232,100

*City regions Aberdeen: Aberdeen, Aberdeenshire. Dundee: Dundee, Angus. Edinburgh: Edinburgh, East&West Midlothian, Fife&Borders. Glasgow: Glasgow, N&S Lanarkshire, E&W Dunbartonshire, E.Renfrew&Renfrewshire, Inverclyde. Inverness: Inverness, Highland. Perth: Perth, Perth&Kinross. Stirling: Stirling.

city populations

 

Data Sources: Mid-2012 Populations Estimates for Settlements and Localities in Scotland (table 2A) and 2011 Census: First Results on Population and Household Estimates for Scotland - Release 1B

 

Sector Profiles

GDP at basic prices (GVA) £m
2012
2013
Aerospace
376
561
Business Services
6,211
6,784
Construction
5,954
6,206
Creative Industries (inc. Digital)
2,990
3,701
Energy (including Renewables)
22,942
23,956
Financial & Insurance
7,772
8,128
Food & Drink
4,710
5,254
Life Sciences
1,723
1,729
Manufacturing
11,937
12,499
Retail
6,680
7,138
Shipbuilding
457
415
Spirits (including Whisky)
2,015
2,082
Tourism Related Industries
3,228
3,471

 

Sector Profiles

 

Data Sources: Scottish Government Growth Sector Database (Feb 2016), Regional GVA Income Approach (Dec 2015) (table 6). This survey does not cover certain sectors, The sectors here are defined as per Scottish Government sector definitions, which may differ from Scottish Enterprise Industry definitions.

 

Employment by Broad Industry Groups (Thousands)

Agriculture, Forestry & Fishing
78
Mining, Quarrying & Utilities
63
Manufacturing
176
Construction
137
Motor Trades
47
Wholesale
72
Retail
241
Transport & Storage (inc. Postal)
98
Accommodation & Food Services
192
Information & Communication
63
Finance & Insurance
86
Property
34
Professional, Scientific & Technical
163
Business Admin & Support Services
181
Education
187
Health
383
Public Administration
143
Other
117

 

 

Employment by Group

 

Data Source: Business Register and Employment Survey (BRES), 2013 revised, Table 4 - Regional level employment (thousands) by BIG (public/private sector split).

 

Business in Scotland

Data Source: Business in Scotland 2015 (November 2015); Scottish Government

 

Innovation

Scottish Business Enterprise R&D (BERD) expenditure was £905 million in 2014, which represented 0.64% of Scottish GDP in 2014 (comparable to 1.09% for the UK).

BERD expenditure in Scotland is dominated by the Manufacturing sector (£488 million), followed by the Services sector (£245 million) and then Other sectors (£172 million), such as Extractive industries.

The graph below shows how Scotland compares against other areas of the UK – in terms of BERD expenditure as a share of GDP.

 

Business Enterprise Research & Development (BERD) as % of GDP

Region/Country
% GDP
United Kingdom
1.05
North East
0.5
North West
0.6
Yorkshire and Humber
0.35
East
2.6
East Midlands
1.4
West Midlands
1.5
London
0.35
South East
1.6
South West
1.1
Wales
1.1
Scotland
0.6
Northern Ireland
1.2

 

innovation

Within the UK, a high share of BERD expenditure takes place within the South East (22.1%) and the East of England (21.2%) regions, which together are responsible for 43.3% of all R&D expenditure in the UK. In terms of expenditure as a percentage of GDP, Scotland ranked eighth out of the 12 UK regions/countries in 2014.

Scottish GERD, which comprises R&D undertaken by the Business (BERD), Higher Education (HERD), Government (GoveRD) and Private Non-Profit (PNP) sectors was £2,070 million in 2013, 7.2% of the UK total. In nominal terms, GERD increased by 7.9% between 2012 and 2013. In real terms this represents an increase of £111 million or 5.7%. GERD (excluding PNP) was 1.55% of Scottish GDP in 2013; this compares to 1.67% for the UK and 1.92% for the EU.

Data Source: Business Enterprise Research and Development Scotland 2014 (Dec 2015) Scottish Government and Gross Expenditure on Research and Development Scotland 2013 (Apr 2015)

 

International Exports

The total nominal value of Scotland’s International Exports (excluding Oil and Gas) decreased in the last year, falling by £920 million (3.2%) from £28.4 billion in 2013 to £27.5 billion in 2014.

Over the period from 2010 to 2014, international exports increased by £4.0 billion (17.3%), increasing from £23.4 billion in 2010 to £27.5 billion in 2014.

 

Top International Export Industries

Key
Industry
£billion
cyan-light
Food and Drink
(of which Whisky)
5.0
4.0
orange-light
Oil and Gas Supply Chain*
4.2
grey-light
Professional Services
2.3
yellow-light
Petroleum and Chemicals
2.1
red-light
Mining
1.9
green-light
Wholesale
1.8

top export sectors

 

Top 5 Export Destinations

Key
Destination
£billion
cyan-light
United States of America
4.0
orange-light
The Netherlands
1.9
grey-light
France
1.9
yellow-light
Germany
1.8
red-light
Norway
1.2

top 5 export destinations

 

International Exports by Region

Key
Region
£billion
cyan-light
European Union (28)
11.6
orange-light
North America
4.4
grey-light
Asia
2.9
yellow-light
Rest of Europe
2.4
red-light
Middle East
1.7
green-light
Central & South America
1.5
cyan-dark
Africa
1.5
orange-dark
Unallocable
0.9
grey-dark
Australasia
0.6

 

 

international exports

 

 

Data Sources: Export Statistics Scotland 2014, Scottish Government, Jan 2015, * Survey of International Activity in the Oil & Gas Sector 2013-14 (direct only international sales) HMRC.

 

Educationmoly med

Data Sources: Higher Education Students and Qualifiers at Scottish Institutions 2013-14 - Mar 2015 (SFC); *Outcome Agreements for Universities Indicative Funding Decisions for AY 15-16 (SFC); **Outcome Agreements for Colleges Indicative Funding Decisions for AY 15-16 (SFC).

 

Chemical Sciencesmoly med

* Turnover and GVA figures for 2012 are being reassessed as a result of large company reclassifications/restructures, which follows a trend amongst multinational companies towards restructuring on an international basis. Such restructuring has caused companies to be classified under different sectors to those they have historically occupied, with movements from traditional production industries (in particular SIC 20 - Chemicals) towards wholesalers and toll processors (SIC 46 – Wholesale Trade)

 

Constructionhardhat and plans 300

 

Creative Industriescreative2 300

 

Technology and Engineeringtech1 300

 

Aerospace, Defence and Marine (AD&M)typhoon 300

 

Energy and Low Carbon Technologieswind solar 300

 

Financial and Business Servicesmoney pound notes 300

 

Food and Drinkscottish food 300

 

Forest and Timber Technologiesforester loading 300

 

Life Sciencesdrugs 300

 

TextilesHarris Tweed 300

 

Tourismwelcometoscotland 300

 

1
1
socialbuttons
0
s2smodern