The Scottish economy

Scotland’s population is around 5.5 million people, with a workforce of under 3 million. The average full time monthly salary before tax is £2,200 or around $2,900. The population is mainly spread across seven cities – Glasgow, Edinburgh, Inverness, Aberdeen, Perth, Dundee and Stirling. Edinburgh, the capital, is the UK’s most entrepreneurial city, whilst ranking second for quality of life in a recent survey of 47 cities.

5.5 million Population

There are 5.5 million people in Scotland.

70% Increase

In research and development projects, on the previous year.

50% Further education

Over half the population undertakes further education

Businesses in Scotland

There are around 366,000 private sector enterprises currently operating in Scotland. 99.4% of these companies are small or medium-sized enterprises.

Scotland’s main sectors ordered by value added to the economy are:

  • Energy
  • Financial and business services
  • Engineering
  • Construction
  • Digital
  • Food and drink
  • Creative industries
  • Tourism
  • Life and chemical sciences
  • Forestry
  • Textiles

Read more about Scotland's key sectors

Foreign direct investment

Scotland is the most attractive location in the UK outside of London for foreign direct investment, according to the latest EY FDI Attractiveness Survey.

The survey also found that Scotland secured 24% of all research and development projects coming to the UK, representing a 70% increase on the previous year.

Digital projects showed a 56% increase and manufacturing projects rose by 25%.

Read our EY Attractiveness Survey highlights

GDP

Scottish GDP in the third quarter of 2017 was £151.2 billion, growing at a rate of 1.1% per year.

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Ey survey

Scotland remains the UK's most attractive location for foreign direct investment outside of London.

Our people and skills

Companies that invest in Scotland have access to an exceptionally educated, skilled and talented workforce.

Financial and tax incentives

We can provide the financial support you need to make your project come alive.

If you have any questions or want to talk with one of our advisers, we’re always ready to help.