Population | 5.44 Million
Unemployment Rate | 3.5% (2020) -a drop from 8.8% in 2010
GDP | USD132 Billion
Interested in Scottish property? Download our Scotland Investor Guide to learn about local laws, tax, mortgages, acquisition costs, letting & management and more.
Scotland has long been famed for its resilience in the face of adversity and this reputation extends to its economy. In the past two decades, Scotland has shown positive GDP growth, mimicking the trend of the Greater UK.
Traditionally Scotland’s economy was industry dominated, particularly in ship-building, coal-mining and steel.
Since the decline of heavy manufacturing, the economy is moving towards knowledge-based and service-oriented industries.
To learn more about the changing environment for investment, download our latest Scotland project brochure.
USD132 Billion GDP (2020)
5.44 Million (2020)
As Scotland’s largest city, Glasgow is a leading destination for economic output.
With a 2019 GVA of £20 billion, Glasgow produces approximately 14% of all Scottish output and is home to 28% of all Scottish companies providing a third of the country’s jobs.
Glasgow is not only an academic and cultural hub in Scotland but also the economic powerhouse of the country. Explore the 8 reasons we’re investing in this buzzing metropolis below: The Economy Is Focused On New High-Growth Industries. The Population Is Growing at An Alarming Rate. House Prices And Rents Are Predicted To Keep Rising. […]Continue Reading