Scotland

Facts

Economy
The economy of Scotland had an estimated nominal gross domestic product (GDP) of up to £152 billion in 2015. In 2014, Scotland's per capita GDP was one of the highest in the EU. Scotland has a Western-style open mixed economy closely linked with the rest of the UK and the wider world. Traditionally, the Scottish economy has been dominated by heavy industry underpinned by shipbuilding in Glasgow, coal mining and steel industries. Petroleum related industries associated with the extraction of North Sea oil have also been important employers from the 1970s, especially in the north-east of Scotland. Whisky is one of Scotland's more known goods of economic activity.