7 Key Strengths of Scotland’s Economy
The Scottish Government has outlined the positive case for independence, highlighting Scotland’s seven key economic strengths.
1. Overall Wealth: An independent Scotland would be ranked 6th in the OECD in terms of GDP per head, compared to the UK's sixteenth place (in 2010).
2. Oil: There is up to 24 billion barrels remaining in the North Sea. Such a figure equates to a wholesale value of some £1.5 trillion in today's prices.
3. Renewables: Scotland has around 25 percent of Europe’s potential offshore wind and tidal energy, and a tenth of Europe’s wave power potential.
4. Food & Drink: The latest food and drink export figures show exports are at an all time high of £5.4 billion, and growing.
5. Public Finances: In terms of our public finances, Scotland is better off than the UK as a whole to the tune of £510 for every man, women and child in Scotland in the most recent year (2010/11).
6. Education: Scotland has five of the top 200 universities in the world.
7. Inward Investment: Scottish Development International are an award winning agency, with major companies continuing to locate in Scotland.