Economy

The economy of Scotland had an estimated GDP of $205 billion in 2020.

Economic theory shows that the decision for a region to remain in a country (or a union) or to secede results from a trade-off between the benefits of being part of a large country, and the costs  associated with more heterogeneity.

Scotland is economically viable as it has natural resources, a skilled population, strong trading relations, excellent industrial sectors and products, and a well developed financial sector.

With every passing election, Scotland seems to move closer to independence. Investment Monitor explores the obstacles the country would face should it leave the UK.

Independence is about the right of people in Scotland to decide their own future

We’re the ideal size

Scotland is a wealthy nation with a big economy

We’re educated and talented

We have extraordinary energy resources

, we have drawn together leading experts to examine the key issues, opportunities and challenges surrounding the prospect of independence. Much has changed since the 2014 referendum – most notably, the UK’s decision to leave the European Union.

This book is the first serious study of the likely road to independence, and the consequences for the Scottish people and the Scottish economy.

A poll for Prospect Scotland found that 75% of Scottish voters would vote for independence if they felt that the economic plan for an independent Scotland meant we would be better off. 

No new oil and gas fields can be approved for development.  Given the right policies, a just transition can generate more than three jobs in clean industries for every North Sea oil job at risk

"We make the case for maximum devolution of power and responsibility possible at any time, particularly in areas such as the economic levers and business policies. In turn, this will allow a Scottish Government to boost economic growth."