Economy of Glasgow

Economy of Glasgow
A view towards the city centre of Glasgow, home to some of Scotland's largest industries and employers
CurrencyPound Sterling (£)
Trade organisations
Core Cities Group
Country group
 Scotland
Economy of Scotland
Statistics
Population635,000 (City, 2021)
1.85million (Urban, 2021)[1]
GDP£25.8 billion[2]
GDP per capita
£36,458
$47,282[3]
Labour force
327,200 / 74.4% in employment (Jan 2023-Dec 2023)[a][4]
Labour force by occupation
List
  • 30.1% Professional Occupations
  • 19.7% Associate Professional Occupations
  • 10.4% Skilled Trades Occupations
  • 7.8% Caring, Leisure And Other Service Occupations
  • 6.3% Sales And Customer Service Occs
  • 5.6% Administrative & Secretarial Occupations
  • 3.4% Managers, Directors And Senior Officials
  • (Jan–Dec 2023)[b][5]
Unemployment16,800 / 5.1% (Jan 2023-Dec 2023)[c][6]

The city of Glasgow in the central belt of Scotland, encompasses the largest municipal and regional economy in Scotland. It is recognised as the largest contributor to the Scottish economy, and is the largest integrated economic region in Scotland and produces around a third of Scotland's output, business base, research power and employment. By Gross Domestic Product (GDP) figures, Glasgow City is the second highest amongst Scottish areas, behind, Edinburgh, and ahead of Aberdeen and Aberdeenshire.[7] In 2021, Glasgow's GDP was estimated at just under 25.8 billion pounds,[8] with an estimated £48billion in Gross Value Added (GVA) in 2021.[9]

Together with the countries capital city, Edinburgh and is associated economy, the central belt of Scotland is one of the 20 largest urban regions in Europe.[10] Based on Gross Value Added (GVA) and GVA per head figures in 2015, Glasgow's economy was the fifth largest amongst the cities of the United Kingdom.[11][12]

  1. ^ "Glasgow Economy | Prosperus UK Cities | Invest Glasgow". www.investglasgow.com. Retrieved 16 July 2024.
  2. ^ "Scotland GDP by region 2022". Statista. Retrieved 16 July 2024.
  3. ^ "Metroverse | Harvard Growth Lab". metroverse.cid.harvard.edu. Retrieved 15 July 2024.
  4. ^ "Labour Market Profile - Nomis - Official Census and Labour Market Statistics". www.nomisweb.co.uk. Retrieved 16 July 2024.
  5. ^ "Labour Market Profile - Nomis - Official Census and Labour Market Statistics". www.nomisweb.co.uk. Retrieved 16 July 2024.
  6. ^ "Labour Market Profile - Nomis - Official Census and Labour Market Statistics". www.nomisweb.co.uk. Retrieved 16 July 2024.
  7. ^ "Scotland GDP by region 2022". Statista. Retrieved 16 July 2024.
  8. ^ "Scotland GDP by region 2022". Statista. Retrieved 16 July 2024.
  9. ^ "Glasgow Economy | Prosperus UK Cities | Invest Glasgow". www.investglasgow.com. Retrieved 16 July 2024.
  10. ^ "Glasgow Economy | Prosperus UK Cities | Invest Glasgow". www.investglasgow.com. Retrieved 16 July 2024.
  11. ^ "ONS Regional GVA - December 2016". Retrieved 10 June 2017.
  12. ^ "Subregional Productivity - January 2017". Retrieved 10 June 2017.


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