It would be set to perform better than the EU average when it came to youth unemployment - even though we know it might not be immediately accepted as a member of the union. Business and economy is at the top of the agenda ahead of the Scottish independence referendum. Even Essex and Kent – places not short of rich London commuters – come in more at than 10 per cent poorer. The industrial revolution mainly passed over Ireland because of the lack of coal and metal industries in the island. Scotland’s nominal GDP is higher than Ireland but lower than Catalonia. And although the details of any post-independence settlement are still up in the air until Scotland makes up its mind, we do know one thing that they will definitely have more of north of the border. What is the hink-pink for blue green moray? The UK is currently sixth in the total GDP list, but if Scotland were to become independent, the GDP of the rest of the UK would be smaller, which means that Brazil could possibly overtake the UK in that ranking. And this finally lets us answer the first deeply flawed question. Video, Dramatic footage shows flood destruction in India, How to spot US election disinformation. Is ireland richer than England and Scotland? Who is the longest reigning WWE Champion of all time? US election 2020: World reaction to long queues of voters in US, Coronavirus: Berlin ad sticks middle finger to mask rule breakers, Hidden camera's hugging tiger wins wildlife photo award, Amy Coney Barrett: Trump US Supreme Court pick grilled on presidential powers, Thai protests: PM declares state of emergency in Bangkok to combat protests, Nagorno-Karabakh conflict: Armenian PM admits significant casualties. Is the UK coast poor? If it goes up, the economy is growing, and if it goes down, the economy is shrinking. Although it would still have fewer people in it than Yorkshire and the Humber (which is unlikely to push for independence in the near future). What is the rising action of faith love and dr lazaro? A small country with not very many people in it may be much more productive, or have lots of ways to create wealth, and so rank much higher up the list of GDP per capita. It's this list of GDP per person that the Scottish government is quoting as part of the referendum debate, as Scotland, with its relatively small population, would rank 14th in the world according to a table produced by the OECD - the Organisation for Economic Co-Operation and Development. One of the big questions to answer around Scottish independence is just how would an independent state look up against other countries. Nearer to the small-is-rich Ireland than the big-but-poor Britain left behind. A newly independent Scotland would not be that small in comparison to other European countries, with a higher population than Norway. Scotland is not an independent country so is not measured by the OECD statistics. The claim that an independent Scotland would be one of the world's richest countries is based on .css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid #BABABA;-webkit-text-decoration:none;text-decoration:none;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{border-bottom-color:currentcolor;border-bottom-width:2px;color:#B80000;}@supports (text-underline-offset:0.25em){.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{border-bottom:none;-webkit-text-decoration:underline #BABABA;text-decoration:underline #BABABA;-webkit-text-decoration-thickness:1px;text-decoration-thickness:1px;-webkit-text-decoration-skip-ink:none;text-decoration-skip-ink:none;text-underline-offset:0.25em;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{-webkit-text-decoration-color:currentcolor;text-decoration-color:currentcolor;-webkit-text-decoration-thickness:2px;text-decoration-thickness:2px;color:#B80000;}}a league table which places Scotland 14th in the world in terms of GDP per person, ahead of France, China, and the UK. VideoShattering Korea’s cement ceiling, Boy sleeps in tent for months in memory of friends, Dramatic footage shows flood destruction in India. Trump taxes: A 'fundamentally unfair' system? France orders curfew in nine cities to battle virus, Shattering Korea’s cement ceiling. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. This means people can see the comparative wealth of Scotland if it was as an independent country. Scotland may well be comparatively rich as an independent country, but whether or not large parts of the population would "feel rich" would depend on the policies of a post-independence Scottish government. Or UK? To do this we are going to have to look at the size, productivity and employment rate of Scotland as it is now, a region within the United Kingdom, which is obviously not perfect as not everything will remain the same in a post-Yes vote country. The claim that an independent Scotland would be one of the world's richest countries is based on a league table which places Scotland 14th in the world in … Of course these countries have much bigger populations than Scotland, which is why they rank lower on the GDP per person list. Ano ang Imahinasyong guhit na naghahati sa daigdig sa magkaibang araw? In fact, Britain doesn’t come out that well on this map. South central England, East Anglia, Cheshire and the north East of Scotland (Aberdeen, basically) are the only bits of the UK above the EU average. It does research and makes recommendations to help countries across the globe to grow economically. the UK produces less goods and services per population than ireland,and its also poorer per population, the UK has a bigger population so it should produce ten times more money than ireland, the America produces more goods and services than France, therefor its richer when divided by the population . Ano ang mga kasabihan sa sa aking kababata? © 2020 BBC. A value for what's being done each day by everyone going to work. Copyright © 2020 Multiply Media, LLC. According to the UN, that would put the US at the top followed by China, with the UK coming in at six. Scotland’s nominal GDP is higher than Ireland but lower than Catalonia. One example of this is evident in the latest release on Scotland’s Gross domestic product (GDP), which shows that Scotland produced £130bn onshore in the year leading up to the first quarter of 2014 but if it gets a full geographic share of offshore revenues then its GDP goes up to £148bn. Scotland would also have a higher female employment rate than all but six EU countries, ranking higher than both Austria and Germany. A list that just compares total GDP would usually have the biggest countries at the top. Ano ang pinakamaliit na kontinente sa mundo? How long will the footprints on the moon last? If you want a taste of the good old British country side, a trip to Ireland or Scotland is very much recommended. With GDP being about 20 per cent larger than GNP, Irish people appear to be richer that what they might feel they are. It is measured every three months and can go up or down depending on how busy the High Street is, how much is being exported, the strength of a currency, and global conditions. Much would depend on the negotiations after the referendum, and the investment decisions of big companies. Coastal areas of Scotland are about as rich as the rest of Scotland. The BBC is not responsible for the content of external sites. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}France orders curfew in nine cities to battle virus. Here for Ireland, Northern Ireland, Wales, Scotland, England, Metropolitan France, and Belgium. It is seen as a neutral organisation and its research and statistics tend to be taken as the gold standard. It's the sum of all the things that a country makes - whether it's whisky, concrete, software or beef - which is added together with how much the service industry is worth, how much we pay our nurses and teachers, and how much our bankers are producing. However England, Scotland, wales and northern Ireland are of course much older, dating back much longer than 1000 years Is US richer than England? Read about our approach to external linking. However, the Scottish government has used statistics from the UK Office for National Statistics, to make an equivalent figure for Scottish GDP per capita. This would put Scotland at about 57 in the UN's list of national GDP - between Iraq and Bangladesh. The economy of the Republic of Ireland is a highly developed knowledge economy, primarily focused on services in high-tech, life sciences, financial services and agribusiness including agrifood.Ireland is an open economy (6th on the Index of Economic Freedom), and ranks first for high-value foreign direct investment (FDI) flows. This figure was then inserted into the list to compare with other countries. Pagkakaiba ng pagsulat ng ulat at sulating pananaliksik? GDP per person shows the wealth of a nation. When did organ music become associated with baseball? Difference between Scotland and Ireland. But all three of these states have a lower economic output than Catalonia, where many are seeking independence. By Colletta SmithBBC Scotland Economics Correspondent, .css-14iz86j-BoldText{font-weight:bold;}"What would you say to living in one of the world's wealthiest nations?". Video, 'Wake up, you've won a Nobel Prize' Video, Covid: Trump's son Barron had coronavirus, says first lady, Central Park: Amy Cooper 'made second racist call' against birdwatcher, Coronavirus: France to impose night-time curfew to battle second wave. All Rights Reserved. The latest figures we have for Scotland's GDP are for 2012, and including a share of UK offshore oil the figure is £145bn. The size of any country's GDP is hugely affected by the currency too, so if whether or not Scotland were to stay in a Sterling currency union, could have a big effect. This measures the size of the economy, but not how rich that country is, because if a country has a big economy, but lots of people to share the wealth between, then each person is poorer on average. Would an independent Scotland be like Denmark―small, but deeply connected to Europe? The estimates in this table were produced using data available up to 7 March this year. Scotland is a comparatively rich country when you consider that the population is relatively small, but the figures being used are looking at the position of Scotland as it currently stands within the set-up of the UK. How much does does a 100 dollar roblox gift card get you in robhx? What is the time signature of the song Atin Cu Pung Singsing? Simply put, it's the amount of money that is produced by a country. 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