Economy of Edinburgh
From Wikipedia, the free encyclopedia
Edinburgh, the capital city of Scotland, was ranked the 13th largest financial centre internationally and the 4th largest financial centre in Europe in 2020.[8] The economy of Edinburgh is recognised as a powerhouse of the Scottish economy, as well as the wider UK economy, being the second largest financial centre in the United Kingdom behind London.[9]
Currency | Pound Sterling (£) |
---|---|
Country group | Scotland Economy of Scotland |
Statistics | |
Population | 523,000 (2022)[1] |
GDP | £31.8 billion (2022)[2] |
GDP per capita | £60,764 (2022) [3] |
GDP by sector | Financial services, banking, insurance, national government, local government, public sector, gaming, software development, hospitality, tourism |
Labour force | 312,100 / 82.1% in employment (Jan 2023-Dec 2023)[lower-alpha 1][4] |
Labour force by occupation | List
|
Unemployment | 10,900 / 3.5% (Jan 2023-Dec 20234)[lower-alpha 3][6] |
Average gross salary | £720.70 per week (2023)[lower-alpha 4][7] |
Edinburgh has been consistently one of the most prosperous parts of the country and has the strongest economy of any city in the UK outside London.[10] Financial Times FDi Magazine has named Edinburgh as the "Best Large European City of the Future" and "Best Foreign Direct Investment Strategy (Large City)" for 2012/13.[11]
The city is consistently ranked as one of Scotland's major industrial hubs, with an employment workforce of around 48,030 across the city.[12]