The economic background [December 1995]

Stevens, Jim and Ashcroft, Brian and Swales, Kim (1995) The economic background [December 1995]. Quarterly Economic Commentary, 21 (2). pp. 1-7. ISSN 0306-7866

[img]
Preview
Text (FEC_21_2_1995_Economic_Background)
FEC_21_2_1995_Economic_Background.pdf
Final Published Version

Download (569kB)| Preview

    Abstract

    Exports are of critical importance to the Scottish Economy. In 1989, Scottish firms sold goods and services worth £64.7bn to final users, of which 21'/2% were to customers in the rest of the UK (RUK) and 14.7% to overseas (ROW) clients. In the case of manufacturing, final sales totalled £25.4bn, of which 35.3% were due to RUK and 32.5% to the ROW. Thus, two thirds of Scottish manufactured goods were sold out with Scotland illustrating the importance of non domestic markets to Scottish incomes and employment.