Measuring Scotland's economic performance

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McDonald, Effie and Richmond, Kenny (2019) Measuring Scotland's economic performance. Fraser of Allander Economic Commentary, 43 (1). ISSN 2046-5378

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Abstract

This article uses a range of measures, including the measurement framework of the Scottish Government’s National Performance Framework (NPF), to assess Scotland’s economic performance as a sustainable and inclusive economy. The NPF measurement framework seeks to measure the progress and nature of inclusive growth in Scotland as well as to place it in an international context. The performance measures summarised include those for GDP and GDP growth, employment and inequality (income and regional) as well as for exports, innovation, business start-ups and growth, inward investment and fair work. All measures are set within a relevant comparative context, often that of other OECD economies. The article concludes with a ‘balanced scorecard’ of Scotland’s inclusive economic performance across the relevant measures.

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