Economy of Scotland Economy of Scotland The economy of Scotland had an estimated nominal gross domestic product (GDP) of up to £152 billion in 2015. Since the Acts of Union 1707, Scotland's economy has been closely aligned with the economy of the rest of the United Kingdom (UK) and England has historically been its main trading partner. Scotland still conducts the majority of its trade within the UK: in 2014, Scotland's exports totalled £76 billion, of which £48.5 billion (64%) was with constituent nations of the UK, £11.6 billion with the rest of the European Union (EU), and £15.2 billion with other parts
Acts of Union 1707 1567, Mary was forced to abdicate as Queen of Scots and replaced by her infant son James VI and I, who was brought up as a Protestant and became heir to the English throne. After Elizabeth died in 1603, the two Crowns were held in personal union by James and his Stuart successors but England and Scotland remained separate entities. When James became King of England in 1603, the creation of a unified Church of Scotland and England governed by bishops was the first step in his vision of a centralised, Unionist state. On his accession, he announced his intention