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 not mean James abandoned the idea; 17th-century religion and politics were closely linked and he viewed a unified Church of Scotland and England as the first step towards a centralised, Unionist state. The problem was that the two churches were very different in both structure and doctrine; Scottish bishops presided over Presbyterian structures but were doctrinal Calvinists who viewed many Church of England practices as little better than Catholicism. The religious policies followed by James and his son Charles I were intended as precursors to political union; resistance to this concept led to the 1638 National Covenant in Scotland and