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
Citation of United Kingdom legislation (OS); before that date, legislation was passed either by the Parliament of England or the Parliament of Scotland. Acts passed by each of these parliaments, except for the Parliament of Scotland, are cited in the same way as pre-1963 Acts of the Parliament of the United Kingdom; i.e., by parliamentary session and chapter number. Acts passed by the Parliament of Scotland are cited by calendar year and chapter number. Note also that Acts of the last session of the Parliament of Great Britain and the first session of the Parliament of the United Kingdom are both cited as "41 Geo.