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 were unhappy about the prospect, however. English overseas possessions made England very wealthy in comparison to Scotland, a poor country with few roads, very little industry and almost no Navy. This made some view unification as a markedly unequal relationship. In Scotland, some claimed that union would enable Scotland to recover from the financial disaster wrought by the Darien scheme through English assistance and the lifting of measures put in place through the Alien Act to force the Scottish Parliament into compliance with the Act of Settlement. The combined votes of the Court party with a majority of the Squadrone