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 restore him to the English throne. Defeat in the 1649–1651 Third English Civil War or Anglo-Scottish War resulted in Scotland's incorporation into the Commonwealth of England, Scotland and Ireland, largely driven by Cromwell's determination to break the power of the kirk, which he held responsible for the Anglo-Scottish War. The 1652 Tender of Union was followed on 12 April 1654 by "An Ordinance by the Protector for the Union of England and Scotland," creating the Commonwealth of England, Scotland and Ireland. It was ratified by the Second Protectorate Parliament on 26 June 1657, creating a single Parliament in Westminster, with