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
Unionism in Scotland continued until 1746 and the Jacobite defeat at Culloden. With the Acts of Union 1800, Ireland united with Great Britain into what then formed the United Kingdom of Great Britain and Ireland. The history of the Unions is reflected in various stages of the Union Flag, which forms the flag of the United Kingdom. The larger part of Ireland left the United Kingdom in 1922 however Northern Ireland chose to remain within what is now called the United Kingdom of Great Britain and Northern Ireland. The 300th anniversary of the union of Scotland and England was marked in 2007. The