Scotland Economy

Scotland’s economy is closely linked to that of the rest of the United Kingdom and also that of the EU. Scotland used to be one of Europe’s industrial powerhouses when for example during and after the Industrial Revolution it was a world leader in manufacturing and shipbuilding. Today, the most important Scottish products relate to textiles, whisky, shortbread, buses, computer software, ships, avionics and microprocessors as well as banking, insurance, fund management and other financial services. Scotland’s service sector has grown significantly and it now is the largest sector in the country’s economy.

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