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Facts And Figures Explained.

April 6, 2014

An excellent and handy summary and analysis of the REAL state of Scotland’s finances. So well put together it’s saved me the trouble of doing it myself. 🙂

My Wee Musings - independence & politics

“Everyone is entitled to their own opinion, but not their own facts” – Daniel Patrick Moynihan

So here are the facts about Scotland’s economy I have compiled which will hopefully help expel the myths of our own inadequacy.

MYTH 1)

“Scotland is too wee to be a viable independent country”

Scotland has a population of around 5.3 million, compared to rUK’s population of approximately 58 million. You don’t need to be a mathematical wizard to see we are smaller, however we are not too small. If you look at the top three wealthiest countries in the OECD (as detailed below) you’ll see that the argument that Scotland is “too wee” is ridiculous and also a blatant lie.

1) Luxembourg – population 523,000 – GDP per capita 86.3

2) Norway – population 5 million – GDP per capita 57.3

3) Switzerland – population 7 million – GDP per capita 48.7

MYTH…

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