2011 Scottish Annual Business Statistics Published Today
Written by Kevin Rennie on August 28, 2013
Scotland’s Chief Statistician today published Scottish Annual Business Statistics (SABS) 2011. The publication includes financial and employment statistics on businesses operating in Scotland, by industry sector, local authority area and company ownership. The statistics cover approximately two thirds of the economy and are best suited to analyses of individual industries rather than the Scottish economy as a whole.
The main findings are:
In 2011, cash terms Gross Value Added (GVA) in the services sector amounted to £50.3 billion, compared to £12.7 billion in manufacturing and £6.1 billion in the construction sector. The remaining sectors, covered by SABS, accounted for £27.1 billion (oil and gas extraction accounted for £19.4 billion of this, note that the SABS includes off-shore oil and gas activity).
In 2011, within services, the three largest contributions to GVA came from: the insurance sector at £6.7 billion (13.4% of total services GVA), retail trade at £6.6 billion (13.1%) and wholesale trade at £4.4 billion (8.7%). Together these three industries accounted for 35.2% of total services GVA.
In 2011, within manufacturing, the three largest contributions to GVA came from: the beverages sector at £2.9 billion (22.9% of total manufacturing GVA), food products at £1.4 billion (10.9%) and metal products at £1.2 billion (9.2%). Together these three industries accounted for 43.0% of total manufacturing GVA.
In 2011, within services, foreign-owned businesses accounted for 20.3% of GVA, whereas within manufacturing, foreign-owned businesses accounted for 35.8% of GVA.
In 2011, the local authority areas contributing most to total GVA within manufacturing were Glasgow City (11.1%), Fife (8.5%) and Renfrewshire (7.3%).
