cvb wrote: ↑Wed Dec 18, 2019 10:34 am
I did mean GDP per capita.
Is the infrastructure more costly to maintain as it has a more dispersed population with some really hard to reach bits? Also it is a bit colder.
From teh wiki's
England GDP = 2.2 Trillion
Scotland GDP = 0.2 Trillion
England Pop = 55 Million
Scotland Pop = 5.4 Million
Therefore:
England GDP per capita = 40,000
Scotland GDP per capita = 37,000
Scotland also receives a but more funding per person from devolution via the Barnett formula. Wiki says that 2016 Scotland received funding of ~£10,500 per person relative to ~ £8,900 per person in England - a sizable difference.
So the average scot contributes ~7% less GDP than a person in England but receives ~18% more funding for services. Seems they've got it pretty good in the scheme of things.
Just as we expect UK GDP to fall on putting up barriers with it's largest trading partner (the EU) we can expect Scottish GDP to fall if it puts up barriers to trade with its largest partner (rUK).
Leaving unions makes one poorer.