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Economy of Edinburgh
 Quartermile, mixed use development including office space and retail units | |
| Currency | Pound Sterling (£) |
|---|---|
Country group |  Scotland Economy of Scotland |
| Statistics | |
| Population | 523,000 (2022)[1] |
| GDP | £31.8 billion (2022)[2] |
GDP per capita | £60,764 (2022) [3] |
GDP by sector | Financial services, banking, insurance, national government, local government, public sector, gaming, software development, hospitality, tourism |
Labour force | 312,100 / 82.1% in employment (Jan 2023-Dec 2023)[a][4] |
Labour force by occupation | List
|
| Unemployment | 10,900 / 3.5% (Jan 2023-Dec 20234)[c][6] |
Average gross salary | £720.70 per week (2023)[d][7] |
Edinburgh, the capital city of Scotland, was ranked the 13th largest financial centre internationally and the 4th largest financial centre in Europe in 2020.[8] The economy of Edinburgh is recognised as a powerhouse of the Scottish economy, as well as the wider UK economy, being the second largest financial centre in the United Kingdom behind London.[9]
Edinburgh has been consistently one of the most prosperous parts of the country and has the strongest economy of any city in the UK outside London.[10] Financial Times FDi Magazine has named Edinburgh as the "Best Large European City of the Future" and "Best Foreign Direct Investment Strategy (Large City)" for 2012/13.[11]
The city is consistently ranked as one of Scotland's major industrial hubs, with an employment workforce of around 48,030 across the city.[12]
- ^ "Regional economic activity by gross domestic product, UK: 1998 to 2022". Office for National Statistics. Retrieved 17 July 2024.
- ^ "Regional economic activity by gross domestic product, UK: 1998 to 2022". Office for National Statistics. Retrieved 17 July 2024.
- ^ "Regional economic activity by gross domestic product, UK: 1998 to 2022". Office for National Statistics. Retrieved 17 July 2024.
- ^ "Labour Market Profile - Nomis - Official Census and Labour Market Statistics". www.nomisweb.co.uk. Retrieved 15 July 2024.
- ^ "Labour Market Profile - Nomis - Official Census and Labour Market Statistics". www.nomisweb.co.uk. Retrieved 15 July 2024.
- ^ "Labour Market Profile - Nomis - Official Census and Labour Market Statistics". www.nomisweb.co.uk. Retrieved 15 July 2024.
- ^ "Labour Market Profile - Nomis - Official Census and Labour Market Statistics". www.nomisweb.co.uk. Retrieved 15 July 2024.
- ^ "Edinburgh 4th in Europe in new Financial Centres index – Scottish Financial Review".
- ^ "Edinburgh Inspiring Capital". Edinburgh Inspiring Capital. 14 June 2023. Retrieved 15 July 2024.
- ^ Why Invest in Edinburgh "Invest in Edinburgh | Investment and Doing Business in Edinburgh Scotland". Archived from the original on 15 October 2013. Retrieved 27 October 2013. Edinburgh City Council Capital Review
- ^ ""FDi European Cities & Regions of the Future 2013"". Archived from the original on 24 March 2016. Retrieved 28 November 2013.
- ^ "Scotland retains status as the UK's second largest international financial hub - Scottish Business News". Scottish Business News. 5 September 2023. Retrieved 15 July 2024.
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