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Aberdeen City Local Economy - reports and forecasts

War Memorial and His Majesty's Theatre

This page provides access to reports and information relating to Aberdeen City's local economy.

It also provides a link to various partner organisations involved in facilitating the City's future economic growth.

Some key features of the City and Shire Economy

Aberdeen City and Shire's latest recorded Gross Value Added (GVA) was 9,990 million (2006). As a result, GVA per head of population in 2006 (22,661) was 38% above the average for Scotland. This is equivalent to 12% of the Scottish economy, although the City and Shire has less than 9% of Scotland's total population. This illustrates that the City and Shire's economic contribution to Scotland is disproportionately large.

The City and Shire is a low unemployment/high employment region. The unemployment rate (November 2009 = 2.1%) and inactivity rate are significantly below Scottish and UK rates and the employment rate is higher. The oil and gas production sectors, alone, account for around 20,000 jobs directly (over 90% of the Scottish industry), with an additional 20,000 estimated jobs in related service companies

Aberdeen City and Shire's economic also has a strong culture of enterprise. This is reflected in the number of new VAT registrations relative to population, with 36 registrations per 10,000 adults compared with 28 for Scotland.

The City and Shire economy is also successful in global markets. Exports per worker were estimated at just under 9,400 in 2005 compared with under 8,000 at the Scottish level. Even this is an underestimate for Aberdeen City and Shire these figures do not include direct oil and gas activity and some of the services related to it.

Other industries, apart from the Oil and Gas Industry, also that play a significant role in the City' and Shire's economy. Food and drink is a major employer, particularly in the shire, with firms in the whisky, bakery, canned, meat and seafood sub-sectors. Tourism is also important to both city and shire and although employment is estimated as being low in the life sciences sector a considerable amount of university employment and activity (e.g. research and proof of concept activity), and other mainstream health service activities, can be related to the commercial life science industry.

Some of the reports may take time to open due to their size.