In 2017, financial and business services made up around:
- 10.3% of Scotland’s international exports (£3.4 billion)
- 27.1% of Scotland’s UK exports (£13.2 billion)
Financial and business services covers a range of subsectors. This includes:
- business support
- financial services
- management consultancy
- legal and accounting
- insurance and pensions
How Scotland’s financial and business services exports have increased since 2002
Between 2002 and 2017 Scotland’s financial and business services exports increased:
- internationally from £1.6 billion to £3.4 billion
- to the rest of the UK from £6 billion to £13.2 billion
Where we can sell more
This evidence shows where:
- there’s a large or growing demand for imports
- Scotland’s exporting less than other, similar countries
The similar countries are Finland, Norway, Denmark and Ireland.
Countries where there’s a large or growing demand for financial and business services imports
Where Scotland’s currently exporting less than similar countries
What we’re going to do
We’ll continue to work with the financial and business services sector to help increase exports. This will include working with businesses in the growing financial technologies sector.
You can find more information on Scotland’s financial and business services sector in A Trading Nation.