MSP Welcomes Confirmation Scotland Would Be 5th Richest Country in Europe With Independence

Michael Matheson MSP

Further evidence that an independent Scotland will be wealthy has been provided from figures published which show that Scotland would be the fifth richest country in the EU on the latest GDP per capita ranking table produced by Eurostat.


SNP MSP Kenneth Gibson’s parliamentary question also revealed that theUKwould be 11th in the table of 28 countries.

Official Scottish Government figures already show that, with independence,Scotlandwould climb to sixth position in the Organisation for Economic Cooperation and Development’s (OECD) wealth per capita league table – where theUKis currently ranked sixteenth.

Those EU member states above Scotland also undermine the anti-independence campaign’s argument that Scotland needs to be part of a big state, since all have populations significantly smaller than the UK’s, and two of them have populations smaller than Scotland:

•Luxembourg- Half a million

•Austria- Eight million

•Ireland- Four and a half million

•Netherlands- Seventeen million

•Scotland– Five million

•UK– Sixty-two million

The Tory-Labour pact is also looking foolish since both anti-independence parties initially tried to claim that these figures supported their case, as they neglected to include offshore oil and gas resources in the Scottish GDP figure – while they are included in theUK’s GDP.

Commenting Falkirk West MSP, Michael Matheson welcomed the publication of the figures and said,

“These official figures show the wealth of Scotland and take apart the anti-independence attempts to talk down Scotland’s economy and ability to make decisions for ourselves.

 It is the small nations of Europe who are better managing their economy’ and Scotland can match their performance.

 “Official figures already show that Scotland continues to contribute more to the UK Treasury than we receive in public spending. In 2010/11, Scotland generated 9.6% of UK revenues with 8.4% of the population.

 “Despite the Tory-Labour anti-independence pact twisting the figures to talk Scotland down – by omitting Scotland’s share of its oil and gas reserves – they are a glowing endorsement of the case for independence.

 The Tory-Labour twins are now left looking foolish by their attempts to distort these figures.

 “With responsibility for our own finances and our own vast natural resources, we will be able to make choices in our own best interests. With independence, we would control the fiscal levers we need to suit our own economic circumstances, and maximise Scotland’s potential to secure new investment and jobs.”

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