If North Sea oil was added to Scotland's GDP what would Scotland's GDP per capita be?
The simplest answer is "Nobody knows because this kind of data isn't published". That hasn't stopped people from trying to come up with an answer.
One such effort was undertaken for the Scottish Government in 2007. The results, and a reasonably full explanation of the assumptions and fudging involved in producing such figures, can be found at http://www.scotland.gov.uk/Resource/Doc/923/0055551.pdf [Correspondence relating to the calculation of Scottish GDP per capita figures including North Sea oil revenues].North Sea Oil accounts for 1.5% of GDP and less than 2% of UK Tax Revenue. Norway produces over a third more oil than the UK, with countries such as Nigeria and Canada also producing far more oil than the UK.Generally Oil and Gas are added to GDP, as both contribute to Gross Domestic Product.See Related links near the bottom of the page for more details.In the future we may rely far more on alternative power sources in order to fuel our homes, cars and industry, as oil is increasingly seen as a dirty fuel. Indeed Honda and other car makers are already unveiling realistic options to petroleum, and this technology is set to advance further over coming years as we increase our use of cleaner energy sources in order to try to improve the environment and to secure the future of the planet.I have added details of Scottish GDP Methodology and National Office of Statistics figures showing UK Regional GVA (Gross Value Added) Figures in the related links section near the bottom of the page. I hope this is of some help to you.
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