Scotland – The Hidden Bank of the UK Union!

A few months ago I found a website which was created by researchers at MIT. That website is called the Observatory of Economic Complexity.

When I last wrote about this site, I looked at Whisky, Oil and Gas and how Scotland is being robbed of Its Missing Billions

This time, I wanted to compare the numbers of a few other countries in the EU with populations similar to Scotland. So with that, looking at Export value of industries, I created the below table.

Country Population Export Value ($) Value per Head ($) Difference Compared to Scotland ($) * Difference Compared to Scotland (Value per Head) *
Ireland 4,857,000 $159,000,000,000 $32,736 $126,610,000,000 +$26,766
Norway 5,323,933 $106,000,000,000 $19,910 $73,610,000,000 +$13,940
Denmark 5,806,015 $83,200,000,000 $14,329 $50,810,000,000 +$13,739
Finland 5,522,015 $70,700,000,000 $12,803 $38,310,000,000 +$6,833
Austria 8,857,932 $149,000,000,000 $16,821 $116,610,000,000 +$10,851
Switzerland 8,526,932 $285,000,000,000 $33,423 $252,610,000,000 +$27,453
Scotland 5,425,000 $32,390,000,000 $5,970    
On average, Scotland has -$10,627 per head of population on Export Value compared to 6 other EU nations of similar size based on Scotland having an 8.2% population share of Exports at a UK level.

*the above table is based on Scotland having a 8.2% of the entire UK export value.

If Scotland had an average Export Value of that similar to the 6 other EU nations sampled, Scotland would have an Export Value of approximately, $90,038,725,000, or somewhere between Denmark and Norway, which believe it or not, is exactly where our population lies.

That $90,038,725,000, is equivalent to Scotland having a true Export Value (on a UK level) of 22.8% of all UK Exports, not 8.2%.

Furthermore, that means Scotland would have a per head of population share of Export Value of $16,597 whilst England had a per head of population share of only $5,545, which is $424 less than Scotland currently enjoys with an 8.2% share, and would put England on a comparable scale on a per population share for Export Value with Lithuania and Estonia (both would actually perform better than England).

The numbers don’t lie. The Union costs Scotland billions every single year.

If Scotland held a 22% share of the entire UK Export Value since the year 2000, the numbers are frightening. The robbery and thievery of Scotland, in 20 years alone is staggering.

Year UK Export Value Scotland’s 22% share Missing
2000 $268,000,000,000 $58,960,000,000 -$36,984,000,000
2001 $254,000,000,000 $55,880,000,000 -$35,052,000,000
2002 $259,000,000,000 $56,980,000,000 -$35,742,000,000
2003 $281,000,000,000 $61,820,000,000 -$38,778,000,000
2004 $323,000,000,000 $71,060,000,000 -$44,574,000,000
2005 $351,000,000,000 $77,220,000,000 -$48,438,000,000
2006 $381,000,000,000 $83,820,000,000 -$52,578,000,000
2007 $424,000,000,000 $93,280,000,000 -$58,512,000,000
2008 $455,000,000,000 $100,100,000,000 -$62,790,000,000
2009 $339,000,000,000 $74,580,000,000 -$46,782,000,000
2010 $384,000,000,000 $84,480,000,000 -$52,992,000,000
2011 $447,000,000,000 $98,340,000,000 -$61,686,000,000
2012 $436,000,000,000 $95,920,000,000 -$60,168,000,000
2013 $453,000,000,000 $99,660,000,000 -$62,514,000,000
2014 $473,000,000,000 $104,060,000,000 -$65,274,000,000
2015 $426,000,000,000 $93,720,000,000 -$58,788,000,000
2016 $374,000,000,000 $82,280,000,000 -$51,612,000,000
2017 $395,000,000,000 $86,900,000,000 -$54,510,000,000
TOTALS $6,723,000,000,000 $1,479,000,000,000 -$927,000,000,000

So since the establishment of the Scottish Parliament in the year 2000, If Scotland were assigned its average Export Value (based on othe EU countires of the same size – somewhere between Denmark and Norway, as established on todays values), Scotland would have generated $1,479,000,000,000 (that’s 1.47 trillion) in export value. Based on an 8.2% share, Scotland’s figures show only and export value of $551,286,000,000 over the last 20 years. That’s a missing 20-year total of $927,000,000,000

In other words, that a missing value of a Scottish Oil Wealth Fund in line with Norway’s current oil fund value. Now do you see where our oil fund has gone?

The numbers don’t lie. The Union costs Scotland billions every single year and has cost Scotland a trillion in the last 20 years.

This is why independence will not be given, it must be taken!

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