Trade Balance Historical
EXPORTS & IMPORTSTRADE BALANCE HISTORICAL
According to the Quarterly National Accounts for Scotland released in April 2023, Scotland's Onshore economy in 2022 exported £102,448m and imported £-122,056. This results in an estimated onshore trade deficit of £19,608m.
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REFERENCES & FOOTNOTES
REAL TERMS CALCULATIONS
The Real Terms calculations above are carried out using the HMT's deflator tables. There are a number of methods for measuring inflation, however when discussing public revenue and expenditure, typically the HMT's GDP deflator is used to calculate the real terms equivalent. We have provided an easy to use Calculator for your convenience here.