SCOTFACT

Oil and Gas Scotland Revenue

OIL & GAS
SCOTLAND REVENUE

Scotland's geographic share of Oil and Gas revenue for 2018-19 was £1,430m. This has fallen from a peak in 1984-85 of £27,918m in real terms (cash terms of £11,454m).

Scotland Oil and Gas Revenue
Year Cash Terms (£m) Real Terms (2018-19 £m)
1980-81 3,700 11,822
1981-82 6,278 18,173
1982-83 7,674 20,719
1983-84 8,436 21,744
1984-85 11,454 27,918
1985-86 10,511 24,247
1986-87 4,407 9,764
1987-88 4,247 8,920
1988-89 2,929 5,779
1989-90 2,049 3,755
1990-91 1,629 2,761
1991-92 644 1,033
1992-93 834 1,306
1993-94 926 1,418
1994-95 1,377 2,085
1995-96 1,859 2,731
1996-97 2,694 3,812
1997-98 2,484 3,460
1998-99 1,518 2,219
1999-00 2,044 2,975
2000-01 3,873 5,530
2001-02 3,951 5,572
2002-03 4,002 5,515
2003-04 3,396 4,588
2004-05 4,593 6,034
2005-06 7,814 10,021
2006-07 6,151 7,670
2007-08 7,597 9,228
2008-09 8,855 10,489
2009-10 5,797 6,755
2010-11 7,833 8,974
2011-12 7,902 8,917
2012-13 4,643 5,134
2013-14 3,446 3,738
2014-15 1,377 1,473
2015-16 50 53
2016-17 266 276
2017-18 1,426 1,453
2018-19 1,430 1,430

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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.

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