Wednesday, April 10, 2013

Scotland's Economics Part 2

Scotland Economics: Part Two

Scotland's Statistics and Resources

GDP: $139.7 billion

GDP per capita: $43,492

Life Expectancy males: 75.8 years
females: 80.4 years

Poverty rate: 21%

Literacy rate: 99%

Unemployment rate: 7.4%

Inflation: 3.5%

Natural Resources
Climate
   The climate is pretty similar to that of Michigan. The temperature is moderate between summer and winter and changeable, but not extreme. It is much warmer in Scotland than in places with similar latitude, such as Labrador, Canada. January and February are generally the coldest winter months in Scotland. July and August are generally the warmest months. Similarly to the rest of the world, the temperatures have risen every season and the winter (snow season) has shortened. Unfortunately, it is not very sunny in Scotland, but when the sun does shine there is usually a rainbow somewhere.



Growing Season
     The growing season varies from region to region. The growing season begins three weeks earlier in the North and East Scotland, and more than three weeks more in the West region.


Rainfall
  Scotland has become 20% wetter with an increase of 70% in precipitation, since 2004. The overall totals vary with the region. The highlands of scotland is the wettest with rainfall decreasing from west to East. The rainfall varies from less than 600 mm (23.62 inches) and 3000 mm (118.11 inches). On average the rainfall is approximately 1650.3mm/year (64.97 inches/year).

Agricultural Land
     Land exclusively used for agriculture covers about 6.2 million hectares (~15.3 million acres), which is about 80% of the total land area of Scotland. Most of the land is used for livestock, the rest is used for crop production, farm woodlands, roads, yards and buildings.


Major Rivers and waterways
    Scotland has many rivers and waterways, due to its long coastline, which led to Scotland's involvement in the fishing industry. The most notable are the rivers Clyde, Forth, Tay and Caledonian Canal. The most notable lochs are Lomond, Fyne, Ness, Awe/Etive, Maree, Morar.

Significant Mineral Deposits
   Scotland has a wide variety of minerals. Scotland is rich in coal, oil-shale and ion-ores. For natural building, limestone, sandstone, granite and slate are available. Scotland's primary mineral resource is oil (deposits).

Labor
Size of Labor Force
          2.94 million

Educational System
    Since 1998, the Scottish Parliament has had control over all educational matters. Primary education is free and required, students remain in primary for seven years. The students attend secondary second after primary, where they are taught a wide range of subjects. After that students can attend university, Scottish universities are generally 4 year institutions. Most schools are non-denominational, but denominational state schools and independent schools have been established.

Capital
Industry and Technology 
     Scotland is successful in many industries including:

  • Chemical sciences - Scotland is one of the biggest exports in chemicals.
  • Creative industries- Scotland is greatly involved with digital media, such as computers, gaming, film, arts, animation. The Scots are innovative and creative.
  • Energy - Scotland has committed to adopting renewable energy. They are heavily involved with oil, gas, wave, tidal and wind. 
  • ICT and electronic industries- Scotland has been an electronic manufacture for 50 years, dur to this involvement they have become successful producers of technologies.
  • Life Sciences - Scotland is a leader in research, development and manufacturing. Great breakthroughs include the cloning of Dolly the sheep and the creation of MRI scanners.
  • Textiles -Scotland is the front-runner in luxury textiles and technical textiles.


Infrastructure
    The government has developed a multi-billion pound plan. The plan will encompass housing, health, education and transportation. Transport Scotland is a program dedicated to the improvement of rail networks.


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