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Gross Domestic Product ( GDP) 2: 1975-2005
| 1975 | 1985 | 1995 | 2000 | 2003 | 2004 | 2005 |
|---|
Scottish GDPR
(2002 = 100) | 61.8 | 70.3 | 86.1 | 96.8 | 101.6 | 103.7 | 105.6 |
|---|
Maintaining economic growth is an important aspect of sustainable development. A healthy economy leads to higher living standards and greater prosperity for individuals. It also helps businesses to be profitable, which generates employment and income.
Gross Domestic Product ( GDP) is an important measure of the activity and strength of the economy. However, a high GDP does not necessarily imply an efficient use of resources.
Between 1975 and 2005, the Scottish GDP index increased from 61.8 to 105.6, representing an average annual growth of 1.8%.
SOURCE: SCOTTISH EXECUTIVE
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