Economy of Edinburgh

Economy of Edinburgh
Quartermile, mixed use development including office space and retail units
CurrencyPound Sterling (£)
Country group
 Scotland
Economy of Scotland
Statistics
Population523,250 (2023)
GDP£36.5 billion (2023)
GDP per capita
£69,809 (2023)
GDP by sector
Financial services, banking, insurance, national government, local government, public sector, gaming, software development, hospitality, tourism
Labour force
312,100 / 82.1% in employment (Jan 2023-Dec 2023)
Labour force by occupation
List
  • 40.8% Professional Occupations
  • 19.4% Associate Professional Occupations
  • 9.4% Managers, Directors And Senior Officials
  • 7.5% Administrative & Secretarial Occupations
  • 6.0% Sales And Customer Service Occs
  • 5.4% Skilled Trades Occupations
  • 4.9% Caring, Leisure And Other Service Occupations
  • 4.8% Elementary Occupations
  • 1.8% Process Plant & Machine Operatives
  • (Jan–Dec 2023)
Unemployment10,900 / 3.5% (Jan 2023-Dec 20234)
Average gross salary
£720.70 per week (2023)

Edinburgh, the capital city of Scotland, was ranked the 13th largest financial centre internationally and the 4th largest financial centre in Europe in 2020. The economy of Edinburgh is recognised as a powerhouse of the Scottish economy, as well as the wider UK economy, being the second largest financial centre in the United Kingdom behind London.

Edinburgh has been consistently one of the most prosperous parts of the country and has the strongest economy of any city in the UK outside London. Financial Times FDi Magazine has named Edinburgh as the "Best Large European City of the Future" and "Best Foreign Direct Investment Strategy (Large City)" for 2012/13.

The city is consistently ranked as one of Scotland's major industrial hubs, with an employment workforce of around 48,030 across the city.