Economy
Glasgow is Scotland’s largest urban economy, generating over £13 billion Gross Value Added each year and supporting over 400,000 jobs. The number of jobs located in the city grew by more than 70,000 in the ten years to 2005, making it one of the fastest growing cities in the UK.
In what is now a services-based economy dominated by financial and business services, public administration, health and retail, average earnings have seen a year on year increase and investment in business, infrastructure and property is thriving.
In terms of population, Glasgow has now reversed a long term downwards trend due to a combination of a steady flow of in-migrants, more employment opportunities as well as the social and cultural infrastructure to attract and retain residents.
Certain aspects of the economy are less successful: productivity is relatively low, there are too few areas of specialisation in higher-value, innovative or exportable activities and there has been a decline in the number of people employed in micro-businesses (1-10 employees).
More in-depth information about aspects of Glasgow’s economy can be found by following the links.