10. Renting & Leasing of Water Transport Equipment
This class includes renting and leasing of marine passenger and freight transport equipment e.g. commercial boats and ships, without an operator. It excludes renting of pleasure boats, water-transport equipment with operator and financial leasing.
10.2 Key economic points
In 2017, renting and leasing of water transport equipment generated £11 million in GVA: accounting for 0.01% of the overall Scottish economy and 0.2% of the marine economy GVA.
The renting and leasing industry provided employment for around 100 people (headcount), contributing 0.004% of the total Scottish employment and 0.1% of the marine economy employment.
10.3 Renting and leasing - trends
From 2016 to 2017, the GVA from the renting and leasing industry (adjusted to 2017 prices) increased by 28%, while the longer term trend from 2008 to 2017 showed that renting and leasing GVA fell by 3%.
From 2008 to 2017, employment fell by 50%, though the low numbers employed in the industry mean relatively small changes can generate large percentage differences. For the duration of the time series, employment in the industry sector has been between 100 or 200 people (headcount), which is at the limit of the accuracy of the SABS survey figures.
| Employment Headcount
| GVA Per Head
10.4 Renting and leasing - by geography
Renting and leasing is a relatively small economic sector and so geographic breakdowns of the data are not available.