Information

Marine economic statistics 2017: corrected April 2020

Statistics on economic contributions of Scotland’s marine sectors present a time series of Gross Value Added (GVA), turnover and employment for industrial categories defined as part of the marine sector. This publication was originally published in October 2019 and was corrected in April 2020.

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10. Renting & Leasing of Water Transport Equipment

10.1 Introduction

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.

Table 15 : Renting and leasing of water transport equipment - GVA, turnover, employment and GVA per head, 2008 to 2017 (2017 prices)
Year GVA
£M
Turnover
£M
Employment Headcount
000's
GVA Per Head
£
2008 11 21 0.2 54,411
2009 9 21 0.2 46,759
2010 6 12 0.1 58,388
2011 8 14 0.1 75,948
2012 5 12 0.2 26,553
2013 7 12 0.1 67,003
2014 5 13 0.1 53,325
2015 11 18 0.1 105,123
2016 8 14 0.1 82,678
2017 11 18 0.1 106,000
Figure 17: Renting and Leasing of Water Transport Equipment - GVA and employment (headcount), Scotland, 2008 to 2017 (2017 prices)
Figure 17: Renting and Leasing of Water Transport Equipment - GVA and employment (headcount), Scotland, 2008 to 2017 (2017 prices)

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.

Contact

Email: Venetia.Haynes@gov.scot

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