Scotland's marine economic statistics 2018

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 2018, renting and leasing of water transport equipment generated £16 million in GVA: accounting for 0.01% of the overall Scottish economy and 0.4% of the marine economy GVA. 

The renting and leasing industry provided employment for around 200 people (headcount), contributing 0.01% of the total Scottish employment and 0.3% of the marine economy employment. 

10.3 Renting and leasing – trends

From 2017 to 2018, the GVA from the renting and leasing industry (adjusted to 2018 prices) increased by 46%, while the longer term trend from 2009 to 2018 showed that renting and leasing GVA increased by 65%.

From 2009 to 2018, employment was unchanged, 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.  

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.