Editing Edinburgh (section)

==Economy==
{{Main|Economy of Edinburgh}}
{{see|Economy of Scotland}}

[[File:Museum on the mound, Edingburgh.jpg|thumb|right|The [[Bank of Scotland]]'s head office in central Edinburgh]]
[[File:20231022 Rockstar North.jpg|thumb|right|Headquarters of [[Rockstar North]] situated in Edinburgh]]

Edinburgh has the strongest economy of any city in the United Kingdom outside London and the highest percentage of professionals in the UK with 43% of the population holding a degree-level or professional qualification.<ref name="Work In Edinburgh - Jobs, Employment, Careers And Recruitment Information">{{Cite web |title=Working in Edinburgh |url=http://www.edinburgh-inspiringcapital.com/live/working_in_edinburgh.aspx |url-status=dead |archive-url=https://web.archive.org/web/20130224081523/http://www.edinburgh-inspiringcapital.com/live/working_in_edinburgh.aspx |archive-date=24 February 2013 |access-date=24 March 2013}}</ref> According to the Centre for International Competitiveness, it is the most competitive large city in the United Kingdom.<ref>{{Cite web |title=The UK Competitive Index 2010 |url=http://www.cforic.org/pages/ukci2010.php |url-status=live |archive-url=https://web.archive.org/web/20101014024051/http://www.cforic.org/pages/ukci2010.php |archive-date=14 October 2010 |access-date=10 May 2010 |publisher=Centre for International Competitiveness}}</ref> It also has the highest [[gross value added]] per employee of any city in the UK outside London, measuring £57,594 in 2010.<ref>{{Cite web |title=Edinburgh by Numbers 2012/2013 |url=http://www.edinburgh-inspiringcapital.com/invest/economic_data/publications/edinburgh_by_numbers.aspx |url-status=dead |archive-url=https://web.archive.org/web/20131113034902/http://www.edinburgh-inspiringcapital.com/invest/economic_data/publications/edinburgh_by_numbers.aspx |archive-date=13 November 2013 |access-date=14 January 2014 |publisher=Edinburgh Inspiring Capital}}</ref> It was named European Best Large City of the Future for Foreign Direct Investment and Best Large City for Foreign Direct Investment Strategy in the ''[[Financial Times]]'' magazine in 2012.<ref>{{cite web |last1=Intelligence |first1=fDi |title=European Cities and Regions of the Future 2012/13 |url=https://www.fdiintelligence.com/content/analysis/european-cities-and-regions-of-the-future-201213-38267 |website=www.fdiintelligence.com |access-date=16 July 2024 |language=en }}{{Dead link|date=November 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

As the centre of [[Scottish Government|Scotland's government]] and [[Scots law|legal system]], the public sector plays a central role in Edinburgh's economy. Many departments of the Scottish Government are in the city, including the headquarters of the government at [[St Andrew's House]], the official residence of the [[First Minister of Scotland|First Minister]] at [[Bute House]] and Scottish Government offices at [[Victoria Quay, Edinburgh|Victoria Quay]]. Other major sectors across the city include administrative and support services, the education sector, public administration and defence, the health and social care sector, scientific and technical services, and construction and manufacturing.<ref>{{cite web |title=Labour Market Profile - Nomis - Official Census and Labour Market Statistics |url=https://www.nomisweb.co.uk/reports/lmp/la/1946157416/report.aspx#tabempunemp |website=www.nomisweb.co.uk |access-date=16 July 2024}}</ref> When the £1.3bn Edinburgh & South East Scotland City Region Deal<ref>{{Cite web |title=The Edinburgh and South East Scotland City Region Deal |url=https://esescityregiondeal.org.uk/ |access-date=25 April 2022 |website=The Edinburgh and South East Scotland City Region Deal |language=en-GB}}</ref> was signed in 2018, the region's Gross Value Added (GVA) contribution to the [[Economy of Scotland|Scottish economy]] was cited as £33bn, or 33% of the country's output. The City Region Deal funds a range of "Data Driven Innovation" hubs which are using data to innovate in the region, recognising the region's strengths in technology and data science, the growing importance of the data economy, and the need to tackle the digital skills gap, as a route to social and economic prosperity.<ref>{{Cite web |title=Data-Driven Innovation {{!}} Innovation & Collaboration |url=https://ddi.ac.uk/ |access-date=25 April 2022 |website=DDI |language=en-GB}}</ref><ref>{{Cite web |title=City Region Deal {{!}} About Us |url=https://ddi.ac.uk/about-us/eses-city-deal/ |access-date=25 April 2022 |website=DDI |language=en-GB}}</ref><ref>{{Cite web |url=https://www.scottishconstructionnow.com/article/edinburgh-and-south-east-city-region-deal-agreement-signals-green-light-for-1-3bn-investment |title=Edinburgh and South East City Region Deal agreement signals green light for £1.3bn investment |first=Scottish Construction |last=Now |website=Scottish Construction Now|date=7 August 2018 }}</ref>

Tourism is also an important element in the city's economy. As a World Heritage Site, tourists visit historical sites such as Edinburgh Castle, the Palace of Holyroodhouse, and the Old and New Towns. Their numbers are augmented in August each year during the [[Edinburgh Festival]]s, which attracts 4.4&nbsp;million visitors,<ref name="Edinburgh Economy Watch April 2010" /> and generates over £100M for the local economy.<ref>{{Cite web |date=14 October 2005 |title=2004 Festival Economic Impact Study results |url=http://www.edfringe.com/story.html?id=923 |url-status=dead |archive-url=https://web.archive.org/web/20070927195132/http://www.edfringe.com/story.html?id=923 |archive-date=27 September 2007 |access-date=23 March 2007 |publisher=Edinburgh Festival Fringe}}</ref> In March 2010, unemployment in Edinburgh was comparatively low at 3.6%, and it remains consistently below the Scottish average of 4.5%.<ref name="Edinburgh Economy Watch April 2010">{{Cite web |title=Edinburgh Economy Watch April 2010 |url=http://www.edinburgh-inspiringcapital.com/invest/economic_data/publications/edinburgh_economy_watch.aspx |url-status=dead |archive-url=https://web.archive.org/web/20100213181240/http://www.edinburgh-inspiringcapital.com/invest/economic_data/publications/edinburgh_economy_watch.aspx |archive-date=13 February 2010 |access-date=10 May 2010 |publisher=City of Edinburgh Council}}</ref> In 2022 Edinburgh was the second most visited city in the United Kingdom, behind [[London]], by overseas visitors.<ref>{{cite web |title=Tourism data reveals how many overseas visitors came to Scotland in 2022 |url=https://www.thenational.scot/news/23549218.edinburgh-second-most-visited-uk-city-2022-tourism-data-shows/ |website=The National |access-date=16 July 2024 |language=en |date=26 May 2023}}</ref>