Learn about the current economic status of Aberdeen, Scotland, including its industries, job market, and economic outlook.
The current economic status of Aberdeen is largely influenced by its oil and gas industry. As one of the major hubs for offshore oil and gas production in Europe, Aberdeen has experienced periods of significant economic growth and prosperity. However, it has also faced challenges due to fluctuations in oil prices and the subsequent impact on the industry. The city has been working on diversifying its economy and promoting sectors such as tourism, renewable energy, and digital and creative industries. The COVID-19 pandemic has also had a substantial impact on Aberdeen's economy, particularly in sectors like hospitality and tourism. Efforts are being made to support businesses and stimulate economic recovery in the city.