The north-east has is in the “premier league” of European regions after a new study revealed the area had the tenth highest gross domestic product (GDP) in the EU.
Aberdeen and Aberdeenshire ranks alongside the likes of London and Amsterdam in the European Commission’s Regional Competitiveness Index, which was published yesterday.
GDP is a measure of the economic health of a particular area, estimated by the total cost of goods exported against wages paid.
But the north-east was ranked as “weak”, when compared to its 15 competitor areas in terms of infrastructure, health and macro-economic stability.
The Regional Competitiveness Index is published every three years.
Last night, city councillor Barney Crockett said it showed the region was in the “top league”.
He added: “I think people will be shocked that, even after the oil downturn, we are still considered so highly in Europe.
“Brexit could have an impact but I think this shows the entrepreneurial spirit of the people in this city and this region.”