Summary

The social value of weekly formal volunteering in Scotland is worth approximately £1000 per person, per year. That’s roughly equivalent to £20 a week (£19.23).
Scaled to the population level, the total social value generated by formal weekly volunteering is approximately £530 million.
When combined with the economic value of the time people spend formally volunteering, it means that Scottish volunteers are contributing £2.3 billion to the Scottish economy in terms of their time and higher wellbeing (note: this does not account for the costs of volunteering). This is more than the gross value added of the arts, entertainment and recreation sector to the Scottish economy (worth £2.1 billion).
We can be confident in these results because they are consistent across multiple Scottish datasets and statistical methods.