Northern Ireland Economy
   HOME
*



picture info

Northern Ireland Economy
The economy of Northern Ireland is the smallest of the four constituents of the United Kingdom and the smaller of the two jurisdictions on the island of Ireland. At the time of the Partition of Ireland in 1922, and for a period afterwards, Northern Ireland had a predominantly industrial economy, most notably in shipbuilding, rope manufacture and textiles, but most heavy industry has since been replaced by services. Northern Ireland's economy has strong links to the economies of the Republic of Ireland and Great Britain. Overview Output and economic growth Northern Ireland has the smallest economy of any of the twelve ITL 1 regions of the United Kingdom, at £27.4bn (€37.8bn). However, this is partly because Northern Ireland has the smallest population; at £15,200 (€21,000) Northern Ireland has a greater GDP per capita than both North East England and Wales. Rural areas including the North West are particularly deprived. It suffers from the highest unemploymen ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

ITL (UK)
International Territorial Level (ITL) is a geocode standard for referencing the subdivisions of the United Kingdom for statistical purposes, used by the Office for National Statistics (ONS). From 2003 and until 2020 it functioned as part of the European Union and European Statistical System's geocode standard Nomenclature of Territorial Units for Statistics or NUTS. Following Brexit, the ONS set to develop a domestic statistical classification framework separate from NUTS. Currently, the ITLs are a mirror to the pre-existing NUTS system, they retain the same three level hierarchy and boundaries used for NUTS in the United Kingdom since 2018, with the next review scheduled for 2024. ITLs are set to follow a similar review timetable to NUTS, being reviewed every three years. The ONS will develop new official GSS codes of ITL geography aligned with the existing NUTS codes. From 1 January 2021, the ONS encourages "ITL" be used as a replacement to the "NUTS" designation, with lookups ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Titanic Quarter
Titanic Quarter in Belfast, Northern Ireland, is a large-scale waterfront regeneration, comprising historic maritime landmarks, film studios, education facilities, apartments, a riverside entertainment district, and the world's largest Titanic-themed attraction centred on land in Belfast Harbour, known until 1995 as Queen's Island. The site, previously occupied by part of the Harland and Wolff shipyard, is named after the company's, and the city's, most famous product, RMS ''Titanic''. Titanic Quarter is part of the Dublin-based group, Harcourt Developments, which has held the development rights since 2003. Completed projects The largest development is the £97 million ''Titanic'' Belfast visitor attraction which holds the record for the island's largest ever single concrete pour (4,300 cubic metres) for its foundations. The building opened on 31 March 2012 and attracted over 800,000 visitors in its first year. The attraction is owned by a charitable foundation. The archit ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Victoria Square Shopping Centre
Victoria Square is a shopping and leisure complex located in Belfast, Northern Ireland. The area includes over 70 shops, several restaurants and the Odeon cinema. Opened on 6 March 2008, Victoria Square is a commercial, residential and leisure development which took 6 years to build. Its anchor tenant at nearly is the largest House of Fraser that the retailer has opened in the UK. Design Victoria Square was developed by Multi Development UK Ltd. The architects were Building Design Partnership and T+T Design, the in house architects of Multi Corporation. At approximately and costing £400m, it is the biggest and was one of the most expensive property developments ever undertaken in Northern Ireland. An element of the development is two covered, multi-level streets linked to the glass dome which measures 37 m in diameter and 45 m in height. A public square covered entirely by the glass dome serves as the hub of the entire area. The Jaffe Fountain, constructed in the 1870s by ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Derry Urban Area
file:St_Eugene%27s_Roman_Catholic_Cathedral,_Derry_-_geograph.org.uk_-_1511593.jpg, 300px, View of Derry including St Eugene's Roman Catholic Cathedral, alt=A view of Derry looking towards St Eugene's Cathedral, the mother church of the Roman Catholic diocese of Derry, across the Bogside's Lecky Road and Fahan Street, taken from the Grand Parade on the City Walls. Houses are visible, two have a mural The Derry Urban Area ( ga, Limistéar Uirbeach Dhoire) is the urban area that includes and surrounds the city of Derry in Northern Ireland, and is part of the Derry City and Strabane District Council area. It had a population of 93,512 in the 2001 census. It is the second largest urban area in Northern Ireland (after Belfast) and the fifth largest urban area in Ireland (after Dublin, Belfast, Cork and Limerick). The Londonderry Urban Area consists of Derry City, Culmore, New Buildings and Strathfoyle. The Greater Derry area, that area within about 20 miles of the city, has a populat ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Good Friday Agreement
The Good Friday Agreement (GFA), or Belfast Agreement ( ga, Comhaontú Aoine an Chéasta or ; Ulster-Scots: or ), is a pair of agreements signed on 10 April 1998 that ended most of the violence of The Troubles, a political conflict in Northern Ireland that had prevailed since the late 1960s. It was a major development in the Northern Ireland peace process of the 1990s. It is made up of the Multi-Party Agreement between most of Northern Ireland's political parties, and the BritishIrish Agreement between the British and Irish governments. Northern Ireland's present devolved system of government is based on the agreement. Issues relating to sovereignty, governance, discrimination, military and paramilitary groups, justice and policing were central to the agreement. It restored self-government to Northern Ireland on the basis of "power sharing" and it included acceptance of the principle of consent, commitment to civil and political rights, cultural parity of esteem, police r ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

The Troubles
The Troubles ( ga, Na Trioblóidí) were an ethno-nationalist conflict in Northern Ireland that lasted about 30 years from the late 1960s to 1998. Also known internationally as the Northern Ireland conflict, it is sometimes described as an "irregular war" or "Low-intensity conflict, low-level war". The conflict began in the late 1960s and is usually deemed to have ended with the Good Friday Agreement of 1998. Although the Troubles mostly took place in Northern Ireland, at times violence spilled over into parts of the Republic of Ireland, England and mainland Europe. The conflict was primarily political and nationalistic, fuelled by historical events. It also had an Ethnic group, ethnic or sectarian dimension but despite use of the terms 'Protestant' and 'Catholic' to refer to the two sides, it was not a Religious war, religious conflict. A key issue was the Partition of Ireland, status of Northern Ireland. Unionism in Ireland, Unionists and Ulster loyalism, loyalists, who for ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Macroeconomy
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism." Macroeconomists study topics such as GDP (Gross Domestic Product), unemployment (including unemployment rates), national income, price indices, output, consumption, inflation, saving, investment, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. The United Nations Sustainable Development Goal 17 has a target to enhan ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Unemployment
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for Work (human activity), work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * new technology, technologies and inventions * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * Policy, policies of the government * regulation and market (economics), market Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influ ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Newtownards
Newtownards is a town in County Down, Northern Ireland. It lies at the most northern tip of Strangford Lough, 10 miles (16 km) east of Belfast, on the Ards Peninsula. It is in the Civil parishes in Ireland, civil parish of Newtownards (civil parish), Newtownards and the historic Barony (Ireland), baronies of Ards Lower and Castlereagh Lower. Newtownards is in the Ards and North Down Borough Council, Ards and North Down Borough. The population was 28,050 in the United Kingdom census, 2011, 2011 Census. History Irish settlement In 540 AD, Finnian of Moville, St. Finian founded Movilla Abbey, a monastery, on a hill overlooking Strangford Lough about a mile northeast of present-day Newtownards town centre. "Movilla" (''Magh Bhile'') means "the plain of the sacred tree" in Irish language, Irish, which suggests that the land had previously been a sacred Celtic paganism, pagan site. It became a significant Christian settlement - a centre for worship, study, mission and comm ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]