Belfast, Northern Ireland, United Kingdom

🇮🇪 Belfast is the capital and largest city of Northern Ireland, standing on the banks of the River Lagan on the east coast. It is the second-largest city in Ireland. Belfast suffered greatly during the violence that accompanied the partition of Ireland, and especially during the more recent conflict known as the Troubles.

By the early 19th century, Belfast was a major port. It played an important role in the Industrial Revolution in Ireland, becoming briefly the biggest linen-producer in the world, earning it the nickname "Linenopolis". By the time it was granted city status in 1888, it was a major centre of Irish linen production, tobacco-processing and rope-making. Shipbuilding was also a key industry; the Harland and Wolff shipyard, which built the RMS Titanic, was the world's largest shipyard. Belfast as of 2019 has a major aerospace and missiles industry. Industrialisation, and the inward migration it brought, made Belfast Northern Ireland's biggest city. Following the partition of Ireland in 1921, Belfast became the seat of government for Northern Ireland. Belfast's status as a global industrial centre ended in the decades after the Second World War.

Belfast is still a port with commercial and industrial docks, including the Harland and Wolff shipyard, dominating the Belfast Lough shoreline. It is served by two airports: George Best Belfast City Airport, 3 miles (5 kilometres) from the city centre, and Belfast International Airport 15 miles (24 kilometres) west of the city.

Economy When the population of Belfast town began to grow in the 17th century, its economy was built on commerce. It provided a market for the surrounding countryside and the natural inlet of Belfast Lough gave the city its own port. The port supplied an avenue for trade with Great Britain and later Europe and North America. In the mid-17th century, Belfast exported beef, butter, hides, tallow and corn and it imported coal, cloth, wine, brandy, paper, timber and tobacco.

Around this time, the linen trade in Northern Ireland blossomed and by the middle of the 18th century, one fifth of all the linen exported from Ireland was shipped from Belfast. The present city however is a product of the Industrial Revolution. It was not until industry transformed the linen and shipbuilding trades that the economy and the population boomed. By the turn of the 19th century, Belfast had transformed into the largest linen producing centre in the world, earning the nickname "Linenopolis".

Belfast harbour was dredged in 1845 to provide deeper berths for larger ships. Donegall Quay was built out into the river as the harbour was developed further and trade flourished. The Harland and Wolff shipbuilding firm was created in 1861, and by the time the Titanic was built, in 1912, it had become the largest shipyard in the world.

Short Brothers plc is a British aerospace company based in Belfast. It was the first aircraft manufacturing company in the world. The company began its association with Belfast in 1936, with Short & Harland Ltd, a venture jointly owned by Shorts and Harland and Wolff. Now known as Shorts Bombardier it works as an international aircraft manufacturer located near the Port of Belfast.

The rise of mass-produced and cotton clothing following World War I were some of the factors which led to the decline of Belfast's international linen trade. Like many British cities dependent on traditional heavy industry, Belfast suffered serious decline since the 1960s, exacerbated greatly in the 1970s and 1980s by the Troubles. More than 100,000 manufacturing jobs have been lost since the 1970s. For several decades, Northern Ireland's fragile economy required significant public support from the British exchequer of up to £4 billion per year.

After the Troubles The IRA ceasefire in 1994 and the signing of the Good Friday Agreement in 1998 have given investors increased confidence to invest in Belfast. This has led to a period of sustained economic growth and large-scale redevelopment of the city centre. Developments include Victoria Square, the Cathedral Quarter, and the Laganside with the Odyssey complex and the landmark Waterfront Hall.

The Waterfront Hall. Built in 1997, the hall is a concert, exhibition and conference venue.

Other major developments include the regeneration of the Titanic Quarter, and the erection of the Obel Tower, a skyscraper set to be the tallest tower on the island. Today, Belfast is Northern Ireland's educational and commercial hub. In February 2006, Belfast's unemployment rate stood at 4.2%, lower than both the Northern Ireland and the UK average of 5.5%. Over the past 10 years employment has grown by 16.4%, compared with 9.2% for the UK as a whole.

Northern Ireland's peace dividend has led to soaring property prices in the city. In 2007, Belfast saw house prices grow by 50%, the fastest rate of growth in the UK. In March 2007, the average house in Belfast cost £91,819, with the average in south Belfast being £141,000. In 2004, Belfast had the lowest owner occupation rate in Northern Ireland at 54%.

Peace has boosted the numbers of tourists coming to Belfast. There were 6.4 million visitors in 2005, which was a growth of 8.5% from 2004. The visitors spent £285.2 million, supporting more than 15,600 jobs. Visitor numbers rose by 6% to reach 6.8 million in 2006, with tourists spending £324 million, an increase of 15% on 2005. The city's two airports have helped make the city one of the most visited weekend destinations in Europe.

Belfast has been the fastest-growing economy of the thirty largest cities in the UK over the past decade, a new economy report by Howard Spencer has found. "That's because of the fundamentals of the UK economy and because people actually want to invest in the UK", he commented on that report.

BBC Radio 4's World reported furthermore that despite higher levels of corporation tax in the UK than in the Republic. There are "huge amounts" of foreign investment coming into the country.

The Times wrote about Belfast's growing economy: "According to the region's development agency, throughout the 1990s Northern Ireland had the fastest-growing regional economy in the UK, with GDP increasing 1 per cent per annum faster than the rest of the country. As with any modern economy, the service sector is vital to Northern Ireland's development and is enjoying excellent growth. In particular, the region has a booming tourist industry with record levels of visitors and tourist revenues and has established itself as a significant location for call centres". Since the ending of the region's conflict tourism has boomed in Northern Ireland, greatly aided by low cost.

Der Spiegel, a German weekly magazine for politics and economy, titled Belfast as The New Celtic Tiger which is "open for business".