The Economy of Northern Ireland

A detailed Summary of The Economy of Northern Ireland


THE ECONOMY OF NORTHERN IRELAND

( Finance, Industry, Trade, Agriculture, Employment)

Economy, Finance, Industry and Trade

- Northern Ireland is currently enjoying a period of economic growth

- output and employment rising and unemployment falling

- GDP* per head in Northern Ireland increased almost by 58%, this compares with a 49.9% increase in the UK as a whole, but still remains lower than the rest of the UK

- In 1997, average gross weekly earnings in Northern Ireland were L319.70 compared to L372.20 in England

- Manufacturing output in Northern Ireland has increased significantly over the past 5 years, and at a faster rate of growth than that of the UK as a whole

- Industrial production in Northern Ireland increased in the 5 years between 1991-1996 by nearly


- Since 1978, the number of females in employment has increased by 71,000 while the number of males has increased by only 30,000

- Northern Ireland has always had a higher rate of unemployment amongst members of the Catholic community than the Protestant community

- However Northern Ireland has experienced a trade deficit with the Republic of Ireland every year since 1981

- Unemployment in Northern Ireland is currently at its lowest level in 18 years. It has fallen from 16.8% in 1986 to 8.2% in 1997

- House prices in Northern Ireland are rising at a significantly faster rate than the general UK rate of inflation

- More people in Northern Ireland are employed in the areas of services, manufacturing and health and social work than any other section



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Approximate Word count = 564
Approximate Pages = 2 (250 words per page double spaced)

Category: History

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