Economy of Belfast

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