Northern Ireland has topped the UK’s economic growth charts since the 2016 Brexit vote. According to recent data, Northern Ireland’s economy grew by 16.5% from 2015 to 2023, outpacing every other major region of the UK.

Economic Indicators

The UK economy expanded by 11% over the same time frame, with Scotland’s economy ranking last with growth of 7%. The services sector is dominant in Northern Ireland’s economy, with financial services output increasing by 50% between 2015 and 2023.

Retail has also thrived, with sales volumes exceeding pre-pandemic levels. The permanent depreciation of sterling has helped tempt consumers in the Irish Republic to make frequent shopping trips to the North.

Integration with Ireland’s Economy

Northern Ireland’s economy is integrating increasingly with the south, in part thanks to a burgeoning economic corridor between Dublin and Belfast. The Windsor Agreement, which allows Northern Ireland to simultaneously access the EU single market for goods and the UK internal market, has also represented a plus for the province’s manufacturing sector.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.