EconomyManufacturing has, in common with the rest of the UK, been in long-term decline, although a steady stream of government contracts has enabled it to survive in a reduced form. Agriculture has performed steadily, underpinned by the policies of the European Union. The public sector is now the largest single part of the economy and subventions from the British government in one form or another account for the bulk of the province’s income.
The political settlement in the province has presented a number of new opportunities for Northern Ireland’s economy, as well as a number of problems. The most important of these is tourism, which is particularly sensitive to political circumstances in the province and has been largely depressed until recently. However, Northern Ireland and the Republic of Ireland now market themselves jointly overseas under the Tourism Ireland banner and tourism in Northern Ireland has seen growth in recent years.
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