Facts and figures 2019
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1 Facts and figures 2019
2 Index Belfast at a glance Business environment Operating costs Investment destination City development Education Employment Key growth sectors Tourism Connectivity Quality of life
3 Belfast at a glance #1 for Business Friendliness in mid-sized and small global cities fdi Intelligence, Global Cities of the Future, /19 Belfast accounts for 18% of the population and almost 30% of all jobs in NI Capital of NI with a population of 340,220 (over one million in the Belfast region) Young population 43% of Belfast s population are aged 30 or younger Significant investment in the city 26 completed projects and 19 under construction in the last year 47,893 GVA per capita (regionally balanced) Excellent quality of living: affordable, high quality housing, easy access to natural assets, a renowned education system and diverse cultural offer Three airports within 90 minutes of the city centre with direct flights to over 180 destinations in 40 countries on four continents Belfast facts and figures 3
4 Business environment Second fastest growing region in terms of knowledge economy activity Northern Ireland Knowledge Economy Report, Belfast is the driver of the NI economy Employment area Services Manufacturing Construction Other Total jobs 206,809 9,809 5,348 2, ,149 Total jobs in the city 10,560 VAT registered businesses Highest productivity growth in UK ( ) 4 Belfast facts and figures
5 Operating costs Ranked in top 10 most cost effective small and mid-sized global cities fdi Intelligence, Global Cities of the Future, /19 Office take-up increased 105% from rd fastest growing office market in the world (with annual percent change of 14.3%) Office rental prices per square foot Operating costs in NI are: 12% lower than other UK locations 33% lower than the USA 30% lower than France and Germany $ Belfast* Liverpool* Manchester* Bristol* Edinburgh* Glasgow* Leeds* Dublin** London** Sources: *CBRE, **Colliers, Conversion rate 1 = (5 March 2019) 5
6 Investment destination #2 overall in mid sized and small global cities fdi Global Cities of the Future, /19 Top 10 small European city for the future /19 23 major new company investments in Expected to create up to 1,300 new jobs Almost 75% of new investors reinvest in the region 1,025 international companies located in NI, employing 99,955 people 6 Belfast facts and figures
7 City development Belfast Region City Deal partners secured 850m co-investment BRCD, Offices Student accommodation (beds) Hotel rooms Residential units 752,957 1, ,187 ft 2 2,015 1, ft 2 Completed Under construction Completed Number of schemes under construction February 2019 Under construction Completed Under construction 13 Completed 203 Under construction Education Student accommodation Hotels Residential Offices Belfast facts and figures 7
8 Education Almost 80% of NI pupils continue into further and higher education Education and Training Inspectorate, Schools Maths 1st in Europe Primary School TIMMS, 2016 NI was the best performing region in the UK for GCSE results in GCSE 71.8% of year 12 pupils in NI achieved 5 or more GCSEs at grades A* to C Literacy 4th in Europe Primary School PIRLS, 2017 A LEVEL 84.5% of A level students in NI achieved grades A* to C 8 Belfast facts and figures
9 Lowest monthly student rent cost compared to other UK cities Student Living Index, Further education 30,000 Universities students enrolled at Belfast Metropolitan College (BMC) 44,625 full-time university students study in Belfast region QUB is a member of the prestigious Russell Group of research intensive universities UU is in the top 150 young universities in the world 49% of NI higher education students studied a broad STEM related subject in 2017 Over a third of the working age population is educated to NVQ Level 4 and above 35.2% Belfast facts and figures 9 Over 73,000 individuals involved in early stage entrepreneurial activity in NI in (one in every 16 NI adults)
10 Employment NI has the highest proportion of start ups reaching 1 million revenues within three years Enterprise Research Council, 2017 Sectors with high job growth expected up to 2026 Information and communication 21,250 Professional, scientific and technical 56.1% 70.3% start up survival Current jobs ,000 Projected new jobs by , ,470 Regional employment rate % increase +63% +41% Finance and insurance 20,500 +3, % Construction Hospitality Manufacturing Retail 50,750 +6, % 54,000 +6, % 89,250 +9, % 137,000 +2,781 +2% 10 Belfast facts and figures
11 Key growth sectors #1 destination for new software development projects in Europe Financial Times Knowledge economy 40,250 employed 543m business expenditure on R&D, higher than the UK and Republic of Ireland average 128 private equity and venture capital investments Advanced manufacturing materials engineering 2,000 40,000 companies employees Life and health sciences 130 7,500 companies employees Digital and ICT 1,200 28,000 companies employees 1.24bn Europe s 8th largest aerospace region in revenue terms NI aerospace is a 1.24bn industry Cyber security BELFAST 1,200 new cyber jobs in last five years, projected to grow to 5,000 by 2022 Belfast facts and figures 11
12 Tourism Titanic Hotel Belfast nominated for the World Travel Awards - World s Leading Heritage Hotel World Travel Awards, 1.48 million overnight trips to Belfast in 2017 (30% of NI) contributing 328 million 1.24m hotel room nights sold in : increase of 15.4% from the previous year 52% of NI s total overnight business trips were to Belfast (2017 figures) ICC Belfast won the Best Venue Award in #1 Conference & Incentive Travel Awards 118 A total of 118 cruise ships brought 133,588 visitors to Belfast, as well as 58,177 crew - this is a 23,177 increase from 2017 #1 World s best food destination International Travel and Tourism Awards 12 Belfast facts and figures
13 Connectivity # 4 globally for connectivity amongst small and mid-sized cities FDi global cities for the future awards, /19 Air 8.7 million passengers on 60 routes passed through Belfast airports in (+300,000 on 2017 figures) Road and rail Dublin: 90 minutes by car Regular bus and train services Belfast Dublin Sea 24.6 million tonnes of goods and 1.51 million passengers were handled by Belfast Harbour in 532,000 freight vehicles passed through the Port in Digital 85% of households in Belfast have >= 300Mbit/s ultrafast coverage 100 gigabite per second telecoms link between NI, Europe and North America Belfast facts and figures 13
14 Quality of life Belfast is ranked 3rd globally for human capital and lifestyle amongst small and mid-sized cities FDI Intelligence, NI happiest region in the UK 25,175 median gross annual earnings in 129,203 average house price 87% of residents engaged with arts and cultural activities in 51% of city retailers are independents 47 Over 80 public parks with 19 Green Flag Awards cultural festivals every year 14 Belfast facts and figures
15 Delivering The Belfast Agenda Our four key priorities Creating jobs and investment Working and learning Connecting people to opportunities Growing the economy Inclusive growth leaving no one behind City development Living here Making life better for all our residents Creating a competitive and sustainable city For more information go to
16 Published: March 2019 BCC 0109 Belfast City Council Place and Economy Department (0)28 Belfast City Council
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