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As a major seaport, Bristol has a long history of trading commodities, particularly tobacco; deals were frequently struck on a personal basis in the former trading area around Corn Street, and in particular, over metal trading tables, known as 'The Nails'. This is the origin of the expression 'cash on the nail', meaning immediate payment.

As well as Bristol's nautical connections, the city's economy is reliant on the aerospace industry, the media, information technology and financial services sectors and tourism.

While Bristol's economy is no longer reliant upon its port, the city is the largest importer of cars to the UK. Since the port was leased in 1991, £330 million has been invested and the annual tonnage throughput has increased from 4 million tonnes to 12 million tonnes. The financial services sector employs 40,000 in the city, and the hi-tech sector is important, with 400 micro-electronics and silicon design companies, as well as the Hewlett-Packard national research laboratories. Bristol is the UK's seventh most popular destination for foreign tourists, and the city receives nine million visitors each year.

The aerospace industry remains a major segment of the local economy. The major aerospace companies in Bristol now are BAE Systems, Airbus and Rolls-Royce, all based at Filton, and aerospace engineering is a prominent research area at nearby UWE. Another important aviation company in the city is Cameron Balloons, a manufacturer of hot air balloons. Each August the city is host to the Bristol International Balloon Fiesta, one of Europe's largest hot air balloon events.

In its day, Bristol was also a famous centre of cigarette manufacture.

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13y ago
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12y ago

Bristol is famous for its boatt ss Great Britain which you can visit, and bridges like the clifton suspension bridge built by Isambard Kingdom Brunel.

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