Oireachtas Joint and Select Committees

Tuesday, 14 February 2017

Committee on Budgetary Oversight

Competitiveness and Economic Growth: National Competitiveness Council

4:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

I will be brief as I have to go to the Dáil for a parliamentary question. I welcome the delegation and the benchmarking report and some of the other papers which the secretariat provided for us. It makes for very interesting reading. I wonder about the whole issue of measuring productivity and measuring competitiveness. Was the council concerned about the huge jump in GDP in 2015, resulting from, it seems, foreign direct investment, aircraft leasing and so on? I notice the council refers to GNI or national income specifically in a number of comparators that it has used. I know that the council is trying to measure multi-factor productivity and it has comparators, such as Denmark, but can we rely on the kind of information that we have at national level to measure competitiveness?

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