Written answers

Tuesday, 18 June 2019

Department of Jobs, Enterprise and Innovation

Economic Competitiveness

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail)
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280. To ask the Minister for Jobs, Enterprise and Innovation the 2018 and 2019 rankings for each metric used for Ireland (details supplied). [24843/19]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
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The IMD's World Competitiveness Yearbook assesses countries across the globe using over 230 competitiveness indicators. It ranks and analyses the ability of nations to create and maintain a competitive business environment and as a result, foster prosperity and long-term value creation. It considers competitiveness using a mixture of quantitative and qualitative data.

In the 2019 IMD report, Ireland is ranked 7th out of 63 economies – an improvement of five places from 2018. Amongst the euro area countries, Ireland is ranked 2nd most competitive, which represents an increase of one place since 2018

Ireland improved its rankings from 2018 in three out of the four core pillars of competitiveness assessed by the IMD – Economic performance, 6th (up 5 places), Government efficiency, 11th (up 2 places), Business efficiency, 3rd (up 7 places) and Infrastructure, 23rd (down 2 places).

Annual change in rankings for selected sub indicators are presented in the following table.

Sub-indicators20192018
Export concentration by partner57th55th
Export concentration by product47th50th
Skilled Labour is readily available12th20th
Maintenance and development of infrastructure are adequately planned and financed33rd33rd
Total R&D spend as a % of GDP35th32nd
Total public expenditure on education per capita15th17th
Total public expenditure on education as a % of GDP54th55th
Apartment (3-room) monthly rent55th51st
Office rent occupation cost54th53rd
Overall 7th12th

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