Tuesday, 18 June 2019

Questions (280)

Billy Kelleher

Question:

280. Deputy Billy Kelleher asked the Minister for Business, Enterprise and Innovation the 2018 and 2019 rankings for each metric used for Ireland (details supplied). [24843/19]

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Written answers (Question to Business)

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-indicators

2019

2018

Export concentration by partner

57th

55th

Export concentration by product

47th

50th

Skilled Labour is readily available

12th

20th

Maintenance and development of infrastructure are adequately planned and financed

33rd

33rd

Total R&D spend as a % of GDP

35th

32nd

Total public expenditure on education per capita

15th

17th

Total public expenditure on education as a % of GDP

54th

55th

Apartment (3-room) monthly rent

55th

51st

Office rent occupation cost

54th

53rd

Overall

7th

12th