Since 2011, Ireland’s relative international competitiveness as measured by a range of international indices improved. Ireland moved from 24th to 16th in the IMD’s World Competitiveness Yearbook and from 29th to 25th in the WEF Global Competitiveness Report. In addition, the World Bank’s most recent “Doing Business” report shows Ireland is now ranked 13th out of 189 countries, up two places since 2014.
While welcoming the improvement in Ireland’s rankings over the period 2011-2014, the National Council for Competitiveness is concerned that hard won competitiveness gains are at risk of being eroded. International competitiveness is a dynamic process and competition in the global economy is intense and constant.