Bulletin 24-4 IMD World Competitiveness Rankings
The National Competitiveness and Productivity Council (NCPC) is pleased to publish Bulletin 24-4 IMD World Competitiveness Rankings which examines Ireland’s fourth place in the rankings.
This ranking demonstrates that the Irish economy remains strongly competitive. Despite a relative slowdown in the rate of economic expansion, Ireland continues to rank highly. In particular, our competitiveness position is buoyed by our performance in terms of Government and Business Efficiency. The IMD point to our strong public finances, business legislation, alongside strong management practices and positive ‘attitudes and values’ as being significant factors behind Ireland being a great place to do business.
The most critical competitiveness deficit remains Ireland’s Infrastructure performance (17th), in particular our performance under Basic Infrastructure where we rank at 38th (down from 29th in 2023). This includes management of water infrastructure, our energy infrastructure and relatively high electricity costs.
Ireland should continue to harness these strengths to compete, while seeking to address areas of weakness. The strong growth in the Irish economy over the last decade has resulted in capacity issues. Addressing long-standing infrastructural deficits and investing in energy infrastructure to allay high energy costs for businesses and households will enhance Ireland’s competitiveness position.
Related Link
This is the fifth formal response issued by Government to the Competitiveness Challenge reports published annually by the Council. The Government recognises the importance and value of the Council’s ongoing work in assessing Ireland’s com...
Whilst it is inevitable that a given Budget will be characterised by a focus on immediate priorities, it also plays a significant role in shaping our broader fiscal approach, and so the objective of this paper is to specifically highlight t...
The Summit was hosted by the Taoiseach and featured discussions on Ireland’s current and future competitiveness challenges we face as a country. The Summit was attended by the relevant Ministers along with representatives of IDA Ireland and...
The Council’s annual report sets out the range of key challenges facing Ireland’s economy, particularly over the medium to long-term. This year, the Council places a clear emphasis on addressing those challenges that come within domestic co...
The National Competitiveness and Productivity Council is pleased to publish Bulletin 24-4 IMD World Competitiveness Rankings which examines Ireland’s fourth place in the IMD’s World Competitiveness rankings. This ranking demonstrates that t...
The National Competitiveness and Productivity Council (NCPC) is pleased to publish Competitiveness Bulletin 24-3 ‘Competitiveness and the Housing Market in Ireland’ which examines the implications of the housing market for Ireland’s competi...
The National Competitiveness and Productivity Council (NCPC) in conjunction with Limerick Chamber and the University of Limerick organised a regional seminar on the 30th of April 2024.
The Department of Enterprise, Trade and Employment (DETE) and the Economic and Social Research Institute (ESRI) Joint Research Programme Seminar on ‘Driving Productivity in a Digital-Green Future: Insights on Twin Transition Research’ was h...
Ireland’s Competitiveness and Productivity Framework bulletin outlines the National Competitiveness and Productivity Council’s (NCPC) recent decision to review the longstanding pyramidal framework.
In October 2021, the Department of Enterprise, Trade and Employment entered into an agreement with the Economic and Social Research Institute (ESRI) to embark on a joint research programme, titled “The Productivity Challenge and Its interac...