IMD World Competitiveness Booklet 2022

Ireland Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Dublin

70 2021

7

0.845 2021

Exchange Rate (per $)

11

5.01 2021 51 498.6 2021 25 113,083 2021 03 13.5 2021 01 2.41 2021 22 4.90 2021 21 2.63 2021 50 12.97 2021 06 1,350.1 2020 08

12

12

Population - market size (millions)

13

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

Geo-political tensions.

•

Real GDP growth (%)

• Inflationary pressures including energy pricing. • Capacity constraints including housing, infrastructure, construction sector. • Availability of talent to meet critical skills gaps. • Global Supply chain disruption and bottlenecks.

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

7.62 2020 08

Direct investment flows inward (% of GDP)

PROVIDED BY: IDA Ireland

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

5

7

8

10 8

12 12 13

13

13

14

16

17 16

19

21

22

27

41

42

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

4

6

9

9

10

7

7

11

8

9

78 Competitiveness Country Profiles