IMD World Competitiveness Booklet 2023

Ireland Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Dublin

2

70 2022

7

0,950 2022

Exchange rate (per $)

11

5,10 2022 51 529,2 2022 26 130.649 2022 02

12

Population - market size (millions)

13

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

12,0 2022 01 8,07 2022 30 4,20 2022 22 2,69 2022 51 9,19 2022 13

• Global economic uncertainty and sector-specific headwinds. • Persistent inflation, including high energy costs. • Rising interest rates. • Continued capacity constraints, including in housing, construction sector, and infrastructure. • Risk of geopolitical economic fragmentation.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

1.362,5 2021 09 16,07 2021 05

Direct investment stocks inward ($bn)

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

1

1

2

3

3

5

7

9

9

9

12

14

16

16

18

19

20

29

30

45

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

2

2

4

6

9

9

7

7

11

9

82 Competitiveness Country Profiles