IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL IRELAND

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Dublin

2016 2017 2018 2019 2020

70 2019

6

7

7

0.893 2019 4.92 2019 388.7 2019 84,917 2019 5.5 2019 0.88 2019 5.00 2019 2.47 2019 -9.45 2019 909.5 2018 -20.39 2019

Exchange Rate (per $)

12

12

53

Population - market size (millions)

CHALLENGES IN 2020 The impact of Covid-19. Risk of increase in structural unemployment. • The impact of Covid-19. • Risk of increase in structural unemployment. • A global economic recession. • An escalation of trade protectionism. • The nature and timing of Brexit.

31

Gross Domestic Product (GDP) (US$ billions)

4

GDP (PPP) per capita (US$)

3

Real GDP growth (%)

20

Consumer price inflation (%)

31

Unemployment rate (%)

52

Labor force (millions)

62

Current account balance (% of GDP)

9

Direct investment stocks inward ($bn)

IDA Ireland Provided by: IDA Ireland

63

Direct investment flows inward (% of GDP)

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

1

1

2

5

9

13

13

16

16

17

18

18 21

20

20

21

23

35

42

51

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

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

3

5

4

4

6

6

9

10

7

8

78

IMD WORLD COMPETITIVENESS BOOKLET 2020