Ireland has ranked overall 2nd in the 2023 IMD World Competitive Rankings, which assesses and ranks 64 economies around the world based on their ability to create and maintain a competitive business environment.

Rankings are generated across four areas: Economic Performance (where Ireland ranked 1st), Government Efficiency (3rd), Business Efficiency (3rd) and Infrastructure (19th).

Simon Coveney, T.D., Minister for Enterprise, Trade and Employment commented “Ireland’s top ranking in terms of economic performance and significant improvements in government efficiency and business efficiency have seen the country climb from 11th to 2nd in the overall rankings in the past twelve months. The ranking underlined the continued improvement in Ireland’s fiscal position, our strong national income growth and increased foreign direct investment.”