Ireland has finished seventh in the World Competitiveness Yearbook, compiled each year by IMD Business School.
The index is based primarily on economic factors taken from a range of domestic and international sources, as well as surveys of global executives, according to RTÉ.
Overall, Ireland’s competitiveness was trumped by China-Hong Kong, Switzerland, USA, Singapore, Sweden and Denmark.
According to the report, the improvement in Ireland’s economic competitive can be seen in the country’s GDP or annual economic output, flexibility and adaptability of people and finance skills (though anyone who has lived in Ireland since 2008 would tell you that these skills are debatable). Ireland finished first overall in all these categories in the World Competitiveness Yearbook.
While not everyone in Ireland is feeling the benefits of economic recovery, IMD’s latest study does show that Ireland has risen nine places in the rankings for economic competitiveness since last year – showing that things are getting better on paper, at least.
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