Ireland is now the 7^th most competitive country in the world, the latest IMD World Competitiveness Yearbook shows. This is a significant improvement of 9 places since last year, and represents Ireland’s highest ranking since 2001.

The top ten competitive countries are:

1. Hong Kong
2. Switzerland
3. US
4. Singapore
5. Sweden
6. Denmark
7. Ireland
8. The Netherlands
9. Norway
10. Canada

Ireland performs particularly well on business efficiency, where we are ranked 2^nd among the 61 countries included, while our economic performance is ranked an impressive 6^th. The report also highlights areas in need of improvement, not least infrastructure where Ireland is ranked 23^rd overall but only 40^th for basic infrastructure.

Further information available here.