The World Economic Forum (WEF) have released their global competitiveness report. Ireland ranked 23rd, which was one of the lowest in Western Europe. Eleven other countries in Western Europe were ranked higher: Switzerland, Germany, Netherlands, Finland, Sweden, UK, Norway, Denmark, Belgium, France and Austria.
Inadequate supply of infrastructure was identified as by far the biggest deficiency, and the most problematic factor for doing business. In light of the upcoming budget it’s probably worth noting that all European countries who scored better than Ireland have a higher tax to GDP ratio. Revenue as a percentage of national income is higher in all these countries, which can be probably be taken as a measure of state capacity.