Competitiveness

Key Facts

  • Ireland is the 3rd most competitive economy in the Eurozone and the 5th most competitive in the EU.
  • Maintaining and improving competitiveness as the economy grows is a key Government priority.
  • The cost of living in regional locations in Ireland compares exceptionally well to other competing cities, while Dublin ranks among the top 10 European cities for purchasing power.
  • The Government’s Rebuilding Ireland Action Plan is targeting a doubling of the output of new homes to deliver 25,000 units per annum on average by 2020.
  •  Irish labour costs have grown at an average of less than 2% annually over the last five years. Hourly labour costs in Ireland are mid-range in Europe and below the Eurozone average.

Cost of Living in Ireland

  • Ireland is the 3rd most competitive economy in the Eurozone and the 5th most competitive in the EU
  • Maintaining and improving competitiveness as the economy grows is a key Government priority

https://www.idaireland.com/invest-in-ireland/cost-of-living-ireland