Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Cost to start a business
According to the World Bank, the cost of starting a business in Ireland is 0.1% of income per capita, well below the High Income Countries’ average of 4.7%, easing the entry of new firms.
GDP per capita
Over the last decade, Ireland’s GDP per capita has increased by 49% to USD 77,771 in 2019. This means Ireland has the highest GDP per capita of countries in InfraCompass2020, although this is partly due to many multi-national companies realising profits in Ireland.
Preparation of PPPs
At 88, Ireland’s score on the preparation of PPPs is much higher than the High Income Countries average of 67. Good practices at the preparation stage help ensure that a decision is justified and that the procuring authority is ready to initiate the process.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Permits:
Cost to start a business
Funding capacity:
GDP per capita
Planning:
Preparation of PPPs
Opportunities to Grow
Stocks traded
The total value of stocks traded in Ireland amounts to 8.39% of GDP, significantly below the High Income Countries’ average of 43%. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
Long term GDP growth trend
Ireland’s long-term GDP growth of 5.2% is above average for High Income Countries. The uncertain impact of the COVID-19 pandemic may still present a challenge to Ireland’s strong growth.
Gross government debt
Ireland's gross government debt has fallen substantially since 2016 and is now 60.9% of GDP. With the impact of the COVID-19 pandemic on the government’s fiscal position, servicing debt may hinder the Irish government's ability to fund infrastructure through public investment.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Financial markets:
Stocks traded
Funding capacity:
Long term GDP growth trend
Funding capacity:
Gross government debt
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Ireland
High Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
100,129 USD
5.0 million persons
Infrastructure quality77.0 (0-100 best)
384.9 USD billion
GDP growth rate4.3%
GDP per capita growth rate-0.7%
Gini coefficient31.8 (0-100 worst)
Gross Government Debt61.0% of GDP
Inflation rate1.2%
Summary credit rating78.0 (0-100 best)
Unemployment rate5.3%
Urbanisation ratio63.0% of total population
Road connectivity88.4 (0-100 best)
4.4 (1-7 best)
Efficiency of train services4.0 (1-7 best)
Efficiency of air transport services5.5 (1-7 best)
Efficiency of seaport services5.0 (1-7 best)
Electricity access100.0% of population
Electricity supply quality7.2% of output lost
Exposure to unsafe drinking water0.3% of population
Reliability of water supply5.7 (1-7 best)
Digital Adoption Index0.7 (0-1 best)
Mobile-broadband subscriptions103.8 per 100 population
Fixed-broadband Internet subscriptions29.7 per 100 population