Country Overview
Ireland’s infrastructure planning processes and funding capacity are among the best in InfraCompass2020. Ireland’s strong credit rating and high GDP per capita places it in an excellent position to fund infrastructure investment. In addition, the quality of Ireland’s regulatory frameworks and governance systems promote competition among suppliers and encourage private investment. Despite an overall increase in the quality of procurement processes since InfraCompass 2017, Ireland could look to improve stock market liquidity, reduce its debt levels and reduce the duration of public procurement processes.
See Full Overview Data
GDP per capita
77,771 USD
Population
5.0 million persons
Infrastructure quality
77.0 (0-100 best)
Private infrastructure investment
925.9 5-year average, USD millions

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).

Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Rank

Score /100

Best practice

9
1
79.5
Global Leader
11
6
75.2
Global Leader
22
7
80.8
Top performer
5
-
98.2
Global Leader
25
5
83.4
Top performer
26
12
41.2
Top performer
4
8
83.7
Global Leader
37
3
35.7
Contender

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.

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. 

High income country average

Funding capacity:
GDP per capita

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.

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.

High income country average

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. 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.

Governance Regulatory Permits Planning Procurement Activity Funding Financial
Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Metric

Ireland

High Income Countries Average

Source Link

28.2%

Recovery rate

The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.

86.1 (-1.6)
68.3

20.7%

Rule of law

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.

79.3 (-1.1)
74.3

18.1%

Post-completion reviews

Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.

Yes
-

15.1%

Shareholder governance

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).

46.7
48.1

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.

67.2 (+3.0)
61.9

5%

Infrastructure or PPP agency

Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.

Yes
-

Ireland

High Income Countries Average

86.1 (-1.6)
68.3
79.3 (-1.1)
74.3
Yes
-
46.7
48.1
67.2 (+3.0)
61.9
Yes
-

Country Overview Data

Ireland’s infrastructure planning processes and funding capacity are among the best in InfraCompass2020. Ireland’s strong credit rating and high GDP per capita places it in an excellent position to fund infrastructure investment. In addition, the quality of Ireland’s regulatory frameworks and governance systems promote competition among suppliers and encourage private investment. Despite an overall increase in the quality of procurement processes since InfraCompass 2017, Ireland could look to improve stock market liquidity, reduce its debt levels and reduce the duration of public procurement processes.
GDP per capita

77,771 USD

Population

5.0 million persons

Infrastructure quality

77.0 (0-100 best)

Private infrastructure investment

925.9 5-year average, USD millions

GDP

384.9 USD billion

GDP growth rate

4.3%

GDP per capita growth rate

-0.7%

Gini coefficient

31.8 (0-100 worst)

Gross Government Debt

61.0% of GDP

Inflation rate

1.2%

Summary credit rating

78.0 (0-100 best)

Unemployment rate

5.3%

Urbanisation ratio

63.0% of total population

Road connectivity

88.4 (0-100 best)

Quality of road infrastructure

4.4 (1-7 best)

Efficiency of train services

4.0 (1-7 best)

Efficiency of air transport services

5.5 (1-7 best)

Efficiency of seaport services

5.0 (1-7 best)

Electricity access

100.0% of population

Electricity supply quality

7.2% of output lost

Exposure to unsafe drinking water

0.3% of population

Reliability of water supply

5.7 (1-7 best)

Digital Adoption Index

0.7 (0-1 best)

Mobile-broadband subscriptions

103.8 per 100 population

Fixed-broadband Internet subscriptions

29.7 per 100 population