Ease of doing business index for Ireland
ICBUSEASEXQIRL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Ireland measures the overall business environment and regulatory landscape for companies operating in the country. It is a key indicator used by policymakers and investors to assess Ireland's economic competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Ease of Doing Business Index evaluates metrics such as starting a business, obtaining construction permits, getting electricity, registering property, accessing credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The index provides a comprehensive view of the regulatory and institutional environment for businesses in Ireland.
Methodology
The data is compiled annually by the World Bank based on surveys of businesses and analysis of laws and regulations.
Historical Context
The index is widely referenced by economists, investors, and policymakers to understand Ireland's economic conditions and competitiveness.
Key Facts
- Ireland ranked 24th out of 190 economies in the 2020 Ease of Doing Business Index.
- The index score for Ireland was 80.4 in 2020, indicating a favorable business environment.
- Ireland performed best in areas like starting a business, getting electricity, and enforcing contracts.
FAQs
Q: What does the Ease of Doing Business Index for Ireland measure?
A: The index evaluates the overall business environment and regulatory landscape for companies operating in Ireland across various metrics like starting a business, obtaining permits, accessing credit, and resolving insolvency.
Q: Why is the Ease of Doing Business Index relevant for users or analysts?
A: The index provides a comprehensive assessment of Ireland's competitiveness and is widely used by policymakers, investors, and economists to understand the country's economic conditions and attractiveness for business.
Q: How is the Ease of Doing Business Index data collected or calculated?
A: The data is compiled annually by the World Bank based on surveys of businesses and analysis of laws and regulations in Ireland.
Q: How is the Ease of Doing Business Index used in economic policy?
A: The index is referenced by policymakers, institutions, and investors to assess Ireland's economic competitiveness and inform decisions related to investment, trade, and regulatory reforms.
Q: Are there any update delays or limitations with the Ease of Doing Business Index?
A: The index is published annually, and there may be a delay of several months between the end of the reference year and the release of the latest data.
Related Trends
Harmonized Index of Consumer Prices: Motor Cars for Ireland
CP0711IEM086NEST
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Ireland
CPGRLE01IEM657N
Total Credit to Non-Financial Corporations, Unadjusted for Breaks, for Ireland
CRDQIEANUBIS
Gross Portfolio Equity Assets to GDP for Ireland
DDDM09IEA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Ireland
CPGREN01IEQ659N
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Ireland
LRAC25MAIEA156S
Citation
U.S. Federal Reserve, Ease of doing business index for Ireland (ICBUSEASEXQIRL), retrieved from FRED.