The economy has recovered strongly
Gross government debt ratios are declining but remain high
The NPL ratio remains high
The large productivity gap has widened
Barriers to entrepreneurship are high
The quality of domestic infrastructure needs to be improved
Life satisfaction is high but challenges exist
There are lengthy waiting times for medical procedures
The labour utilisation rate is low
Many Irish firms believe they are negatively exposed to Brexit
Most businesses have experienced a decline in productivity
Growth in modified GNI has recently been weaker than GDP
Domestic demand has been solid
Export performance has been strong and the current account balance has improved
Property prices are rising strongly
Private sector indebtedness remains high
Macro-financial vulnerabilities remain high in some areas
There are disparities in sectoral impacts under the Brexit scenario
The size of banks has been reduced
The non-performing loan ratio remains high
Tighter macro-prudential policy is not warranted at this stage
Public debt ratios have improved but remain high
The majority of potential VAT revenues remain uncollected
Wellbeing is high, but some aspects can be improved
The current level of housing supply is insufficient to meet future demand
Green growth indicators are mixed
Many Irish people are unsatisfied with the health system
There are lengthy waiting times for medical procedures: Days waiting time for patients registered for a procedure, 2016 or latest available
Labour utilisation remains low and differs across groups
High market income inequality is reduced by the tax and transfer system
Net replacement ratios are relatively high
The active labour market policy spending mix can be improved
Childcare subsidies will reduce the participation tax rate
Housing supply is currently lower than underlying demand
Future household formation rates are uncertain
Trend productivity growth has slowed
Foreign-owned firms tend to be more productive
Wages are substantially higher in foreign firms
The share of SMEs adopting innovation strategies is high
Both the firm entry rate and exit rate are low in Ireland
Default rates are high for Irish SMEs
The efficiency of resource allocation is weaker for local firms
A decline in the efficiency of resource allocation has pulled down aggregate productivity
Foreign-owned firms are much less likely to source production inputs from Ireland
Disparities in the sourcing behaviour of foreign and local firms differ by sector
Regulatory barriers are low overall but some barriers to entrepreneurship exist
The cost of construction permits is high in Ireland
Electricity costs are high in Ireland
The costs in the legal services sector are high in Ireland
The investment share of government spending is low
Many Irish firms sell online
Capital productivity has declined sharply in Ireland
The insolvency regime for corporate restructuring is efficient
Reforms to bankruptcy law have reduced penalties for failed entrepreneurs
Financing conditions for SMEs remain tight
The ratio of NPLs net of provisions to capital is high
Venture capital investment is higher than in most other OECD countries
Venture capital finance is concentrated in the middle-development stage in Ireland
The alternative stock exchange platform can be developed further
Funding through the Seed and Venture Capital Scheme is concentrated in certain sectors
Funding through the Microenterprise Loan Fund Scheme is diversified
Irish innovators are less likely to collaborate
Public support to business R&D has increased significantly over recent years
Irish R&D tax incentives are more beneficial for profitable firms
Lifelong learning participation is relatively low
Irish-owned companies in most sectors have reduced employee training
Wages are substantially lower in local firms