The BDO International Business Compass report examines the capacity for innovation by measuring labour market performance, infrastructure and foreign direct investment.
The study compared 74 countries across all continents.
“Ireland’s ranking of 7th in the BDO International Business Compass is excellent news for our foreign direct investment offering,” said Kevin Doyle, tax partner at BDO Ireland.
Mr Doyle said the ranking reflects “the strong proposition Ireland presents to international organisations and investors”.
Ireland has overtaken the UK, which remains in eighth place.
Hong Kong, Singapore and The Netherlands were the three top-ranking countries, according to the report.
“The results of the 2016 BDO International Business Compass recognise the marked improvements in Ireland’s economic outlook and capacity for innovation in recent years,” he said.



