Ireland’s productivity is above the European Union average, a competitiveness report said yesterday.

The annual EU report, which looks at industrial competitiveness across the region and policy measures adopted by member states to improve competitiveness, named Ireland as one of the best performers in the region.

Ireland scored highly in labour productivity, rate well above the EU average, along with the Netherlands, Austria, Finland, Belgium, Sweden, Germany and Luxembourg. The economy was also rated above average in many areas of the business environment.