The Economics Research Centre and the Cyprus Employers and Industrialists Federation act as Partner Institutes of the ©IMD World Competitiveness Center for the 2024 edition of the IMD World Competitiveness Yearbook, by contributing to the collection of the necessary data for Cyprus.

In the 2024 IMD World Competitiveness Ranking, Cyprus ranks 43rd (out of 67 countries), moving up two places compared to 2023. The improvement in the competitiveness ranking is mainly driven by advances in economic performance. The position of Cyprus in the 2024 ranking improved slightly with respect to government efficiency, while it remained stable in terms of business efficiency and infrastructure.

2024 Announcement (in Greek).