The Economics Research Centre and the Cyprus Employers and Industrialists Federation act as Partner Institutes of the IMD World Competitiveness Center (© IMD World Competitiveness Center www.imd.org/wcc) for the 2021 edition of the IMD World Competitiveness Yearbook by contributing to the collection of the necessary data for Cyprus.
In the 2021 IMD World Competitiveness Ranking, Cyprus ranks 33rd in terms of competitiveness, moving down three places compared to 2020. The position of Cyprus deteriorated in three out of the four categories that make up the overall ranking. The largest drop was registered in the category of business efficiency. In the category of economic performance, Cyprus maintained the position reached in 2020.