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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 2020 edition of the IMD World Competitiveness Yearbook by contributing to the collection of the necessary data for Cyprus.

In the 2020 IMD World Competitiveness Ranking, Cyprus ranks 30th in terms of competitiveness, moving up 11 places compared to 2019. Cyprus registered the largest improvement in the ranking among the 63 countries under evaluation in 2020. Cyprus's position has improved in all four categories that make up the overall ranking, most notably in the categories of business efficiency and government efficiency, as well as in the category of economic performance.


 


Announcement in Greek