The Economics Research Centre and the Cyprus Employers and Industrialists Federation act as Partner Institutes of the © IMD World Competitiveness Center for the 2022 edition of the IMD World Competitiveness Yearbook by contributing to the collection of the necessary data for Cyprus.
In the 2022 IMD World Competitiveness Ranking, Cyprus ranks 40th in terms of competitiveness, moving down seven places compared to 2021. The decline in the ranking is mainly due to a significant deterioration in the position of Cyprus in terms of economic performance. In this year’s ranking, Cyprus’s performance improved marginally in terms of government efficiency and infrastructure, while the country’s position worsened slightly in terms of business efficiency.
