Cyprus the highest climber in IMD 2020 World Competitiveness Ranking


Cyprus was the highest climber in the 2020 IMD World Competitiveness Rankings, marking an improvement in all four categories that make up the overall ranking.

Cyprus finished in the 30th place in 63 countries, compared to 41 in the 2019 edition, marking an improvement of 11 places.

“Cyprus registered the largest improvement in the ranking among the 63 countries under evaluation in 2020,” the University of Cyprus’ Economic Research Centre (ERC) which along with Cyprus Employers and Industrialists Federation acted as Partner Institutes of the IMD World Competitiveness Center for the 2020 edition of the IMD World Competitiveness Yearbook.