Cyprus is the 44 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum.

Competitiveness Rank in Cyprus averaged 48.85 from 2007 until 2019, reaching an all time high of 65 in 2016 and a record low of 34 in 2010. This page provides the latest reported value for - Cyprus Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Competitiveness Rank - values, historical data and charts - was last updated on September of 2020. source: World Economic Forum

Competitiveness Rank in Cyprus is expected to reach 44.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Competitiveness Rank is projected to trend around 44.00 in 2021, according to our econometric models.

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Cyprus Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
44.00 44.00 65.00 34.00 2007 - 2019 Yearly

Cyprus Business Last Previous Highest Lowest Unit
Business Confidence 83.20 81.20 114.90 68.00 points [+]
Industrial Production -10.30 -16.50 16.50 -35.80 percent [+]
Manufacturing Production -6.80 -17.30 15.60 -38.40 percent [+]
Car Registrations 3217.00 4227.00 7077.00 3.00 [+]
Internet Speed 6912.45 7114.94 7168.18 758.95 KBps [+]
IP Addresses 368293.00 364202.00 368293.00 93569.00 IP [+]
Mining Production 14.90 -13.60 71.40 -71.10 percent [+]
Competitiveness Index 66.39 65.57 66.39 4.22 Points [+]
Competitiveness Rank 44.00 44.00 65.00 34.00 [+]
Ease of Doing Business 54.00 57.00 60.00 36.00 [+]
Electricity Production 390.00 343.00 619.00 278.00 Gigawatt-hour [+]
Corruption Index 58.00 59.00 66.00 53.00 Points [+]
Corruption Rank 41.00 38.00 47.00 27.00 [+]


Cyprus Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.