IMD World Competitiveness Booklet 2021
COMPETITIVENESS TRENDS - OVERALL CYPRUS
OVERALL PERFORMANCE (64 countries)
BASIC FACTS Capital Land area (square km '000)
Rank
Nicosia
2017 2018 2019 2020 2021
9 2020
0.876 2020 0.89 2020 24.0 2020 39,889 2020 -5.1 2020 -1.10 2020 7.77 2020 0.45 2020 -11.79 2020 445.1 2019 103.93 2019
30
33
Exchange Rate (per $)
37
41
41
62
Population - market size (millions)
CHALLENGES IN 2021 Manage COVID-19 pandemic (contain infections, accelerate vaccinations) while economy reopens. • Manage COVID-19 pandemic (contain infections, accelerate vaccinations) while economy reopens. • Implement structural reforms and policy agenda that support sustainable development. • Encourage strategic investment, particularly in knowledge- intensive industries. • Preserve fiscal sustainability while limiting scarring effects of COVID-19 crisis. • Continue NPL resolution amid crisis and uncertainties around foreclosure framework.
61
Gross Domestic Product (GDP) (US$ billions)
30
GDP (PPP) per capita (US$)
34
Real GDP growth (%)
5
Consumer price inflation (%)
42
Unemployment rate (%)
63
Labor force (millions)
64
Current account balance (% of GDP)
19
Direct investment stocks inward ($bn)
Economics Research Centre, University of Cyprus Cyprus Employers and Industrialists Federation (OEB) Pr vided by: Economics Research Centre, University of Cyprus Cyprus Employers and Industrialists Federation (OEB)
1
Direct investment flows inward (% of GDP)
COMPETITIVENESS LANDSCAPE
Economic Performance
Government Efficiency
Business Efficiency
Infrastructure
Domestic Economy
International Trade
International Investment Employment Prices
Public Finance
Tax Policy
Institutional Framework Business Legislation
Societal Framework
Productivity & Efficiency Labor Market Finance
Management Practices
Attitudes and Values
Basic Infrastructure
Technological Infrastructure Scientific Infrastructure
Health and Environment Education
1
7
14
18
23 24
28
31
32
39
40
40
43
44
45
49 50
50
50
59
PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)
POPULATIONS < 20 MILLION (35 countries)
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021
19
19
20
21
23
24
25
26
28
28
64
IMD WORLD COMPETITIVENESS BOOKLET 2021
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