IMD World Digital Competitiveness

FACTORS BREAKDOWN - STRENGTHS AND WEAKNESSES CYPRUS

u Overall top strengths Overall Top Strengths

w Overall top weaknesses Overall Top Weaknesses

KNOWLEDGE

2019 2020 2021 2022 2023 62 57 56 53 55 33 30 29 40 44 53 35 29 26 40

Sub-Factors

Talent

Training & education

Scientific concentration

Training & education

Scientific concentration

Talent

Rank

Rank

Rank

43 42 30 56 05 28 -

40 47 24 43 40 60

57 20 11 56 61 19

Employee training

Total expenditure on R&D (%)

Educational assessment PISA - Math

Total public expenditure on education

Total R&D personnel per capita

u

International experience

Higher education achievement

Female researchers

u

Foreign highly skilled personnel

Pupil-teacher ratio (tertiary education)

R&D productivity by publication

Management of cities

Graduates in Sciences

Scientific and technical employment

w

u

Digital/Technological skills

Women with degrees

High-tech patent grants Robots in Education and R&D

u

Net flow of international students

TECHNOLOGY

2019 2020 2021 2022 2023 56 47 47 50 53 60 52 54 54 56 48 52 52 49 49

Sub-Factors

Regulatory framework Capital

Technological framework

Capital

Technological framework

Regulatory framework

Rank

Rank

Rank

24 60 44 30 52 27

28 59 48 48 55 42

39 59 56 54 61 22

IT & media stock market capitalization

Communications technology

Starting a business

Funding for technological development

Mobile broadband subscribers

Enforcing contracts

Banking and financial services

Wireless broadband

Immigration laws

Country credit rating

Internet users

Development & application of tech.

Venture capital

Internet bandwidth speed

w

Scientific research legislation

Investment in Telecommunications

High-tech exports (%)

u

Intellectual property rights

FUTURE READINESS

2019 2020 2021 2022 2023 34 28 27 36 46 57 42 50 53 63 38 29 33 29 39

Sub-Factors Adaptive attitudes Business agility

IT integration

Business agility

IT integration

Adaptive attitudes

Rank

Rank

Rank

25 59 60 34 31 24

22

59

Opportunities and threats

E-Government

E-Participation

-

-

World robots distribution

Public-private partnerships

Internet retailing

43

61 63 62 41

Agility of companies

Cyber security

w

Tablet possession

-

Use of big data and analytics

Software piracy

w

Smartphone possession

58

Knowledge transfer

Government cyber security capacity

w

Attitudes toward globalization

Entrepreneurial fear of failure

Privacy protection by law content

81