Cyprus scored 66.39 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Index in Cyprus averaged 18.48 Points from 2007 until 2019, reaching an all time high of 66.39 Points in 2019 and a record low of 4.22 Points in 2008. This page provides the latest reported value for - Cyprus Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Competitiveness Index - values, historical data and charts - was last updated on January of 2021.

Competitiveness Index in Cyprus is expected to reach 67.07 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Competitiveness Index is projected to trend around 68.07 Points in 2021 and 68.57 Points in 2022, according to our econometric models.

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Cyprus Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
66.39 65.57 66.39 4.22 2007 - 2019 Points Yearly

Cyprus Business Last Previous Highest Lowest Unit
Business Confidence 83.30 80.90 114.90 68.00 points [+]
Industrial Production -5.20 -2.80 16.50 -35.70 percent [+]
Manufacturing Production -6.20 -4.30 15.60 -38.30 percent [+]
Changes in Inventories 82.70 -92.20 291.50 -233.60 EUR Million [+]
Car Registrations 3288.00 3802.00 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 0.10 -6.40 71.40 -71.10 percent [+]
Ease of Doing Business 54.00 57.00 60.00 36.00 [+]
Electricity Production 386.04 495.13 619.00 256.18 Gigawatt-hour [+]
Corruption Index 58.00 59.00 66.00 53.00 Points [+]
Corruption Rank 41.00 38.00 47.00 27.00 [+]
Competitiveness Index 66.39 65.57 66.39 4.22 Points [+]
Competitiveness Rank 44.00 44.00 65.00 34.00 [+]


Cyprus Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are 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. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes 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.