International Institute for Management Development

Greece still has a long way to go to before it strengthens its competitiveness and climbs the world rankings, leaving the low positions it has been in for years.

Greece moved nine places higher, from 58th to 49th place, in the World Competitiveness Ranking in the 2019-2023 period, but remained low in the list of 64 countries, the International Institute for Management Development (IMD) said in a report released on Tuesday.

Greece moved nine places higher, from the 58th to 49th, in the World Competitiveness Ranking in the 2019-2023 period, but remained low in the list of 64 countries, the International Institute for Management Development (IMD) said in a report released on Tuesday.

Greece's position in terms of competitiveness fell by just one position compared to last year, according to data from Swiss-based International Institute for Management Development (IMD) published today. The country is now in 47th place in the relevant ranking, falling from 46th place last year, among 63 countries.

Ljubljana – Slovenia has slid five spots in the IMD World Digital Competitiveness Ranking to 40th among 64 countries, with the Covid-19 pandemic perceived as the main reason as it has significantly affected the competitiveness of all regions, countries and industries.

Greece last year found itself back at its worst ever level in terms of competitiveness - last seen in 2012 - according to the global chart compiled by the International Institute for Management Development (IMD).

The Greek economy's competitiveness remains weak, illustrating that the mix of reforms and fiscal policy has not fetched the anticipated results.

When it comes to economic competitiveness, Greece's continuous financial strife has sent it even further down world rankings.

According to this year's World Competitiveness Yearbook (WCY), which ranks and assesses the competitiveness of 63 countries, Greece only managed to reach 57th place on the chart.

The improvement in Slovenia's ranking on the index compiled by the Swiss-based International Institute for Management Development (IMD) came on the back of better economic performance and government efficiency, although the country continued to be held back by a number of pre-existing limitations.