Greece Competitiveness up 2 Spot in 2024 IMD Ranking

Greece competitiveness was up two positions in 2024 in the international competitiveness ranking published annually by the IMD business school based in Lausanne, Switzerland.

According to the “World Competitiveness Yearbook” (WCY), published today by the Hellenic Federation of Enterprises (SEV), Greek competitiveness improved its position ranking 47th among 67 countries listed in 2024, up from 49th in 2023 in terms of competitiveness.

The slight improvement for Greece is attributed to a better performance of the Greek economy in three out of the four key indicators measured based on the IMD World Competitiveness Yearbook methodology.

  • Economic Performance: Greece improved by six positions, moving from 58th place in 2023 to 52nd place in 2024.
  • Government Efficiency: Greece improved by one position, moving from 53rd place in 2022 to 52nd place in 2023.
  • Business Efficiency: Greece improved by four positions, moving from 48th place in 2022 to 44th place in 2023.
  • In the Infrastructure category, the country remains stable, holding the 40th position in the global ranking.

Singapore is the most competitive economy out of 67 across the world’s eight major regions. Switzerland was second and Denmark third, while Nigeria, Ghana, and Puerto Rico made their débuts.