Greece remained in 50th place in the IMD World Competitiveness Ranking in 2026, according to the latest edition of the World Competitiveness Yearbook, the detailed results of which were released by the Federation of Industries of Greece, the national partner of the International Institute for Management Development (IMD).While Greece maintained the same ranking as in 2025, it has fallen three places compared with 2024. Over the 2022–2026 period, the country has ranked between 47th and 50th globally, reflecting a picture of relative stagnation in terms of international competitiveness.At the same time, Greece improved its standing by one position among European Union member states included in the survey, ranking 21st in 2026 compared with 22nd in 2025.Four key pillarsThe IMD evaluates 70 economies based on their ability to create and sustain an environment that supports business competitiveness. The ranking is based on 262 criteria, including 170 statistical indicators and 92 survey-based indicators derived from the views of senior business executives.The overall ranking is determined by four broad categories: economic performance, government efficiency, business efficiency and infrastructure.In economic performance, Greece improved by two places, rising from 53rd to 51st. By contrast, its ranking in government efficiency fell six places, from 53rd to 59th.The country remained unchanged at 53rd in business efficiency, while its infrastructure ranking declined from 40th to 44th, marking its weakest performance in that category over the past five years.Strengths and weaknessesAmong the strongest aspects of the Greek economy are export concentration, where the country ranks second globally, and tourism receipts as a percentage of GDP, where it ranks eighth.In the government efficiency category, Greece recorded particularly strong results in the indicator measuring whether the government was elected through free elections, where it ranked first globally. It also placed ninth in the fiscal balance of the central government budget as a percentage of GDP.On the downside, Greece’s main weaknesses were identified in the current account balance, where it ranked 65th, the unemployment rate (64th), general government debt as a percentage of GDP (67th), and prevailing tax rates (60th).In business efficiency, strengths included long-term labour force growth and industrial wage levels. Areas of weakness included the effectiveness of corporate board supervision and apprenticeship programmes.