In 2019, Bulgaria has regained one position compared to the previous year in the economic competitiveness ranking of the World Competitiveness Yearbook (WCY), published by the Institute for Management Development (IMD). Bulgaria’s Center for the Study of Democracy (CSD) is IMD’s partner for the country. Bulgaria ranks 48th out of 63 economies. This is only a marginal improvement and remains significantly lower compared to its pre-crisis achievement of 2009 (38th place)