The present invention relates to a method for transmitting and receiving channel quality information in a wireless communication system for supporting a Narrowband Internet of Things (NB-IoT) and a device therefor and, more particularly, the method comprising: transmitting and receiving a random access preamble; transmitting and receiving a random access response on the basis of the random access preamble; and transmitting and receiving channel quality information via a narrowband physical uplink shared channel (NPUSCH) on the basis of the random access response, wherein when the random access preamble is transmitted and received on the basis of a narrowband physical downlink control channel (NPDCCH) order in a radio resource control (RRC) connected state, the channel quality information is measured on the basis of a UE-specific search space (USS) set in the RRC connected state.