Abstract:

The level of development of an economy can be evaluated using different analysis methods by using different macroeconomic indicators. In this context, the aim of the study is to compare the economic performances of OECD countries by using macroeconomic variables between the years 2015-2021. In the study, per capita GDP, the share of exports and imports in total foreign trade volume, GDP, net exports, unemployment rate, inflation and exchange rate were determined as performance evaluation criteria. Within the scope of the study, a hybrid model consisting of CRITIC (Criteria Importance Through Intercriteria Correlation) and MABAC (Multi-Attributive Border Approximation Area Compari) methods was used to evaluate the economic performance of OECD countries. According to the average of the weighting coefficients obtained separately for each year in the CRITIC method, the most effective criterion on economic performance was GDP. The criteria related to foreign trade used in the study were determined as the least important criteria. According to the results of the MABAC method, the 3 countries with the best economic performance were determined as Luxembourg, Ireland and Germany, respectively, and the 3 countries with the lowest economic performance were determined as Colombia, Turkey and Greece, respectively.

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