Abstract:

In this study, a model of economic performance measurement was developed to compare the economic development of Turkey and the European Union (EU) countries using the 2016 economic indicators. "National income per person", "economic growth", "unemployment rate", "budget gap", "public debt rate", "inflation rate", "balance of search transactions" and "balance of external trade" criteria are based on multi-dimensional decision-making methods and the economic performance of the EU countries is achieved with the help of the developed model. The weight of the measurements was determined by the analytical hierarchy process (AHS), while the country’s economic indicators were evaluated using the methods Additive Ratio Assessment (ARAS), Complex Proportional Assessment (COPRAS) and Grey Relational Analysis (GIA). As a result of the analysis, the countries were ranked at a low level according to their economic performance. According to economic indicators, the country with the performance is Germany, and the bad country is Greece. Turkey has found its place in the last place.

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