An analysis – presented during the 41st edition of the Forum “Intelligence on the World, Europe, and Italy”- of the Nordic countries’ competitiveness shows that they outperform the EU average in 41 of the 55 analysed key performance indicators.
The Nordic Model is widely regarded as a benchmark since many comparative studies of economic and social performance have ranked the Nordic countries very high. Also for the EU-28 Competitiveness Index, a tool prepared by the Observatory on Europe (link), which measures the current level of competitiveness of the EU-28 Member States, Northern European Countries are the most competitive followed by Western, Eastern and finally Southern European countries.
The Observatory on Europe’s EU-28 Competitiveness Index clearly shows 4 geographical clusters, characterised by different competitiveness levels: Northern European countries are the most competitive, followed by Western, Eastern and finally Southern European countries.
Even if their current strengths assure positive macroeconomic forecasts for the next 5 years, they will have to face various challenges in order to maintain their competitive advantage: the most significant are related to aging population and productivity levels.
Managing Partner and Chief Executive Officer,
The European House - Ambrosetti