Investigation of the EU countries’ economies using composite indicators

In this research a hypothesis about the economical measure, which could be an additional tool for the analysis and assessment of the European Union (ED) countries' economy tendencies is verified. This measure (for each country separately) was constructed as a composite indicator (CI) that involves indicators from economic fields. The dynamics of the CI was compared to Gross Domestic Product (GDP) tendencies during the analysis period. The CI of each EU country was constructed with monthly periodicity therefore this indicator may reflect the economic situation of economy more frequently than GDP